Summary of "when you get rich, tell NO ONE"

Key Wellness, Self-Care, and Productivity Strategies from When You Get Rich, Tell NO ONE

Stay Quiet About Your Wealth

Avoid announcing sudden wealth to prevent unwanted attention, scams, lawsuits, or strained relationships.
Adopt a “stealth rich” lifestyle to maintain privacy and security.
Only disclose your wealth to a trusted attorney specializing in trusts and estate planning.

Legal and Financial Protection

Set up trusts to protect assets, save on taxes, and maintain privacy.
Consult a qualified attorney early on.

Work and Purpose

Don’t quit working immediately; find a job or activity that brings satisfaction.
Avoid boredom, which can lead to reckless spending or poor business decisions.
Keep life as normal as possible for at least six months to adjust mentally and emotionally.

Debt Management

Prioritize paying off high-interest debts first (credit cards, personal loans).
Consider keeping low-interest debts (like mortgages) if investment returns exceed debt interest rates.
Use debt repayment as a financial reset and avoid falling back into debt cycles.

Handling Requests from Family and Friends

Avoid lending money to family and friends to prevent damaged relationships.
If you do help, give money once without expectation of repayment and make it clear it’s a one-time assistance.
This approach encourages financial responsibility and preserves friendships.

Mindset Shift: From Consumer to Investor

Never spend the principal amount; only spend the interest or returns generated.
Calculate your “freedom figure” by multiplying your desired annual income by 25 (based on a 4% safe withdrawal rate).
Aim to build a portfolio that generates passive income equal to your desired lifestyle expenses.

Investment Portfolio Example for Wealth Preservation and Growth

$1 million in low-cost total stock market index funds (approx. 9% average returns).
$1 million in low-cost total bond market index funds (approx. 4% average returns).
$500,000 in residential real estate (approx. 7% annual growth).
$500,000 in commercial real estate (approx. 8% annual returns).
$500,000 in blue-chip cryptocurrencies like Bitcoin and Ethereum (high volatility, potential 10-15% returns).
$1 million in a high-interest savings account (up to 4.5% returns).
Reserve $500,000 as “fun money” for personal enjoyment without guilt.

Wealth Philosophy

True wealth is the freedom to choose how to spend your time, not just material possessions. The rich who remain rich buy back their time and focus on legacy building. Avoid impulsive spending and focus on long-term financial independence.

Additional Tips

Start investing early, even without sudden wealth.
Use investing platforms that offer fractional shares to get started with smaller amounts.
Educate yourself continuously on investing and wealth management.

Presenters / Sources

The video is presented by an unnamed millionaire businessman and content creator (likely Mark Tilbury based on the promo code mention).
Reference to Jack Whitaker, a Powerball lottery winner, as a cautionary example.
Mention of Trading 212 and SoFi as investment platforms/tools.