Practice Undercover Wealth
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- čas přidán 26. 07. 2024
- Timecodes:
0:00 - Intro
0:13 - Drive Undercover Car
1:30 - Practice Unassuming Style
3:10 - Splurge Quietly
3:50 - Avoid Private Clubs
5:17 - Join Community Groups
6:20 - Careful Discussing Money
7:07 - Careful Discussing Career
8:20 - Use Social Media Carefully
8:48 - Give Quietly
9:41 - Teach Humility
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DISCLAIMER: I am not a financial adviser. These videos are for educational and entertainment purposes only. I am merely sharing my personal opinion. Please seek professional help when needed.
Splurge quietly is one of my favorites. You can bring great joy to yourself and your family by being frugal on big ticket items like your house/car, but splurging on a good water filter, nice couch, quality mattress, high-end tooth brush, etc. Spend money where it counts.
Consumer goods? 😂
How did you know my bucket list
I got everything but I’m not really care high end tooth brush. Any brush is fine I still need 3 min brush time duh
Those don't cost very much though.
@@vibe_tube3634 you need to get a sonicare and boka toothpaste.
Practicing “undercover wealth” is a sign of having class.
I really like those $9.99 100% pima cotton Kirkland t-shirts. They last forever, they’re comfortable and somehow go with everything. The shape actually starts looking better as they get older.
The best is stealth wealth. People thinking you are poor, but in reality, you are doing well comparatively. Let others chase status.
"Stealth wealth" is my new phrase.
@@allthingsnu4673 It's the only way to go. I played the game on the other side chasing status and I was deep in debt and struggling internally. I like the stealth wealth side much better
Amen! Yes
Let everyone chase the Rolex. Youve got a Grand Seiko.
I wear clothes from Walmart and Amazon basics. Drive a $20k 2016 pick up. Wife drives a 2011 Toyota. Net worth $4 mil.
Kirkland brand pants/Joggers Walmart brand T-shirts and chucks. My entire wardrobe right there man.
Love your modesty. People that flash the cash are usually the biggest BSers. Probably a lot less wealthier then you think.
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..
Assets that can make one successful in life
forex is profitable and lucrative investment online
Congratulations on hitting 100,000 subscribers Tae! This is well deserved for all of solid advice you've delivered!
Thank you so much!!
This is a great video for many reasons. As for clothing, I shop at our outlet store - Ann Taylor and Banana Republic
If you want to project wealth on a budget, learn your sizings for clothes. Go to thrift shops, find clothes that fit where it matters. Buy them for next to nothing. Now, take those clothes to an alteration shop, a tailor, and have the clothes tailored to you. It will cost, but the raw material was cheap, and it now fits you perfectly. Such things scream wealth to those around, and yet, lol, you bought those pants for $5 at the thrift store. Buying the pants used, $5, buying nearly the same pants brand new and of a similar quality, $75. But for $50 the "cheap" pants seem more expensive because they fit you perfectly.
I feel like asking how much someone makes should be less taboo. Asking how much they are worth, on the other hand, should be kept private.
I really agree with the undercover car idea. Our family has 4 paid for cars, the newest one is a 2015. I have always spent quality time with the boys maintaining them and keeping the clean. Win - Win.
Thanks for the sensible tips, Tae. My financial situation recently changed for the better and I'd already decided to be an undercover wealthy person before finding this video. I'm an introvert anyway and don't like drawing attention to myself so why make myself a target for everything and every kind of person I don't want in my life? No, thank you!
Congratulations on passing 100k! Well done.
Thank you very much!
I love chanel bags and other luxury items. but those are the only thing I really splurge on besides vacations. and I wear them on occasion. :D drove my old 2004 car until last month; my daughter started driving so she gets that car now.
Thanks, Tai! Great content and very helpful. Appreciating your humility, humor and maturity around money and life.
I’m the month our nation dedicates to Pride, Tae Kim advocates humility and gratitude.
For this, I salute him.
My favorite topic, STEALTH WEALTH! Thank you!
Congrats on 100! All great tips
I somewhat regret buying my BMW. I love cars and my BMW is paid off. However, I can’t help but feel like I shouldn’t have it. I could sell it and get a cheaper car- but also I love the luxury of it and how fast it is. Not going to lie though- it does stress me out leaving it in certain places. I felt much more peace driving my cheap car.
Why did you buy it? Surely you must enjoy driving your car.
@@user-fx3ou2jh9k I love cars. I’ve always been a car guy. I tried driving cheaper brands and being a frugal car driver but I just couldn’t do it. I love the experience of driving a fast and fun car
The principle of spending your money on what you truly enjoy and saving elsewhere applies here. It looks like you enjoy cars generally and this car particularly. I’d say give yourself the space to enjoy and appreciate it and grateful that you can afford it. Save on other items 😊
Q
Being comfortable with wealth is an art.
I am comfortable with myself and my luxurious stuff.
However, it is true that:
People are jealous.
People do steal.
Armed guards and people who are paid to protect my stuff have been caught stealing 😒 🙄 and it's very annoying 😒 and devastating at times.
But...I learned to keep it quiet 🤫 and not even family are privy to all I have because people's appetite for stuff is a bottomless pit.
I love these tips, Tae. They so align with our values and beliefs. Thank you!
Congratulations on 100K Tae! So very well deserved for you most definitely add great value to your viewers' financial life!
Your videos are so helpful and grounded. Thank you Tae!
I have been practicing undercover wealth for the last decade… without even knowing it! My Splurges? Travel and Donating!
Thanks for your service! I'm part of Uncle Sam's Yacht Club 😉. It's my second career. I'm a QM because of my retirement investments prior to getting commissioned. The few luxury items I have are under the radar without brand recognition.
Loving all your videos. Just started watching the past week, subscribing for sure :-)
Wow 100k, congratulations 🎉🎊 😊
Thank you so much 😀
Thank you for your service. Love the video.
STEALTH WEALTH!!!!
This was a fun video. I like living under the radar so it was relatable. ❤ from 🇨🇦
Costco membership will be my luxurious club
I recently discovered that Costco shoes are so nice and comfy!
YES YES YES! CONGRATS FOR THE 100K SUBS! KEEP GOING KEEP INSPIRING and Enjoy!
Congrats Tae on reaching 100k!!!
This is the second time I am watching your channel. This was very powerful. I learn a lot. Keep up the excellent work.
Love the cross trek 😍 I have 2 of them :)
Another good video, Tae. One way I like to give anonymously is I go to my favorite mom and pop dinner and pay for someone’s meal. I ask the waitress/waiter to choose a table. One day someone did it to me, and ever since I’ve been doing it every once in a while. It’ll put a smile in someone’s face for sure.
Congrats!🎉on reaching 100k sub milestone. Just cracked a million in my dividend portfolio this last week. I started my journey, investing a lump sum in stocks trading with the help of an excellent finance manager who trades my funds for me.
Hi, who's your finance manager? how can I reach out to help me trade my funds too?
Hello, Erlinia Jedraa Barrett is my FM, research her.
Awesome. She trades for me too. I live in Albany, Georgia & a friend who works with Erlinia Jedraa Barrett referred me to her so I reached out. In few months of trading my 100k, I’ve made a little over 420k. She is really amazing.
Love your content ! 😁
New Subscriber, Great Knowledge ! Thank you 🎉❤
New subscriber here. Nicely done, Sir, nicely done. PS Thank you for serving.
Great video - My wife and I follow the same path and invest everything we can to achieve FIRE in 20 years 👍
32 degrees has the most comfortable t-shirts, polo shirts, boxer briefs, etc....trust me...and is very undercover.....
Most of my clothes come from Sam's club 😂 I like Columbia or Eddie Bauer stuff.
Tae, I remember subbing when you had 6k subscribers after I watched your video on the World of Hyatt credit card. Congrats on 100k 🎉
Thanks so much!!
LOVE IT
Great content 👌 👏 👍
5.11 makes great clothes and very durable
I like your video. I’m upper middle class. Housing is low. But I splurge on my private club because I want private dining. Let’s face it, you work so hard and sometimes you want a quiet private area to eat with your family
I love this video
Love this video!
I need to up fashion game. Thank you!
I won't let anyone know when I get wealthy - not even myself.
Oh wow congrats on 100k subs!
Thank you!
Currently listening to this in my Honda Fit 😎
👍good point; agree
I love honda fits!
Congrats on 100K 🎉
Thank you!
American Giant makes great clothes right here in America. Understated but last a lifetime.
target has some nice clothes
One question that I have for you is what do you do for presents for your kids’ friends? Just curious.
Ralph Lauren and Lacoste make quality yet understated clothes ❤
I don’t wear Wrangler jeans and Old Navy shirts because I’m cheap, it’s my unassuming style.
I’m rapidly approaching my “number” all in a 07’ ford focus hehe😊
I got the most from your video about being frugal with things that don't interest you and spending more (if you can afford to) on the things that does interest you (your hair for example lol)
I think any form of spending your hard earned money based on what others may think about you is a problem, for example: I really enjoy the experience of driving cars and the technology. I'm not buying a 2002 Honda Altima just to be uncover from people who don't care about me knowing that I will be unhappy with it lol
But at the same time I don't care that much about clothes, so you will not see me buying high end garments and shoes just to appeal to others.
So to me the whole stealth wealth thing is almost just as bad as "showing off " from a psychological perspective as they both deal with worrying to much about what others think. Just my thoughts
Private clubs can be well worth the price of admission if you are in a buisness that is fueled by your network. Some clube can provide a wealth of business relationships that are directly responsible for career capital and boosts in income.
Asian people have the best hair and skin.❤
I am still driving my 2006 Ford Focus I bought for 3000€
I could easily afford a new car, but I couldn't care less about the car I drive as long as everything is technically in shape.
STEALTH WEALTH
Stealth wealth
I know of people who owns Mercedez and Tesla but cant afford to pay their $1500 ac be fixed. Meanwhile I drive a Prius and semi-financially independent now 😂😂😂😂
...good on you, you are better than these people...? Everyone's got their reasons, no need to be an a ss.
I love the Prius, an economy vehicle with MPGs like that is a flex.
@@BuyLessJess plus their body is really solid that it scored high on crash safety rating.😀
Good will = know good brands to look for and inexpensive.
This stuff is EXTREMELY subjective.
PLEASE make a video about Jim Cramer
uniqlo dropped in quality of the past few years IMHO.
100K for the win ✨
I drive a 10 year old Prius because it's completely paid off and has low miles. I'd rather put my money in investments.
A Benz is pretty lowkey 😎✨
Mark Zuckerberg drives a Honda Fit 🤣 what are those ? 💨
Clothes are the worst 🙄
I heard Uniqlo was pretty good too - I didn't like their white tees though
The only issue I have is saying the Honda Fit is a boring car. LOL. Only half joking, cause they're pretty zippy, fun to drive, and you can fit a ton of stuff in it.
Hi Tae, I plan to buy a car. Do you still recommend your Subaru Crosstrek SUV? So far so good?
Those cars aren’t that inexpensive. If you know cars then you know that cross trek could have been replaced with a less expensive option.
I love your content. However, I don't agree with the phrase " giving back" anything I have I took my own initiative and work my butt off! I did not take. In fact it me being of service I've already given! Thank you.
Hmm if you truly enjoy playing golf a membership to a private golf club may be worth it if it means not having to wait for tee times at a public golf course or being able to play golf with out feeling crowded or rushed. A private exclusive gym that is never crowded so you never have to wait for a machine or a bench or a squat rack may be worth it vs always having to wait for someone to finish their set or having to try to work in with someone at a cheaper gym that more people go to. If this gyms is in multiple locations throughout the US or the world then you know you can get in get your workout done and get out quickly regardless of where you are without having to wait. Similarly if a private club gives you more unfettered access to activities you truly enjoy then it can be worth it for that reason. Stealth wealth would not be not belonging to these clubs but rather not talking about it or mentioning your membership in them. You go to a private exclusive gym, workout quietly and efficiently and leave and don't mention where you workout. Or you go play golf but you don't draw attention to where you play golf when not on the golf course.
Wearing cheap clothes when we could afford better ones also helps us lie to ourselves that we are just humble, but in reality, we have a very poor sense of style like most people, lol.
i wish this was relevant to me hahah
One thing to clarify is that you can still dress "nice" on a budget.
Another way to stay stealthy, use the word “people” instead of “individuals”.
Hmmm..so does that mean one will never get to enjoy a nice used Porsche? People will see "PORSCHE" first and won't know that the owner bought it 8 years used..with cash..
People that buy used cars can have tens of thousands of dollars more of savings than people that buy new cars and have high car monthly payments at the very least over a few years.
Or buy lower end models but brand new if you live far and can't get a mechanic.
Uniqlo, HM and Zara are fast-fashion. Avoid if you intend to buy quality.
Are you the same Tae Kim that did the guide to Japanese grammar?
Who on earth spending so much $$$ on fancy cars and clothes to impress people I don’t even like
How to practice undercover wealth:
Step One: Start a CZcams channel about wealth.
Step two: Get 6 million views.
Your family is beautiful and your wife is a total babe!
dickies and random tshirts inwear my shoes till there dead i have work shoes and nice walkin around/goin out shoes
Hi Tae
If my three mutual have been consistently outperforming the s&p 500 benchmark over the past ten years but the MER is 2.36% would you pull it all out and put towards an index fund? I have run some numbers and despite the 2.36% MER if the overall growth rate surpasses the index by 3% I still come out on top. Thoughts?
I don't believe that Mark still drives a 2008 Fit. If I were that rich I'd be driving a much larger and safer vehicle.
Wrist watch undercover wealth: Grand Seiko
Meghan Markle would not approve of this video. 🤣