when you get rich, tell NO ONE
This video is about Quiet Wealth, and why you should NOT tell anyone when you get rich or wealthy.
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WHO AM I?
Hello 👋 I’m Humphrey, I used to be a financial advisor, worked in gaming/tech, and started my own eCommerce business. I make practical, rational content on investing, personal finance, the news, and much more with a data-backed approach. My goal is to help you with financial literacy and creating wealth.
PS: I am no longer a current Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel!
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⏱️ Timestamps:
0:00 – Start Here
1:19 – Privacy & Security
3:45 – Friends for the Wrong Reasons
5:25 – Keep Relationships Happy & Stable
7:40 – Keeps You Grounded
8:47 – More Pressure Later On
10:04 – What To Actually Spend On
Didn’t and still don’t. GF doesn’t even know. Best move I’ve ever made.
Yeah she doesn’t get to know until/when/if you’re married.
@kylehackett162 even then maybe wait another 10 years. Don’t want to give incentives for divorce or strangly unfortunate accidents. 😅
They know now
@@kylehackett162 and even then, make her sign a prenup before you get married.
Weird flex
The cheap car towing a Lambo is actually cool
never seen something like it
@BondTheOGYT
My friend has Mustang furd and small cheap corrola
The thing is this 2000s Toyota will run years after the Lambo is out of the streets.
@@lgner
So what nobody is gonna care about the Toyoto. People rent Lambos and Ferraris for reason.
This is a man who values the journey, not the destination! Plus, saving money!
Agreed as I acquire wealth slow and steady I speak less and move quietly in my Toyota Camry. All I have left is my mortgage in 5 years. Age 32m.
You just told youtube viewers dope
🎉🎉
I try to abide by this rule with everyone I know, but where I’ve run into slight problems, is with my parents. These are the people I’m the closest to and know the most about me. Even though I wouldn’t classify myself as “wealthy” I’m several leaps and bounds above my parents. I still have to budget and stay in control of my funds … IF I ever want to retire. My parents have started to make comments like … oh you have plenty of money don’t worry about spending on … such and such (something related to them). They seem to make the assumption that I’m just out here buying Bentleys and traveling the world, when in fact, I save, work a lot, … and frankly don’t do much else.
Hope you get to enjoy life as well as working hard & saving and industrious stuff. :p
An old timer once told me, never give up your cards and never show your cards 🃏🃏
Some people want you to do well UNTIL you start doing better than them. Then they get weird. Especially family. I’m not super wealthy but I’m doing ok. Everything I do is low-key and plain except for my sports car that I treated myself with.
A sports car huh? So low key! So modest! Rich a******.
@@Rew123I used to have sports cars when I was poor. Or maybe I was poor because I had sports cars. Either way, I don’t assume anyone driving a sports car is rich.
I just posted about my dad but this is my mom too. She’s as noncommittal, vaguely supportive as can she can manage but once you prove you’re outperforming her? Now you’re an elitist who needs to be taken down a peg and the target of her short temper especially if its money related.
@@k5sss Any Poor person or True Christian would sell their sports car and be CONTENT with a beater!
@@Rew123true Christians don’t curse either. And while there were rich people in the Bible with hundreds of cattle etc, I do see your point to an extent.
Rule number one: never let anyone know how much money you have, because money makes people jealous — especially if they’re broke, they might rob you.
A corollary to this is: and 60% of the people are broke.
Especially your own family. I made a lot of money after working hard and taking some risks. I made the mistake of telling my brother, he was al over me trying to get my money and trying to make me feel guilty if I didn’t give it to him. I told him to go make his own money. Now he is jealous and won’t talk to me.
Learnt this the hard way 😢
@ and it doesn’t even have to be rich. When I was younger, and hanging with the wrong people, I learned that even having a fat wallet drew the scammers and grifters, if only til your wallet was empty again.
Been struggling with my adult kids seeing me as an atm. I recently found this quote accredited to Warren Buffett- “If your phone doesn’t ring while you are struggling, don’t pick up when you are winning”. I literally starved at one point in my life and I get struggling, but just do not let absolutely anyone have any idea you are doing well, as hard as it may be.
@@Chahlie 100%
hi @chahlie , its ur long lost son LOL
If your children are struggling, help them out. If they’re not, then you can involve them in succession planning later in life.
there’s a fine balance as long as you see genuine need for education/business idea or health issue. that’s when you can assist obviously ignore 99% of the mundane atm request
Stealth wealth, I love it. Great video Humphrey
I’ll never forget when I starting typing in professional athlete’s last names in my county’s auditor website. You can see where everyone lived if they owned the house in their name.
2 Og’s which followed ✌️
I wouldn’t say I’m over overly wealthy by any means I’m 27 and debt free and starting my journey of investing in saving. But I kind of find a power in love talking to people about my finances because I want to help friends and family do the same thing. They may not know the exact number of dollars I have in my bank account, but I try to be transparent with finances because people hide that information so much and I think it can do a lot of good and helping others like me who did not come from a financial background parents were bad with money and it’s all self-taught
I’m glad you’re doing well, but what I found was that no one listens to you, and they assume you have more money than you do and try to mooch.
I’m in a similar boat to you, but I’m a little younger and have been investing for almost a decade now. What I usually do is teach people how to get started investing, and how to get themselves prepared (out of debt, fixing bad money habits, thinking of today and tomorrow instead of one or the other) for their future.
I have taught probably 15-20 of my friends over the years, and they haven’t asked about where I am financially, not a single one. I think it’s because when you speak they realize how little they know about finances, and maybe just think it disrespectful to ask. Though I’m pretty transparent too.
Whenever I share my finances I usually share what it previously was some random year(s) ago.
When talking with people, what they reslly need isn’t to know your wealth, it is financial education. And they gobble it up once you show them the power of their long-term investing.
I agree
Just speak in general terms. It’s good for people to know they don’t have to work till 65. If you start young and are serious, most can retire at 50. I never really thought that was a possibility. But, through diligence, I retired at 56. Not wealthy but no worries of running out if money. As long as I’m not stupid. Turn them on to finance channels on You Tube.
Totally understand, you want good for others too 🥰. Keep helping just talk in general terms and share some struggles too, that’s what I do. “Nah not eating out I’m a little short this month” ( yes cause I invested strong when the market dropped) , not lying
I’m not rich but doing very well, finally. I learned this first hand with my own mother.
“Rich” is in the eye of the beholder. The poorer someone is the less it takes for them to think you are rich.
Real G’s move in silence like lasagna.
Lmao wtf
Lmaooooooooooo wtf@@Oussennessuo
@@Oussennessuo Wayne bar
In my mid 20s and am about to start my career as a lawyer. I needed to hear this, thank you
My biggest benefit from building wealth was taking a pay cut to leave my stressful 60 hour per week job for a more enjoyable 35 hour per week job, which has greatly improved my happiness, relationships, and health. And due to compound interest, I’m still building wealth even though my savings rate is a lot lower than it used to be.
👈👈📖BIG THANKS
I want to be rich to own my life. I want to be able to wake up and decide what I want to do, not be forced to go to work. Money buys you freedom above all else.
👈👈📖BIG THANKS
But that’s the thing: you already can. You don’t need money to do this. Money is for comfort
Walked into a dive bar in Bellevue Nebraska during their “Reuben Fest” and was shocked to see Warren Buffett just eating with normal people. You’d never know he was a billionaire if he wasn’t Warren Buffett.
👈👈📖BIG THANKS
Getting rich is only half the battle—keeping it is where most people fail. The moment others know about your wealth, the expectations and requests start pouring in
Money changes relationships, whether you want it to or not. The fewer people who know about your success, the fewer problems you’ll have to manage.
Ever noticed how lottery winners often end up worse off? It’s not just bad luck—it’s poor planning and trusting the wrong people
Privacy is the ultimate luxury when you have wealth. The more you share, the more you invite scrutiny, jealousy, and even financial predators
Smart wealth-building isn’t just about making money—it’s about protecting it. That means keeping quiet and having the right strategies in place
A lot of people think they can handle wealth alone, but without the right guidance, even the biggest fortunes can disappear fast
My husband and I paid off our home in our early 30s and made the mistake of telling a family member who was struggling financially, who we thought would be happy with us. It led to a strained relationship for a few years, and we learned an important lesson. We keep our financial situation private now.
What’s crazy is that after reading Invisible Laws of Prosperity, you realize how much you were missing out on. But it’s never too late to evolve. That book holds incredible insight, it really shifted my perspective. I feel more confident and driven toward my goals now.
One of the best books i’ve read
love it
I heard about that book before
thanks for sharing
Will definitely check it out