Stealth Wealth

Personally I would quit the job I hate to do something intellectually stimulating that I enjoy. It's not worth it to stick around. If your family/friends all of a sudden are judgmental about your newfound wealth or are acting petty about the whole thing it's not your problem.....it's theirs. Easier said than done but you want to be hanging out with people (whether they're family or friends) that are supportive and challenge you, not ones that are jealous and bring you down.
 
trader99 said:
Oh, here we go again! It's not being childish. I was just mentioning that to say that regardless of $$ fromt trading I still need INTELLECTUAL STIMULATION from an academic job(even though it pays shiet). That's all. Don't take it the wrong way. I've had coworkers and even bosses that were so jealous and passed false rumors about my credentials. The low of the low. I could have sue them for defamation and take everything. But they are worth shit and not worth the hassle.

This is why I became an entrepreneur and avoid all this rat race, corporate pettiness, etc. People fight and competing and lying and defame each other to get a small piece of the pie. Pathetic.

From the outside, I look pretty middle class because I don't like cars so no need to drive an expensive one. I don't like designer clothers so no need to buy expensive clothes.

But once COV19 is over then I plan to travel for extended period of time(1month to 3 months). My enjoyment in life.
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I never said anything about being childish. And the way you worded it makes it seem like I said something about being childish.

You could have said intellectual stimulation without the other shit.

I just find it odd when people need to qualify something the way you have - Im just giving you some advice here, take it or leave it. Because at this point I expect someone with ivy degrees to not make the mistakes you have that I have already pointed out in a few of my replies - the "being childish" part the biggest one.

When i see people qualify stuff my alarm bells go off. Its like a hood dude saying hes a hard nigga at any chance he can get. Or telling stories that make it appear so when no one around wants to hear or even cares about that shit in that particular moment. Its a sign of someone that probably isnt that hard. Same concept here.
 
GaryBtrader said:
Personally I would quit the job I hate to do something intellectually stimulating that I enjoy. It's not worth it to stick around. If your family/friends all of a sudden are judgmental about your newfound wealth or are acting petty about the whole thing it's not your problem.....it's theirs. Easier said than done but you want to be hanging out with people (whether they're family or friends) that are supportive and challenge you, not ones that are jealous and bring you down.
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Thanks. I get what you are saying. It's easier said than done. They are family dude. Being the youngest in the family, I'm used to be the low man on the totem. That's the expectation.

I have "friends" online who are on the same journey(either successful traders or successful entrepreneurs) and doing well and they are super supportive of me! They know exactly what I'm talking about.

But sadly, in the real world where we all live, we gotta be more subtle about things.
 
beginner66 said:
well if you want to lay low then you are the smarter one in your family. You know i once had a personal experience so profound that it didnt matter if i had no money or was homeless....i had enough and all i needed...eg inwardly... i like how you have 3 parts to your wealth accumulation. You are way ahead of many out there. Perhaps you are looking for a 4th or 5th component to hedge risk...one only needs one to take off for 2 to 3 years and you have then made enough wealth to retire on. Best of luck Trader 99.
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Thanks!
 
trader99 said:
I know this a good problem to have. But just wondering people's thoughts on this.

Suppose, you do well in trading. Then what? I don't like to be showy.

I think the best way is via stealth wealth according to this blogger:

https://www.financialsamurai.com/th...guide-to-staying-invisible-from-society-rage/

I'm even hesitant with family members. As I've written before, I have 3 sources of income: my biz, my trading, and my part-time adjunct faculty position.

I've gotten to the point where a few minutes in the morning of trading makes more than most normal corporate jobs.

I feel like now I'm just using my part-time adjunct faculty position as a cover. So, people think I have a "normal" job and not just sit at home and make a living.

While I derive a lot of intellectual benefits, I'm thinking of quitting that job b/c the economics of it is horrible, students are rude, entitled, nasty, and teaching at nights is tiring. I feel like I should just dump that job and focus on my biz and trading.

Alternatively, I've looked at other institution with better pay and hours so I can satisfy my intellectual needs and still maintain the cover.

I know some family members are even wondering about my arrangements. Because they know that that job pays shit yet I'm still able to maintain a pretty good lifestyle as though I was still working at my old corporate jobs with nice six figures.

I even purposely told them "oh, one of my client finally paid me after months of work! oh so unstable situation!" This puts everyone at ease thinking I'm still struggling financially with my biz. It's not a lie because the cycle of payments from clients can take a while. But they are Corporate 9-5 people, so they don't know that's typical experience of any company.

Eventually, I want to buy another home(probably much nicer that the current one). Then my cover will be blown.

I guess if family finds out then it's ok. But I know some of my siblings are super competititive. Growing up and now, they always want to be ahead and even the slightest sign that I'm slightly ahead they slam me.

How do you live in a stealth wealth fashion? Especially if your trading gets better and better over time. I know it's a good problem to have.

Any ideas?

Or maybe move to a tax haven and escape all this non-sense. hehe
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My opinion is that you’re living a lie and playing the same political games that you’ve complained about at your past corporate jobs. Though I don’t think that’s bad because you’re not doing anything bad, I’m just pointing out that maybe this isn’t necessary. At least I try to teach my kids to not lie and hide stuff from each other, because when it comes to worst, they may only have each other to rely on. But they’re still young and in college, so things may change when they become independent and competitive. At least consider being open about your situation/success and whether it’s really necessary to hide it. Why wouldn’t you be proud of it?
 
trader99 said:
I know this a good problem to have. But just wondering people's thoughts on this.

Suppose, you do well in trading. Then what? I don't like to be showy.

I think the best way is via stealth wealth according to this blogger:

https://www.financialsamurai.com/th...guide-to-staying-invisible-from-society-rage/

I'm even hesitant with family members. As I've written before, I have 3 sources of income: my biz, my trading, and my part-time adjunct faculty position.

I've gotten to the point where a few minutes in the morning of trading makes more than most normal corporate jobs.

I feel like now I'm just using my part-time adjunct faculty position as a cover. So, people think I have a "normal" job and not just sit at home and make a living.

While I derive a lot of intellectual benefits, I'm thinking of quitting that job b/c the economics of it is horrible, students are rude, entitled, nasty, and teaching at nights is tiring. I feel like I should just dump that job and focus on my biz and trading.

Alternatively, I've looked at other institution with better pay and hours so I can satisfy my intellectual needs and still maintain the cover.

I know some family members are even wondering about my arrangements. Because they know that that job pays shit yet I'm still able to maintain a pretty good lifestyle as though I was still working at my old corporate jobs with nice six figures.

I even purposely told them "oh, one of my client finally paid me after months of work! oh so unstable situation!" This puts everyone at ease thinking I'm still struggling financially with my biz. It's not a lie because the cycle of payments from clients can take a while. But they are Corporate 9-5 people, so they don't know that's typical experience of any company.

Eventually, I want to buy another home(probably much nicer that the current one). Then my cover will be blown.

I guess if family finds out then it's ok. But I know some of my siblings are super competititive. Growing up and now, they always want to be ahead and even the slightest sign that I'm slightly ahead they slam me.

How do you live in a stealth wealth fashion? Especially if your trading gets better and better over time. I know it's a good problem to have.

Any ideas?

Or maybe move to a tax haven and escape all this non-sense. hehe
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This is nothing new. I have lived in Chicago and New York City, in the '90s this was appropriate as ever in Urban centers. SF, LA, Atlanta you don't wear a Rolex, have Gucci shoes, drive a Benz etc unless you asking to be mugged or carjacked. If you live in Salt Lake City or outside of the rat-infested shitty Hoods, nobody cares.
 
guru said:
My opinion is that you’re living a lie and playing the same political games that you’ve complained about at your past corporate jobs. Though I don’t think that’s bad because you’re not doing anything bad, I’m just pointing out that maybe this isn’t necessary. At least I try to teach my kids to not lie and hide stuff from each other, because when it comes to worst, they may only have each other to rely on. But they’re still young and in college, so things may change when they become independent and competitive. At least consider being open about your situation/success and whether it’s really necessary to hide it. Why wouldn’t you be proud of it?
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I get what you are saying. But did you not read that blogger post about Stealth Wealth? It's easy to be idealistic but we live in the real world with jealousy, competition, and pettiness.
 
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TimtheEnchanter said:
This is nothing new. I have lived in Chicago and New York City, in the '90s this was appropriate as ever in Urban centers. SF, LA, Atlanta you don't wear a Rolex, have Gucci shoes etc, if you live in Salt Lake City or outside of the rat-infested shitty Hoods, nobody cares.
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My point was that I DO NOT like to wear those things. I live in a relatively affluent neighborhood so my neighbors flaunt expensive cars and toys all the time.

But I'm not like that. This is more about my family and siblings not knowing. I could care less if the Jones down the street want to compete with me.
 
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