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<blockquote data-quote="bacon" data-source="post: 1273427" data-attributes="member: 3632">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.&nbsp; 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.</blockquote>

[QUOTE="bacon, post: 1273427, member: 3632"] 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. [/QUOTE]

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