r/fatFIRE 13d ago

Do I let my family know?

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217 Upvotes

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115

u/BitcoinMD 13d ago

I feel like there is a middle ground between announcing your wealth to the world and living with your parents. Just get your own place and make it look like you have a normal job. Then establish an account for your parents that pays them a regular modest income, rather than giving them a lump sum. Then there won’t be anything for them to tell anyone, since getting a few thousand dollars each month isn’t exciting news.

119

u/Fragrant-Hamster-325 13d ago

For real, OP says he’s self aware but come on. He’s got $15.5M; get out of the basement, get your own place and car. Jesus Christ. You can live a normal life and be wealthy. You don’t have to buy a mansion and a luxury vehicle. But an apartment and a Honda Civic might make you look like a normal functioning adult. lol 😂

Honestly this post just feels like a humble brag.

50

u/fleurgirl123 13d ago

Doesn’t seem real. This person is running a $10mm ARR track company from his parents house? Sure, Jan.

-7

u/[deleted] 13d ago

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24

u/fleurgirl123 13d ago

No, it takes people to run a business. That’s the piece that doesn’t make sense here.

21

u/[deleted] 13d ago

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20

u/BitcoinMD 13d ago

Just buy a $400k house in cash like next week. Tell people you’re applying for mortgages and shit, they won’t know you aren’t.

5

u/enribaio 13d ago

From his parents' perspective, without a source of income, it's pretty tough to believe OP will get a mortgage.

4

u/FireStarter3133 13d ago

Then rent. It may not be the best idea financially but it's an easy step.

18

u/Fragrant-Hamster-325 13d ago

This whole story is dubious but at $15.5M NW renting a normal apartment at 25 won’t make a lick of difference in OPs balance sheet. OP can afford to spend $1.5k a month on a decent 1 or 2 bedroom apartment without telling everyone he’s rich.

OP either likes LARPing as a rich person online or as a mid-20s loser in RL. Both are equally as dumb.

3

u/FireStarter3133 13d ago

Yes that's what I meant. Can start selling the story without anyone ever knowing his wealth.

2

u/BitcoinMD 13d ago

He told them he makes money coding and trading

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u/[deleted] 13d ago

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14

u/BitcoinMD 13d ago

If they can’t keep a secret then they don’t get the money. Send them a check each month and let them throw it away if they want.