Aliblahba said:
MikeCF said:
Tie your money up in trusts and hide assets. Let people sue you. Oh well.
Get a vasectomy but freeze sperm in case you want kids.
Go out and blast away without a care in the world.
I found that article I'd quoted back around '07. It was a real eye-opener and I've thought about it since with much fervor. Every time I see a big winner stand there holding that mega check, I wince. "Blood in the water".
Oh, for sure.
But there are a lot of rich people who enjoy anonymity.
I saw a guy in Cabo who was getting ignored. Then he had a friend put word out that he was a telecom billionaire. Suddenly the girls started flocking to him.
You'd have never noticed it looking at him and in fact no one outside of his entourage knew or could tell.
You could be out in San Francisco and drinking beers with a Facebook $100 millionaire and not even know it.
Unless someone has your name and Googles you, how are they going to know you're rich?
What has been shown repeatedly is that family relationships with become problematic. Every cousin, uncle, and nephew (three times removed) will have his or her hand out and few will think you've given them their "fair share."
I personally would pay off every family member's mortgage, all their consumer/credit card debt, and then create college trust funds for any kids and set up medical trust funds for my parents so that they would always have platinum level medical care. But that's it. I wouldn't retire anyone. (My dad would laugh if I tried giving him money to retire, so retiring my parents would be a moot point.)
So if you avoid family and people who know you, you can sail off into the sunset with your cash.