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Why Stealth Wealth Is Best

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  • Why Stealth Wealth Is Best

    http://www.cnn.com/videos/us/2017/06/06/swat-bust-on-facebook-live-orig-vstan.cnn

    I think Physician on Fire will appreciate this.
    An alt-brown look at medicine, money, faith, & family
    www.RogueDadMD.com

  • #2
    My husband just completed two weeks of jury duty and social media was used to help convict the head thief who was sentenced to 55 years in jail. The thief stole cell phones and made thousands selling the stolen phones. He foolishly posted face book photos of himself with hundred dollar bills in his mouth and posted "rap" videos of himself talking about stealing and showed money lying around all over in the rap videos. The face book posts and rap videos were shown to all the jury members.

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    • #3


      He foolishly posted face book photos of himself with hundred dollar bills in his mouth and posted “rap” videos of himself talking about stealing and showed money lying around all over in the rap videos.
      Click to expand...


      Do you live in Vegas?  Maybe he thought all the comments would stay there?
      An alt-brown look at medicine, money, faith, & family
      www.RogueDadMD.com

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      • #4




        He foolishly posted face book photos of himself with hundred dollar bills in his mouth and posted “rap” videos of himself talking about stealing and showed money lying around all over in the rap videos.
        Click to expand...


        Ha! Tough to imagine a more polar opposite to Stealth Wealth. Funniest part is you probably saw every bit of his wealth on those videos. Ill gotten and probably  "stealth poverty."

        That post that I linked to is the most popular post I've written to date, largely due to this 332-post Bogleheads thread on the topic.

        Thanks for the CNN link, @roguedadmd. Funny stuff!

         

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        • #5


          Ha! Tough to imagine a more polar opposite to Stealth Wealth. Funniest part is you probably saw every bit of his wealth on those videos. Ill gotten and probably  “stealth poverty.”
          Click to expand...


          I read that post when you wrote it and it's still one of my all-time favorites re: personal finance from anyone.  Not an exaggeration -- I immediately thought of it when I saw the video.
          An alt-brown look at medicine, money, faith, & family
          www.RogueDadMD.com

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          • #6
            LOL!  Seems like Facebook might be playing a role in natural selection these days

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            • #7






               
              Click to expand…


              Do you live in Vegas?  Maybe he thought all the comments would stay there?
              Click to expand...


              No, not Vegas! Just in Houston, Texas where Face Book videos posted by the thief were all being collected by the Houston police. The criminal's name is Terrance "T Street" Edwards. He's only 26 years old and was sentenced to 55 years with no chance of parol for 26.5 years.




              Ha! Tough to imagine a more polar opposite to Stealth Wealth. Funniest part is you probably saw every bit of his wealth on those videos. Ill gotten and probably  “stealth poverty.”

               
              Click to expand...


              T Street should have practiced stealth wealth. I guess he was too busy stealing phones and neglected to read your post PoF.

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              • #8
                Stealth wealth is the best wealth...It is amazing how many people want to flaunt their money. All pretense and no substance. I try to practice stealth wealth, particularly when I travel. No need to draw attention to myself!

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                • #9
                  A friend of mine was asked in a malpractice trial "how do you like driving that porsche of yours Dr. ####".  Not a problem for stealth wealth.

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                  • #10




                    LOL!  Seems like Facebook might be playing a role in natural selection these days
                    Click to expand...


                    I think all social media plays a role in natural selection of sorts.  Just take a look at those 10 Harvard students they subsequently rescinded offers for because they were posting asinine memes.  How dumb can you be?  Best thing is to avoid social media at all costs.  For the most part FB is just a mechanism for validation, silly arguments, and to make people feel more important than they are.  Stay stealthy, my friends!

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                    • #11
                      Keeping your lips sealed about your money is just as important—maybe more important—when dealing with close family.

                      Sure, they know you are a doctor, but unless you discuss actual salary and nest egg numbers, they probably just think of you as generically wealthy. We found out the hard way when my lovely wife let slip some details about the sale of her practice to her sister. We have been straight out asked for not-insignificant financial assistance 4 times since.

                      Her family has honestly needed the help and we obliged without complaining or expecting to be paid back. However, I wonder if she would have found another source for the money had she not known our financial situation.

                      Agree with EJ that I especially try to look shabby when traveling, including buying the crappiest luggage that stays together. If someone in luggage handling is gonna swipe something, you better believe they are gonna try the Tumi first.

                      This also reminded me of an SNL skit for the "chameleon XLE" car, a true stealth vehicle:

                      http://www.nbc.com/saturday-night-live/video/chameleon/2859849?snl=1

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                      • #12
                        I'm not sure a thief getting caught because he posted videos of himself admitting to the crimes is an argument for stealth wealth.

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                        • #13
                          Jhwkr-- it is supposed to be funny. However I don't think the guy in this CNN video admitted to crimes. However he's making himself a target for criminals even if he fit the money legally (sounds like he didn't).
                          An alt-brown look at medicine, money, faith, & family
                          www.RogueDadMD.com

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                          • #14
                            Dr. C -- Costco luggage. Cheap, sturdy, and scratches up just enough to make people think you have no money while still looking decent.
                            An alt-brown look at medicine, money, faith, & family
                            www.RogueDadMD.com

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                            • #15




                              I try to practice stealth wealth, particularly when I travel. No need to draw attention to myself!
                              Click to expand...


                              It may be overkill, but I got a new suitcase before a recent trip... and promptly applied a few pieces of duct tape to random corners just to try to devalue it in the eyes of any thieves.

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