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Old 12-01-2007, 10:57 AM   #1
hateman
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Rule #1: NEVER admit wealth to anyone: Friend or family.

If you want to help someone out, do it


Rule #2:
See rule #1
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Old 12-01-2007, 10:59 AM   #2
Retributi0n
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what if they already know?
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Old 12-01-2007, 11:08 AM   #3
hateman
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Quote:
Originally Posted by Retributi0n View Post
what if they already know?
Then it sucks to be you.

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Old 12-01-2007, 11:12 AM   #4
xmas13
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The more beggars around you, the richer you are

And if you dare refuse, they won't talk to you anymore.

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Old 12-01-2007, 11:15 AM   #5
hateman
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Quote:
Originally Posted by Retributi0n View Post
what if they already know?
Seriously though:

You make casual comments that you have lost the majority of it in the market and taxes. That what is left is tied up in INSERT HARD UNSELLABLE ASSET HERE.

Even if you are making money hand over fist in the market - NEVER admit it to anyone. People get bitter, they feel entitled to let you pick up the tab. Always live below your means.

I have a friend who was once a multi-millionaire, the biggest mistake he ever made was to tell people about it and the loans and shit got way out of hand. He got crushed liquidating good stock positions to give loans that never got paid back.

Don't even tell your wife how much you have. Hide it.
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Old 12-01-2007, 11:16 AM   #6
D
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Quote:
Originally Posted by xmas13 View Post
The more beggars around you, the richer you are

And if you dare refuse, they won't talk to you anymore.



The last guy I gave a 5-spot to approached me at the gas station.

He said "Hey man, can I have a few bucks for a beer?"

I found the honestly refreshing, so I broke a personal rule, and gave the guy some cash.
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Old 12-01-2007, 11:37 AM   #7
[ScreaM]
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I never tell anyone.
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Old 12-01-2007, 12:02 PM   #8
Vick!
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I already follow that rule.

People will start asking for loans and will hardly pay in-time. And if you refuse, your relationship is fucked.

Not just wealth, I keep my everything to myself.
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Old 12-01-2007, 12:18 PM   #9
Kron
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Originally Posted by Vick! View Post
People will start asking for loans and will hardly pay in-time. And if you refuse, your relationship is fucked.
This is so true, I lost few dear friends
so, now I have rule to not tell how much I have, and no loans.
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Old 12-01-2007, 12:59 PM   #10
VeriSexy
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Quote:
Originally Posted by Vick! View Post
I already follow that rule.

People will start asking for loans and will hardly pay in-time. And if you refuse, your relationship is fucked.

Not just wealth, I keep my everything to myself.
Sad but true
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Old 12-01-2007, 01:27 PM   #11
alexweb
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good rule !
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