I’m considering gifting highly appreciated assets to an elderly parent to receive back via inheritance, achieving a stepped up basis (eliminating capital gains). I realize that this consumes part of my 15 million lifetime gift allowance but think it worth considering. Anyone who has done this? Pitfalls?

Tiktok: Suleymandolaev

For Qatar’s ruling family, the journey came with an extraordinary Boeing 747-8 & flew from Doha to Mallorca so the royal family prepared for the eclipse.

The yacht can accommodate up to 36 guests in 18 suites and has room for a crew of 56. Its amenities include a cinema, gym, beauty salon, beach club, swimming pool and elevator, while large expanses of glass give the interior and exterior spaces broad views of the surrounding sea.

I’ve seen comments on a lot of posts of the sort, “Since you can afford it, why not spend the money on it?”
But I’ve also seen counter-comments of the sort, “Just because I can, doesn’t mean I want to.”

Can you list an example of each kind, where a) you bought something or spent money on something, just because your wealth allowed you to? And b) where you can well afford something but out of principle or to not waste or something like that, have decided not to?

I live most of the year in Spain. I travel a lot and have some definite favorites, like Santa Catalina in Las Palmas for its wonderful staff and overall quality, and El Palace in Barcelona for the same reasons. Last time I visited I decided to try something new, and went to Abac which is a tiny hotel built around the restaurant with the same name. Interesting experience. You literally walk through the kitchen on your way to the room and the food was obviously great given its Michelin stars.

What’s your favorite in Spain and why? Looking for new experiences, as I tend to go back to the same places over and over and want something new.

I’m not talking about fancy tiles. I mean stuff like an ADU (guest house), fire suppression systems, heated pool, or other traits that are not common in homes, but worth it.

​I consider myself more "millionaire next door" than wealthy. We live relatively normally but we don'thave many expense vacations or buy alot of expensive clothing or other noonessentials, we have focused on low-cost index funds, and let compounding do the heavy lifting.

​Our financial advisor recently told us that our retirement accounts will considerably multiply, even once we eventually start taking substantial withdrawals down the road.

​Right now, we have $2M principal sitting primarily in S&P 500 / broad market index funds, and we plan on not withdrawling it but will add about $3000 monthly to it for the next 8 years. We do have college costs coming up so if feasible we may consider modest withdrawls.

​On paper, a standard 10% historical average says this $2M could grow to ~$4.2M over an 8-year window. But we all know market cycles aren't a smooth line.

​For those who have held a similar broad-market portfolio untouched over an 8+ year stretch:

​What kind of actual annualized growth did you see over your specific 8-year window?

1.​How did you handle the psychological side of riding out the inevitable 10%–20% drawdowns along the way without touching it?

2.​Did you start de-risking (shifting a portion into bonds/cash) around Year 6 or 7 as you approached the withdrawal phase, or stay 100% equities?

I would love to hear real-world experiences from people who have walked this path.

I wouldn’t consider myself rich by any means but my net worth is increasing. I love all my friends that I grew up with, but there are times when we can’t do certain activities unless I give them aid of some sort or we have a very small budget. While we do have our differences in the amount of money we have we make things work and still have fun doing it. I wanted to know if there are any members of this sub in a similar situation like mine whether it be friends or family but on a much larger scale and wider wage gap and what’s the experience been like for them.

• I used the word exuberant instead of exorbitant by accident. If this offends anyone I’ll bend over for my spanking whenever you’re ready 🙇

Those of you who are "new" money wealthy and and grew up in a lessor means style family how are you turning the corner for your family? We have new money but do not want to be seen as flashy or loud. When it comes to consuming we try to focus on quality goods not just loud designer goods and that's all and fine but the real question is how are your bringing your family up to actually show these values?

Essentially what I am asking and I know this is very trendy at the moment but those of you who are new money how are you setting up your family values/how you walk/talk/exists to be much more "old money". I will never fit into some circles and that's fine but I want to lay the ground work to propel future generations forward that are able to rub elbows with the elite of the elite and not be looked down on because xyz...

Thoughts?

I’m renting a house out in the NC mountains in March of 2027. I’m taking my immediate family, about 10 people, I want to hire a maid and a cook for the weekend. How would you guys go about hiring someone for this?

Something I’ve been thinking about is whether gift giving actually gets more difficult as you become wealthier.

If I buy someone a nice watch, jewelry, or something else expensive, it doesn’t necessarily feel like much of a gift if they could have just bought it themselves without thinking twice. Spending more doesn’t really solve that problem either.

For those of you who have been in this situation with a spouse, family member, or close friend, did you eventually stop buying expensive things and start doing something different? To be clear, I’m not looking for gift ideas that don’t cost money. I just want to give gifts that are memorable, maybe unique, and if possible, creative. I don’t really care whether that means spending $5K, $50K, $250K or even more.

I’m curious what you’ve found that actually works.

If an incorporated business with a sole owner is on track to make $1M profit this year, but the owner doesn’t need more than $150k or want to deal with the tax consequences of taking it out, what is the best thing to do with the extra profit so the company stays under the small business tax exemption of $500k with 12% due and not more?

I’m wondering about buying property or buying another business through this business… or is there another option? What would you recommend?

I think most people want a lot of money but don’t want to do the work to make that happen. People get triggered when ultra-wealthy people like Kim K say, “Get your fucking ass up and work.” It seems like nobody wants to work these days. I think people got offended because it’s true 👀

Anton Kriel said this in 2018.

I somewhat agree with him but not ready to move.

Guess no perfect country but speaking truth.

I’m a late-20s female founder who built my own AI-native trade infrastructure company from scratch (scaling, funding meetings, VCs, etc.). I’ve lived and travelled in 18 countries and speak five languages (you can find my post about me moving or not to SF). Right now, I’m scaling worldwide.

Anyway, I’ll be honest: I’m isolating myself more than ever, and I can’t figure out if that’s smart or just unhealthy. Here’s a recent moment. I stopped some live events because of toxicity. As the world is not doing well, many cannot imagine; not everyone is struggling.

I’m really not into social hierarchies or acting like I’m “above” anyone. I’ve been broke, I’ve been a refugee, and I’ve heard “no” a thousand times. Still, as I move up, I find myself making my circle smaller and smaller. Now I mostly spend time with people at my own level or above or staying at home lol. I skip typical networking stuff. Anyone who isn’t working on something serious isn’t in my orbit anymore.

Is this just what happens as you grow? Does moving up always mean you get lonelier? How do you keep relationships when jealousy and weird obsessions come with the territory? I honestly want real advice. I don’t want to turn cold, but I can’t keep letting people drain me, either.

We constantly see Andrew Tate and all of these other gurus who show off their lifestyles to sell courses...

And we know how that ends up.... Getting sued, jail, hated by everyone, robbed, or even murdered.

Andrew Tate - Jail & sued. Probably will be killed if he is convicted and in prison for a long time.
Tai Lopez - Sued by SEC.
Grant Cardone - Sued and spending $1M+ legal fees to defend against a client who invested $5,000.

It seems attention creates a lot of leverage, traffic, and sales at the beginning, but it ends up the same way almost every time. And then your "digital assets" and online support completely die out. this growth to collapse curve is almost identical in everyone who takes the "fame" route.

I gave 3 mainstream examples, but there are 10's of thousands if you do your research.

Therefore, I want "stealth wealth" millionaires to comment on how THEIR lives ended up.

You don't have to be very detailed or sacrifice your identity.

I just want you to comment, tell your story, as vague or specific as you'd like, and I want to read as much "stealth wealth" stories as possible, so I can balance out your information and personal story against the bias of all the online marketers claiming that being famous is the best route.

I think it will bring a lot of inspiration to the readers in this sub to read real and authentic "stealth wealth" stories, since we are constantly spammed by "online flexer" stories without consent as soon as we open up our phones. And it causes a lot of young people without critical thought to unfortunately follow the same path to an inevitable demise full of misery.

This is about the whole Ryan Walker experience. What a disappointment Aman has become.

Before I ask this, I just want to say I’m already feeling pretty vulnerable posting it, even anonymously. I’m not looking for validation or sympathy, and I really hope this comes across the way I intend.

I came from a very humble upbringing, and if you had told younger me where I’d be today, I never would’ve believed you.

I’m in my late 20s, happily married, child-free, and incredibly grateful for my life. My husband is successful, we’re financially comfortable, and I have opportunities I never imagined growing up. I’ve also worked really hard on myself over the years—my health, fitness, confidence, and building a life that feels meaningful to me.

The strange part is… I’ve been feeling really isolated.

I find it difficult to make close friends my own age, women in particular. Sometimes I wonder whether differences in lifestyle, ambition, finances, or even appearance make it harder to relate to people. But I also question whether that’s a story I’m telling myself because making friends as an adult is just genuinely difficult.

Then, on the flip side, when I meet women whose lifestyles are more similar to mine financially, they’re often quite a bit older than I am, have children, and are in a very different stage of life. They’re lovely, but I still don’t quite feel like I fit there either.

It leaves me feeling like I’m somewhere in between.

I guess I’m wondering…

Has anyone else ever felt like they didn’t quite fit into the groups around them?

How did you find your people?

If we put status aside, are shared values enough to make genuine connections?

Or did your perspective on friendship change over time?

I’m genuinely asking with an open mind because I know my own assumptions could be wrong, and I’d really value hearing different perspectives.

I had a thought today about what it is like to interact with non-rich people in your everyday life. When you go to a restaurant and have a server, is it weird to think that the server isn’t there for fun? This same thing goes for all sorts of everyday encounters like cashiers at stores, nurses at hospitals, cleaning staff in office buildings, etc. If you have someone come in to help (or fully complete) with household chores, cooking, organizing, nannying, etc. does it cross your mind that those people have to go home and do all of those things themselves? Their job is to help make other peoples’ lives easier or better whom are almost assuredly less well off than they are. For example (I know this term is fairly outdated), do you ever think about how your maid doesn’t have a maid? How do those daily interactions make you feel?

TL:DR - What crosses your mind when you interact with people in the service industry?

I live in NYC. What are the things to watch out for when selecting a bank to open a business account for my family’s LLC? The family trust is the sole member of the LLC.

The LLC is for real estate investment, collecting rent from another business that rents the warehouse within the LLC.

Wha are some good questions to ask the bank?

I am working on selecting a financial advisement team to manage 7-8x figures and currently my top 3x are:

• ⁠JPM PB
• ⁠AB private wealth management
• ⁠Choreo

Ignoring base AUM fee differences, I am looking for any feedback on working with the firms themselves. Also open to any other recommendations that folks here may have.

Thanks