Comments on: What “Stealth Wealth” Are You Hiding?

By: J. Money

J. Money — Fri, 01 Mar 2019 14:47:29 +0000

In reply to Nic.

Interesting ones for sure!! And really there’s no “right” answer so I’d say you’re doing things just fine as better to be overly conservative than not ;) for the 529s we figure it’s really not our money anymore as we’ll be giving it to our kids (hopefully!), and if for some reason it comes back to us, well, we’ll just add it back in *then*. That’s the nice part about all this stealth wealth – it can always be incorporated in at a later date when it makes more sense!

By: Nic

Nic — Thu, 28 Feb 2019 18:00:28 +0000

Love the “Stealth Wealth” idea. One that I was recently thinking about (trying to decide if I should add to net worth or not) was my HSA account and my Dependent care FSA account as I typically allow them to accumulate as much as possible. My Dependent care FSA I typically clear out at year end….but until that happens, it’s like a stealth savings account for myself. On the HSA front, that account continually grows and I disregard it when tracking net worth.

Still have a hard time trying to figure out the 529 savings plan and whether to include that in my wealth or not, I haven’t to this point so I figure I’ll leave it until I see good reasoning to include it in my financial picture.

By: J. Money

J. Money — Tue, 26 Feb 2019 11:56:35 +0000

In reply to Mr. Refined. Haha... sounds about right :)

By: Mr. Refined

Mr. Refined — Mon, 25 Feb 2019 16:23:13 +0000

Stealth wealth is the way to go. I love surprising people around the cocktail table when the topic of investing comes up. I have learned to take there comments as compliments. “Dang I had know idea you no so much about investing! You drive an old rustly Honda.” Apparently investing IQ was exclusive to non-Honda drives.

By: J. Money

J. Money — Fri, 28 Feb 2014 13:13:37 +0000

In reply to theFIREstarter. haha.... next time we hang out, beers on you! ;)

By: theFIREstarter

theFIREstarter — Thu, 27 Feb 2014 19:18:15 +0000

In reply to theFIREstarter.

Apologies for the terrible spelling. Damn phone!

*buy ridiculous junk
*lost a packet

By: theFIREstarter

theFIREstarter — Thu, 27 Feb 2014 19:15:55 +0000

In reply to Broke Millennial.

All about the stealth wealth here! Most of mates think I don’t have a pot to p**s in I am sure because I don’t go out and but ridiculous expensive junk all the time. Ah well.

I used to gamble quite heavily and learned quickly to conceal any big wins if I could. “Beers are on you then” was the common phrase…. Ermmm hang on a minute I don’t remember anyone buying me a beer last week when I list a packet?!

People are ridiculous indeed! :)

By: J. Money

J. Money — Fri, 15 Nov 2013 16:29:05 +0000

In reply to Blair Illiano.

Yeah man! The old stuff (1800s) is my fave, but I like all kinds of coins and currency really :) Why – you want to send any to me for my birthday? Haha…

By: Blair Illiano

Blair Illiano — Fri, 15 Nov 2013 05:07:47 +0000

Great post, J! And everything one owns definitely doesn’t need to be added to one’s net worth. Telling people about one’s wealth is a big no-no for me too; mostly because of changes in their attitudes and in the way they perceive you. It can be annoying. And I didn’t know you were into numismatics! What kind of coins do you collect? Any particular preference?

By: J. Money

J. Money — Wed, 13 Nov 2013 15:32:52 +0000

Haha, TRUTH.