I don’t shout about my assets.
We all have encountered people who boast excessively, always showing off, who denigrate others. These are the kinds of people who flash their possessions, the symbols of their wealth. It seems they confuse what they have, and who they are. These are not people I usually warm up to.
In fact, I would steer away from them.
Less Talk, More Comfort
For me, calmer is a better way. I don’t buy flashy sports cars, I don’t buy high fashion clothes, I don’t wear fancy wrist watches, and so on. That’s just me.
The common phrase is stealth wealth. Keeping my private information private.
For many reasons. We all know stories of lottery winners who suddenly are confronted by relatives, neighbors, friends, and so on, who start to pester them for money. Similarly, we can easily become targets for scams and calls for handouts when others know about what we have accomplished financially. The way to avoid this situation is to keep as much information as possible to ourselves.
We cannot avoid some disclosures. For example, like it or not, credit bureaus know all about our financial condition. Banks, credit card companies, and so on, have this information as well. Scammers can and do access this data. So our goal is to be vigilant and protective.
It is appropriate, in my view, to not make the situation worse. As such I shred rather then simply throw away when discarding paperwork.
Family and So On
There’s a time and place for revealing data. One of these times is family under the appropriate circumstances, for example, estate planning. Similarly, during legal proceedings, it may be necessary to be transparent.
The Short and Long of It
Being OK with not talking about what I have took some time. It is an acquired taste to keep it to myself, so to speak.
In some conversations with close friends, I have talked about these topics. What comes to mind is trust. Is this a person someone I can be comfortable with that the conversation does not turn into boasting, or one-upsmanship, on either side? When appropriate, these kinds of talks can be supportive in many ways. It all depends on the person and the context.
How do you handle talking about your assets? Let me know here.
Chayote is a vine-growing squash.
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