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Mtl_zack's avatar

Should I hide my wealth?

Asked by Mtl_zack (6759points) June 18th, 2008 from iPhone

I’m a bit more well off than most of my peers and even some adults I know. However that is me personally, not including parental help. If you include parents, then I’m an almost-millionaire – 2 millionnaire. I find It very uncomfortable when I’m with my peers and were gonna watch a movie and they don’t have enough for the ticket or popcorn. Also, when I say which city district I live in or which school I go to, people automatically think I’m a snob, but really, I’m one of the few open minded people who graduated from my school in 30 years.

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24 Answers

PupnTaco's avatar

Hiding some of that wealth sounds like a great idea. I’ll take $50k to start.

breanne's avatar

It probably is a good idea. People will either try to take advantage of your or make cracks about how you are different from them just because you have the cash. Your other alternative is just just hang out with only wealthy people, but I don’t think you want to do that.

Stocky's avatar

You are welcome to hide it in my back account. Im very trustworthy and can keep a secret.

reed's avatar

I started working at age 12 and always had more cash than my friends. I bought a very nice car for cash when I was 16. By age 18 I was part owner in a bar that put thousands of dollars a month in my pocket. I learned fairly early on to hide my wealth since people do treat you differently when you have money. Even today I live relatively modestly though I’m relatively wealthy because money alienates a lot of people. I do have some friends that are also self made millionaires and we rarely talk about money. I have no friends that inherited their wealth because they always seem to money oriented and are typically snobby. Just don’t flaunt your money and you should be fine.

berocky1's avatar

I would say don’t wave it around and try giving some to me. But you don’t have to hide it

cheebdragon's avatar

Your not hiding it very well….; )

ninjaxmarc's avatar

I’m always broke.
At least that’s what I tell people.

susanc's avatar

One: I personally feel that people who have more than they need should help other people out. How much they
talk about it is their business.

Two: Mtl zack is our colleague. He’s asking a real question. All he gets is a snootful of sarcasm and jealousy. I’m ashamed of you people, except for reed.

ninjaxmarc's avatar

I consider helping out people as good karma just don’t let them take advantage.

pattyb's avatar

buy your less fourtunate peers some popcorn and tickets and you won’t feel so guilty and awkward. You’ll feel better about yourself that you did something nice for someone, kindness pays dividends.

artificialard's avatar

Don’t offer to pay for people, unless there’s some common sense of decorum or occasion (they forgot their wallet, birthday, etc.) It’s uncomfortable asking for the money back…

I’ve found generally it’s not a good idea to discuss money with acquaintances, even friends – some find it uncomfortable and once your relative financial states are made explicit it tends to frame you a certain way in conversation that can make it uncomfortable…

TKR's avatar

Defo just keep it quiet! Doesn’t have to be like a massive secret! Just noone elses business! ;-)

shawnlxc's avatar

Manage it well
Keep it secret
Be Modest
And don’t give handouts, you’ll find yourself asking for them real quick
It’s all in your personality as well, just remember that you can be whoever you want without letting the material things get in the way.

flameboi's avatar

there is nothing to be ashamed, I’m in a similar situation, and sometimes, I tend to feel bad, what i do is, hit a not that expensive place when I’m with friends I know they can’t afford the places i normally visit, about the school, just try to avoid it, in my case, i feel proud about it, but other people might want to kill me… being lucky in life, for one thing or another is not bad, but, sometimes is better to keep it low, very low, don’t forget that there are a lot of people that might want to be around you because of your wallet, u know what i mean

mirza's avatar

The fact that you wrote all this about how rich you are doesn’t help your case that you’re not a snob

mirza's avatar

Also theres nothing wrong with being a snob. Its like having an ego and more importantly it shows character that you have enough confidence in your self that you consider your self better then everyone else

Trustinglife's avatar

I thought it was a great question. It’s not common to be able to have an open discussion in real life about this kind of thing – a topic that can be uncomfortable and bring up our differences. This is a good place to have it.

brianinmn's avatar

I must have hidden my wealth too well. I have NO idea where it is. Damn!

Kay's avatar

Just make sure that the people you are hanging out with are genuine. People generally don’t want to feel like charity cases or feel like the “poor” person of the group, so I doubt you’ll have problems with people asking you for money unless you throw it around profligately (or if you hang around mooches). Just enjoy your life and don’t make it an issue and it won’t be one.

pattyb's avatar

ashamed of having too much money?
jeez, just when you think you heard it all. ...

spendy's avatar

If the people you hang out with would treat you differently because of your economic status, you might want to rethink a few friendships. Not saying they would, but it’s a point that deserves reflection. I wouldn’t gloat about my wealth, but I also wouldn’t go out of my way to hide it. I’ve been through the same scenario…and it’s amazing how many friends you suddenly have when your wealth is no secret. Also amazing what people you thought were your friends would do to take advantage. Money can be a real eye-opener for any relationship – friends or otherwise.

Rule #1 – When you lend someone money, assume they won’t repay you.
Rule #2 – Lending people money is like feeding stray cats – they’ll be back.

susanc's avatar

Good rules.
But – don’t lend money to friends. Tell them you’ve learned your lesson; you’d rather keep their friendship.
Instead, offer to
a) help them think about where to raise some funds, or
b) give them some money.

If you give money, truly let it go. Ask the recipient to do the same for someone some day.
Everyone wins.

susanc's avatar

@pattyb and mirza
why do you feel angry at this guy for talking about this?
I ask because it interests me very much that we strive for nothing BUT money
in our culture but we HATE people who have it.
Sick.

four3zero8's avatar

Look the average person has ideals, that keep them in a prison, slaving for money, the middle class, makes so much, but their weird ideals, frustrate their growth in the green department, us wealthy or soon to be wealthy individuals, think differently, we feel positively about our money, we donot have those mental blocks, so you must see, that the middle class and the poor, will have a negative view point a lot, because they have twisted views of money, they have no idea, how to use it, and why it’s their right to have a lot, so understand who your dealing with, and act accordingly.

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