Stealth wealth
- Thread starter Vladimir Poontang
- Start date
Is it a good idea after a few years to let your girlfriend / wife know how much you really have?
If you tell her that's creating a big incentive her to leave you and win a big prize. If you have hidden your money offshore and it's close to impossible to find it or confiscate it by government then it matters a bit less.
How do you give the impression that your income is average while spending money on expensive things?
Pictures doing expensive activities... Not too sure.
What are some good ways to hide / protect your assets? (money, property, precious metals, etc)
This question is a an entire forum in itself..
Crypto cannot be confiscated. Offshore banks that don't conform to CRS. Others use offshore shell corps to buy things with, loan themselves money in their home country. Gift your assets to your parents or siblings.
I think the general idea is to put your wealth in jurisdictions where the government in the country you are living in cannot do anything to see or touch your money.
If you tell her that's creating a big incentive her to leave you and win a big prize. If you have hidden your money offshore and it's close to impossible to find it or confiscate it by government then it matters a bit less.
How do you give the impression that your income is average while spending money on expensive things?
Pictures doing expensive activities... Not too sure.
What are some good ways to hide / protect your assets? (money, property, precious metals, etc)
This question is a an entire forum in itself..
Crypto cannot be confiscated. Offshore banks that don't conform to CRS. Others use offshore shell corps to buy things with, loan themselves money in their home country. Gift your assets to your parents or siblings.
I think the general idea is to put your wealth in jurisdictions where the government in the country you are living in cannot do anything to see or touch your money.
First rule - when you enter your private jet make sure to hold an old Soviet plastic traveling bag:
Then make sure that both your driver as well as your limo look poor:
Budget limo:
(The point about the underpaid limo driver is true as I worked for a guy worth 200 mio. $ and his driver could barely afford a meal at a restaurant - only wore old t-shirts and sneakers even on the job. )
Next point on the stealth wealth agenda - your hooker orgies have to be budget too:
You can hire Amsterdam's oldest hookers as your constant companions - no one will think that you are really rich, just a bit bizarre.
The final step is actually quite easy - you do a millionaire to homeless fake reversal:
That plastic bag he is holding to the right - that is filled with 500-euro-bank-note-bills.
You fake being a homeless guy and then enter your vast estate dressed like a bum. When someone asks you tell them that the owner lets you stay in the out part of his estate in a tent in the woods:
[img=640x480]https://popularresistance-uploads.s3.amazonaws.com/uploads/2014/02/1bal-e1393104663602.jpg[/img]
Note the proud display of American patriotism. Under the tent you find an elevator that leads you to your real home.
But no seriously - it does not matter if people know you are truly rich. Obviously you have to either keep it on the down-low or beef up security in some areas in the world, but generally it does not matter jack-shit.
Marriage is another thing - there are ways around this problem as well if you have the means to do it. Most divorce-raped men don't draw up a prenup or they are Blue Pilled morons.
Personally I find zero need for going undercover wealthy.
But the funny thing is that I knew a semi-autistic guy who did this by accident. He lived in a luxury loft with 3 room-mates and drove a middle-class car while having 10 mio. $ + in the bank. Whenever he brought women home they were not impressed with him having his room-mates around and he was already in his mid 30s, but he was weird anyway.
Then make sure that both your driver as well as your limo look poor:
Budget limo:
(The point about the underpaid limo driver is true as I worked for a guy worth 200 mio. $ and his driver could barely afford a meal at a restaurant - only wore old t-shirts and sneakers even on the job. )
Next point on the stealth wealth agenda - your hooker orgies have to be budget too:
You can hire Amsterdam's oldest hookers as your constant companions - no one will think that you are really rich, just a bit bizarre.
The final step is actually quite easy - you do a millionaire to homeless fake reversal:
That plastic bag he is holding to the right - that is filled with 500-euro-bank-note-bills.
You fake being a homeless guy and then enter your vast estate dressed like a bum. When someone asks you tell them that the owner lets you stay in the out part of his estate in a tent in the woods:
[img=640x480]https://popularresistance-uploads.s3.amazonaws.com/uploads/2014/02/1bal-e1393104663602.jpg[/img]
Note the proud display of American patriotism. Under the tent you find an elevator that leads you to your real home.
But no seriously - it does not matter if people know you are truly rich. Obviously you have to either keep it on the down-low or beef up security in some areas in the world, but generally it does not matter jack-shit.
Marriage is another thing - there are ways around this problem as well if you have the means to do it. Most divorce-raped men don't draw up a prenup or they are Blue Pilled morons.
Personally I find zero need for going undercover wealthy.
But the funny thing is that I knew a semi-autistic guy who did this by accident. He lived in a luxury loft with 3 room-mates and drove a middle-class car while having 10 mio. $ + in the bank. Whenever he brought women home they were not impressed with him having his room-mates around and he was already in his mid 30s, but he was weird anyway.
I've been on other sites that talk about hiding wealth and they all keep saying the same thing - that you need multiple set-ups because loopholes keep getting shutdown. They share many set-ups but don't share everything for fear of losing a good thing.
Here's one of the set-ups:
1) Buy gold privately
2) ship gold to country with no capital gains tax
3) deposit gold to bank in the same country under shell company
4) loan money to yourself using gold as collateral to your business in home country abroad
5) Make no profit because you had to pay down your own loan plus business expenses (your mortgage)
6) pay zero in tax
Here's one of the set-ups:
1) Buy gold privately
2) ship gold to country with no capital gains tax
3) deposit gold to bank in the same country under shell company
4) loan money to yourself using gold as collateral to your business in home country abroad
5) Make no profit because you had to pay down your own loan plus business expenses (your mortgage)
6) pay zero in tax
Deepdiver said:
Holding cash during inflation of the money supply is letting the government steal from you.
It's a very simple concept that boils downs to the pros vs cons of talking about how much money you have when you are wealthy. The cons are quite high which include;risking frivolous lawsuits, causing a rift with friends/family due to the wealth gap, being a target for people asking for money, and being suspicious that people are friendly to you because they want your money. The pros of flaunting/or talking about your wealth are pretty subjective in that in might give you a status boost due to impressing people, who probably you don't like anyways.
Rich people problems are a reason many of the wealthiest people/families tend to congregate in the same social circles and live in the same zip codes/neighborhoods. In those environments they can be comfortable with displaying their wealth and are less likely to experience the cons mentioned above.
Also, the average person has a terrible concept of what being wealthy really is and the lifestyle that is associated with being wealthy. This was touched on in one of the Thomas Stanley books. Essentially, the millionaire lifestyle that people conjure up is for Ultra high net worth people that have 30 million plus and there are only 225k in the whole world at this level. To this small slice global population they really can spend 50k a month on lifestyle costs or own a 5 million dollar home. That type of spending is a fraction of their net worth. Where as, a millionaire with 5 million dollars, wealthy in their own right, can really only afford a 1 or 2 million dollar home and maybe 10k a month on lifestyle.
Rich people problems are a reason many of the wealthiest people/families tend to congregate in the same social circles and live in the same zip codes/neighborhoods. In those environments they can be comfortable with displaying their wealth and are less likely to experience the cons mentioned above.
Also, the average person has a terrible concept of what being wealthy really is and the lifestyle that is associated with being wealthy. This was touched on in one of the Thomas Stanley books. Essentially, the millionaire lifestyle that people conjure up is for Ultra high net worth people that have 30 million plus and there are only 225k in the whole world at this level. To this small slice global population they really can spend 50k a month on lifestyle costs or own a 5 million dollar home. That type of spending is a fraction of their net worth. Where as, a millionaire with 5 million dollars, wealthy in their own right, can really only afford a 1 or 2 million dollar home and maybe 10k a month on lifestyle.
Remember it's not all or nothing. If everyone around you is on $10,000 p.a. and you're on $100,000, you can decide exactly what income you want people to think you have. You can tweak the amount to suit you, and give the appropriate impression.
re busted dudes
Sparrow
For me, I don’t post anything on Facebook that might give something away, I rent a decent three bedroom house for $1,000/month, don’t have a car anymore, and don’t really talk about how much money I make to anyone I know. I don’t even mention it online usually.
I haven’t really kept much from my GF as that seems weird and really, she doesn’t ask me to buy her anything.
I haven’t really kept much from my GF as that seems weird and really, she doesn’t ask me to buy her anything.
Vladimir Poontang said:
I read the first link. I agree that there is no cause to be ostentatious and in some cases, it can be dangerous. However, I don't agree that you should lie about your wealth and pretend to drive a shitty car to work or claim the stuff you bought are knock-offs, etc. If you have wealth then you earned it and should be proud and not living for the approval of others. Why would you be dependant on a job outside anyways?
I also don't agree that you should hide who you are to your very own wife. She should be a person who you can trust as she is also the mother of your children. It also doesn't take a lot of brains to see if a person is with you for your money or not and so what if they are to some degree? You like money too and that is why you want to be wealthy, right?
Zenta said:
newlife said:
I'm not saying don't be yourself, I just mean that you should give the impression of being average until you know you've got a girl who isn't a gold digger. Then, gradually, give the impression of becoming wealthier until you can be yourself and spend the way you really want to. But If you're very wealthy (relative to everyone around you) I don't think anyone, including your wife, should know the full extent. And everyone else should certainly never know.
For example, if your income is about $100,000 a year and you live in a non western country :
The impression you give (at first) : $10,000
The level that you gradually allow the wife to know about : $25,000
I can appreciate what you are saying but I prefer just being upfront with people. You don't have to flaunt it but you don't have to hide it. You certainly don't have to tell every stranger on the street how much you have in the bank of course and I'm not really talking about who you date. I am talking about a wife. It is just important to marry a person who understands what is important.
Cheers.
Cheers.
It depends on whether you and your partner come from similar backgrounds, for example my ex came from a similar background to me and we moved in the same social circles so we knew roughly what we were both worth which made it easier in deciding to live together, splitting up costs and taking holidays to exotic locales.Vladimir Poontang said:
If you're not from a similar background then keep schtum, don't mention anything about how rich you are nor do you overtly display said wealth. It's a recipe for disaster.
Buy key pieces and display only the key pieces, don't go overboard in the display.Vladimir Poontang said:
For example, a Patek is chill by itself but a Patek, Prada shoes and Canali suit screams rich.
Shield your assets through offshore structures/trusts, BVI to Jersey to Singapore offer such avenues however it's a costly endeavour.Vladimir Poontang said:
To summarise, if you're rich around poor people keep schtum as otherwise you're opening yourself to abuse and it's rather vulgar to prattle on about how rich one is but if you're rich around rich, keep in line with the social vibe around discussing such matters as again, vulgarity is disgusting.
Poker
Woodpecker
How do you guys present yourselves when it comes to how you dress? Say for example in EE, generally the fashion sense from the local men is somewhat lacking. So even walking around in say, a peacoat, shirt and dress shoes can easily make one stand out and appear to be wealthy in the eyes of many. Is altering your fashion sense to fit the area you are in something you do and if so to what extent?
Poker said:
If lots of haters are around you will either need to live in a fancy area and drive from A to B or just dress down.
It's not natural for a lot of guys to dress down if you have money but you will sleep better at night.
This all depends on how long he has had money or if he is from new old old money. New rich guys always like to show it off. Guys who have experience with money are more interested in buying things for their quality, functionality and convenience.iThinkThereforeIam said:
Showing off your wealth it is a sign of an inferiority complex and if you live in a poor area then ift can bring you danger. However, I do not believe you have to or even should live the "stealth wealth" way if you really have it. What is the point of working hard and smart to becomes rich if you have to lie about yourself and hide what you have? Just buy a house in a nice gated community and enjoy life, you earned.
There's a way to not hide what you have, while also hiding it. You simply segregate your social life. You have wealthy friends who you can relax with and be more open about what you're up to and how well you're doing, and you have other friends, people in the majority, that you conceal certain things from. The wealthy ones won't take advantage of you because they've got their own wealth and they'll treat you normally because you're the same level as them, and the regular folks will appreciate you as a normal person too because that's all they'll see.
BallerPoker said:
Think 'Hypebeast', brands on display, ostentatious look, ensuring everyone knows my wealth, this is very rare that I dress this way, it's rather disgusting and I'm often uncomfortable wearing it but sometimes the occasion demands it.
Day to Day
Tee, jeans and sneakers or OCBD, chinos and Derbys, both are accessorised by my Rolex DateJust.
During A/W I layer up but it's all tailored so it doesn't hang weirdly, I also tune the clothing colours to that of my colour wheel and what suits my skin tone.
Work
Poplin/Twill white shirt, tailored dress trousers, Church's black Oxfords with silver monogram cufflinks and a black strapped JLC Reverso.
With day to day and work, I don't change that, I don't care if I'm in the poorest of areas, I'll wear it, a lot of it doesn't have logos and if you know, you know but if you don't know, you wouldn't be able to tell the difference as a layman so why bother changing it up? Baller is only worn on particular occasions, I wouldn't rub it in a poor persons face that they're poor, it's not polite.