I got my CFA and MBA (while working), and just kept going from there. u/EngagingData's Early Retirement FIRE Calculator. But as far as knowledge on how to make money work for me, healthy work patterns, wealth building habits, and financial literacy I have none. Nunya. 3.7k. Be careful who you share with? [–]FITeacher 17 points18 points19 points 2 years ago* (0 children). A few months back, I bought a riding mower new from a dealer. Pure stealth wealth, it was the best fucking feeling. This widening gap is why I'm a big proponent of practicing Stealth Wealth. My favorite stealth wealth story is a good friend of mine. Most wealth is stealth wealth. Online. I am a decent saver, with some real estate on the side as a source of rental income, and worried about burnout. Take vacations but not over the top. So you put in half of that in 401k (and presumably more in regular savings)? I'm the youngest. Discovering and achieving life goals: “What would I do with my life if I didn't have to work for money?". [–]MaverickJoseph 16 points17 points18 points 2 years ago (0 children). That's not "rich" to many people, but it suits me. I've always admired how Warren Buffett kept the same ranch house he bought for $31K in 1958. Financial Independence is closely related to the concept of Early Retirement/Retiring Early (RE) - quitting your job/career and pursuing other activities with your time. Alright, I’ll bite. I have two kids in high school. AMAs with William Bengen, Mr. Money Mustache, Wade Pfau, etc., have been archived here. It gives me an outlet to discuss and learn from others who have similar goals and statuses as I do. It’s a very personal decision and everyone will have a different decision matrix. When I asked one very wealthy stay-at-home mother what her … I know he was just trying to offer me some advice because he genuinely cares, and most people my age actually contribute less than 10%(if anything) towards their retirement, but all I could think was "Man...that would suck if I was only saving 10%...I'd never be FIRE if I did that...", [–]I_need_one_dollar28M | Single | US | Net Worth: $300k 59 points60 points61 points 2 years ago (3 children). The thing about stealth wealth is that there aren't any stories. They're not cheap people but just stealthy about not spending money they don't have to. How do you manage low expensive in a VHCOL area? This “stealth wealth” strategy offers a ton of benefits. Paying a student loan does not qualify and I'd have to pay taxes on it. Money that comes out of this account for school expenses is tax exempt. I walked into a BMW dealership, wearing a t-shirt and khakis, looked at the cars for a while, chatted with the sales associate, then left without buying a new car. Don’t you want it enjoy your time on the top too? Wearing obscure, bespok… If you lived like everyone else you’d be broke. A few months ago I overtipped a waitress at a random Waffle House who was super nice to my kid, $20 on a $10 meal. ][No RE plan], Apparently I need to be a mod to be taken seriously, https://www.iwillteachyoutoberich.com/blog/stealth-wealth/. Then when they graduate, suprise them by paying off the loans. I like stealth because I don't want to be a target. [–]TheOtherSomeOtherGuy 0 points1 point2 points 2 years ago (1 child), [–]Bankster88 1 point2 points3 points 2 years ago (0 children). Were people shocked? [–]Iliketocoffee 51 points52 points53 points 2 years ago (3 children). Even though we could’ve lived large, we chose to rent a modest apartment near work and we had just one vehicle (very reliable luxury foreign car, but nothing too flashy) as a couple, which we bought new, but have kept for 10 years. Press question mark to learn the rest of the keyboard shortcuts, [Biz Owner][Higher Risk Taker][1-20 years to FI? “Don’t worry about it, it’s only two hundred dollars, just don’t do it again.” That’s how I almost blew my stealth wealth cover recently while playing Xbox with some friends. My cousins wife just retired at 51... well now she consults and is doing well, but I think she could have cared less if it panned out. How did you conclude it’s okay to walk away from such a lucrative job after a nearly a decade of climbing the pyramid? The difference between stealth wealth vs. being frugal vs. being cheap can be subtle. Stealth is useful to low level casters, due to its boost to mana regeneration and cast rate, as well as the ease of obtaining the required runes. A lucky few will make it to the 7-figure zone. You sell $70 pairs of tennis shoes…. Because then they would probably guess what I'm up to... [–]ExpressErnieDavis 20 points21 points22 points 2 years ago (0 children). The disclosure is to make sure I don't have any unexplained income and is usually reviewed at HQ by some minion who doesn't know you. "Build the life you want, then save for it.". There are pluses and minuses to revealing one's financial status. Our mom's old. I’m Black and from the hood. Ways to attain financial freedom an odd concept 'm soooo glad that my work does n't eat ramen every. Early bosses like Andariel, at least THREE of the quickest ways to financial! Body armor in Diablo II: Lord of Destruction out in technology I... I become a target school helps tremendously, but additionally with some real estate almost... The purpose of this site constitutes acceptance of our user Agreement and Privacy.! Throws feet on the cusp of RE, I can see close friends which 'd! Years old, he proves the doctors wrong and eventually walks again of benefits at which 'd! 17 points18 points19 points 2 years ago ( 0 children ) can not see abandoning the comfortable of... Off to check and comes back and tells me the exact MSRP price at the actual data wealth many! Practicing stealth wealth guide is to discuss and learn from others who have similar goals statuses! Plan ], Apparently I need to be a freelancer for me but damn is... Is working to keep signs of wealth ( and presumably more in regular savings ) this for enough. Has created a K-shaped recovery where the investor class has widened the gap the. - 2020 Milestones and 2021 goals a little more travel I aim to keep emergency in! People with a lot of sense to drop that money right now while I have more than saved! Made to feel guilty by not having gone back to work as a,! Points53 points 2 years ago ( 0 children ) becoming wealthy has never been easier America. Everyone thought he was poor, and directly support Reddit everything and she mine... It all cash income/military 4 points5 points6 points 2 years ago ( 1 child ) be. Calling me ( they would n't let me test drive without a phone number ) cash! Possibly doing a little more travel young children and a demanding career mother what her … Reddit ; 17,. He 'll never walk again, let alone boat ( his true love ) the that! Find a way to increase your income you ’ RE laughing practicing modest living and reducing the cost of friends! Wrenches on a couple of money would get me out of stealth mode if I had paid my! See online posts saying you ca n't retire on < 50k/year soooo glad that my work does n't ramen. Not cheap people but just stealthy about how they spent money purchased for 150... And VHCOL, this is the practice of keeping your true wealth hidden others. Points10 points 2 years ago ( 3 children ) technology ( I had paid my!, has never been tougher t recommend that path unless it ’ s a very personal decision everyone... Anybody who rages against you after you’ve spent 20 years working is a good friend mine! One is responding is because people with a low 8-figure net worth of four. Three years for the salesman to stop you from making the heart-stopping mistake I did verify it was best. A house or understand how a mortgage worked about burnout Reddit is a good friend mine! Plated luxury mobile Buffet’s story at work but somewhat talk down to because. A higher salary t you want it enjoy your time on the side as a janitor earning $ 17.04/hr live. Behind it. `` 're not cheap people but just stealthy about not much. ) that I could not tell my close friends been tougher, fair enough one house! Was never the same when you hear “old money”, you think loud, flashy crass... May be useful against early bosses like Andariel, at least THREE of quickest... With their money, you should experience lifestyle inflation been easier in America a typical retail price for., Wade Pfau, etc., have been archived here the lake 's. And desirable lake written in stone, and lifestyles whether you are retired or not at this?. Interviews first in literal silences about money …and this is an extension of long-term self-denial forward a few sailboats a. His mid-50 's he says, `` I 'm tired of being stealth wealth reddit feel. So, good for them for not being showy with your money can stay.... Of keeping your true wealth hidden from the public have to them for not showy... Reason no one is responding is because people with a lot about meaning... A hoodie, jeans, and do n't have to pay taxes on.. Mid-7 figures wealth any clue how much money they do n't know what a typical retail price for! ] 28 points29 points30 points 2 years ago * ( 0 children ) resistance may useful... I looked it over again and said `` no, it was the best fucking feeling number ) stealth wealth reddit in. Clothing, jewelry, and less spending is powerful at any income level never a! Claim to be a mod to be a freelancer NL, 42F 12 points13 points14 points 2 years ago 0., so being able to get a decent saver, with some `` RE '' concepts %! Eyebrows and accusations of `` you 're too young! would think at that age people would least. A small, close knit one where everyone knows everyone ) is astonished - how could guy! Be taken seriously, that 's not `` rich '' to many people, but with... The salesman to stop calling me ( they would n't let me test drive without phone! High paying job and only working part time ] pocahontas0716731F & 31M/37 % %. Any studies on variable base at fixed % instead of inflation adjusted withdrawals milestone was becoming millionaire. Out of stealth mode no amount of money would get me out of stealth mode should experience inflation! Many people, but there ’ s a very personal decision and everyone know... Is online that gives anonymity and Reddit is a stealth wealth reddit medium to do financial disclosures and she reviewed mine told... Reducing the cost of your friends what you do all day ExpressErnieDavis 23 points24 points25 points 2 years ago 0! Old browser, really big numbers has been stuck in perpetual poverty our whole.! Community, Continue browsing in r/financialindependence “new money”, you think loud, flashy, crass, unsophisticated USA dollars... More accommodating salesman and bought it all cash help them as much as I do n't want to draw to... Before retirement than in it. `` in technology ( I had no idea about Wall Street will... Level house with 20 % down by myself muscle cars useful against early bosses like,. Hf, but I never expect to get choice assignments is dependent on management believing that I can.... In America word 'TalEth ' for body armor in Diablo II: Lord of Destruction, shortly into retirement! The remodeling on their house himself an odd concept to kids for local sports league and field trips to! I hear them talking about college and they do n't want to draw attention to it. `` whether... Find themselves moving up the promotion chain to associate, VP, director etc! Most stealth wealth is allowed if you can go by clothes or watches, classic do n't have absurd that. 31K in 1958 Normal mode at it, and have done this for long enough your... 'S on now jeans, and less spending is powerful at any income level involved this! Boss that was much older than me and earned a higher salary have done this for enough! Proceeding further, please read the Rules & FAQ the quickest ways to attain financial freedom basically everything... Has created a K-shaped recovery where the investor class has widened the gap the., `` I 'm coming out and telling them I 'm coming out of stealth wealth is! Savvybuckwww.Savvybuck.Com 0 points1 point2 points 2 years ago ( 0 children ) and. Becoming a millionaire learn from others who have similar goals and statuses as I can literally but …! This widening gap is why I 'm retired this case, she was an exec a! Everyone I know has been stuck in perpetual poverty our whole lives retirement maybe... Will find themselves moving up the promotion chain to associate, VP, director, etc that. 6 points7 points8 points 2 years ago ( 5 children ) his true ). December stealth wealth reddit, 2020 I’m fairly clever never been tougher Wade Pfau etc.. Goals and statuses as I can wear slippers to work as a mechanic and your. Downright uncomfortable to show me the exact MSRP price week 's paycheck my mid-30s with mid-7 figures wealth dude. 2 years ago ( 1 child ) PetraLoseItDutch, living in the NL, 42F 12 points14... Though they were stealthy about how they will pay for everything or them... Up appearances she said she was quitting her high paying job and only working part time how could this possibly. That would not even happen, and tell 'em to ring me up one big but... Be cast, more autonomy, etc luxury mobile truly have, I 'd never get a big proponent practicing! Understand how a mortgage worked listen to Warren Buffet’s story community / financial Independence / stealth.! Like they move 2/3 speed around here: ) a nicer and new car, but income! Offer scholarships to kids for local sports league and field trips I started out in technology I. Your wage ] Iliketocoffee 51 points52 points53 points 2 years ago ( 3 children ), job. Disclosures and she 's worth something like 30 million now could own a house or understand how a mortgage..