Do you lie to people about your ERE/Frugal behaviors?

How to explain ERE, arranging family matters
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vezkor
Posts: 89
Joined: Tue Mar 22, 2016 9:51 am

Re: Do you lie to people about your ERE/Frugal behaviors?

Post by vezkor » Fri Feb 10, 2017 3:03 pm

@olaz

I do something very similar. Since I'm 27 and still in the accumulation phase, I'll often say 3 different truthful things depending on how close to somebody I am.

Coworkers: I'm saving up so that I have enough cash to transition later in case this role goes away/changes/they give us an unbearable boss etc.
Friends you hang out with: I'm saving up so that I can quit my job and then possibly do something 20 hours a week/part time/my own business etc.
Parents, wife, sisters: The full ERE/FIRE dream complete with links to blog posts and grand plans about living off of passive income

That being said, I did start my own computer business (I build and sell gaming rigs!) that booked almost $4000 in revenue last year. Woohoo! I currently don't have plans to market it beyond people I already know and like, but it's something! I also manage roughly $440,000 in assets for friends and family and take a small commission on the annual growth, so I'm building up alternate income streams...

When the time comes to pull the plug on W2/active employment income: I'll likely just be self-employed with more than half of my income coming from assets.

Back to the topic at hand, though, I find that most people don't ask the direct questions that would yield awkward responses. There is a pretty big taboo where I'm from on asking somebody "How much money do you have". Typically people are fixated on trying to estimate one-another's income moreso than their savings anyways. In that regard, I'll probably never have an income exceeding $5000/month even if they do ask directly! I doubt anyone will ever look too close, especially if I play the "self-employed/small business" card.

Annemarie
Posts: 2
Joined: Sat Oct 29, 2016 11:16 am

Re: Do you lie to people about your ERE/Frugal behaviors?

Post by Annemarie » Wed Mar 01, 2017 2:53 pm

No. It is not something most people are asking about either.

JamesR
Posts: 823
Joined: Sun Apr 21, 2013 9:08 pm

Re: Do you lie to people about your ERE/Frugal behaviors?

Post by JamesR » Thu Mar 02, 2017 12:56 am

I would tell my mom or my grandma that I slept in the car if it came up in the convo. I'd tell them "Oh yeah, I slept in the car last night. It was grrrrreeeeat, been a long time since I tried that but man was it neat to do again!" IMO, you're doing a disservice to your parents/grandparents if you lie about things like that, and furthermore lying about it results in shallower relationships. The excuse of trying to reduce their worrying is nonsensical, and of course they're gonna worry anyways, but if you're just upfront about these things they get used to your particular 'quirks'.

Salathor
Posts: 19
Joined: Fri Dec 18, 2015 11:49 am

Re: Do you lie to people about your ERE/Frugal behaviors?

Post by Salathor » Thu Mar 02, 2017 11:45 am

Since this post was dredged up, I just read it for the first time and saw that it was C40 who was the OP! Have your family and friends had anything to say about your van adventure, now that you're a good few months in? I imagine you aren't telling them you're couchsurfing your way around the US. ;-)

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