Aug 282013
 

What is Stealth Wealth?

Stealth wealth is defined by being rich but not letting the world know about it. This financial strategy is how most millionaires are able to blend into society. Keeping our wealth a secret allows us to enjoy work, travel, play, and financial security without attracting unwanted attention to ourselves. So stealth wealth, is good wealth 😎

Obtaining financial security for ourselves without everyone else knowing about it can save us lot of stress and problems that sometimes comes with wealth. So the lesson today is don’t tell anyone if you win the lottery or become a millionaire 😉 This is one of the reasons I blog anonymously. None of my co-workers know the size of my stock portfolio, or how much I’m invested in precious metals. If they did, they would probably ask me for investment advice, which I’m not professionally authorized to give. Unrealistic high expectations often lead to disappointment which would be detrimental to my relationships. 😕

For example, I can give them sound, generic advice like pay yourself first, and don’t put all your eggs into one basket. But they’ll think I’m a snob who doesn’t want to share my “real secrets.” I could give them specific advice like to buy real estate, or Disney stocks and Starbucks stocks because I’m invested in these companies myself and have seen some great returns so far. But if the market goes down then they’re going to blame me for losing their money. Nothing good usually comes about when people find out you have money.

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Yes, it can be difficult for some people to restrict the urge to tell their friends and family when they come into a great deal of money. But one question everyone should ask themselves before posting their financial situation on Facebook is “Do I really want the extra attention that this will get me?” If the answer is no, then it’s probably better to keep quiet about the money. 😕

I recently read about Bloomberg’s uncovering of wealthy people in the US who are not very well known. One of these people is a billionaire who works in the food business. This person is my new role model. He practices being stealthy with his wealth. He doesn’t let his ego or pride get to him and he gives anonymously to charities. 😀

Not many people can become billionaires and still have the temperament and conviction to provide a normal and dignified lifestyle for their family members. I don’t want to give away his identity but it’s unfortunate for him that so many major news sites have already published his name, and other personal information. Here are what other people had to say about his situation. Quotes below are people’s reactions to articles about him on mainstream media websites.

  • My kind of billionaire! He makes a difference, and is not greedy.
  • It should be illegal to publicize this kind of information – how much money someone has, where he lives, his and his family’s pictures, etc. very disturbing.
  • does it bother anyone that he is a billionaire and he is in the food industry? food prices keep going up, where is all the money going to?
  • Good on him!…who needs some lavish villa that looks out of place when you have a close, loving family… material things can only bring temporary ‘happiness’

This is person is the antithesis of Jeane Napoles, who isn’t shy about showing off her wealthy lifestyle.

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Random Useless Fact: According to evolution, scientists believe the egg came before the chicken, because whatever animal laid that first egg was an ancestral species of the modern day chicken.

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23 Comments on "Stealth Wealth"

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Laurie @thefrugalfarmer
Guest

Totally agree with you here. We’ve learned our lesson, for several reasons, to not disclose any financial info. It’s caused some real pain in the tail problems. And I agree too that it’s a shame that Bloomberg and other media outlets are exposing these millionaires who’d much rather keep to themselves. The media drives me crazy sometimes! Ok, most of the time. 🙂 Loved the cartoon, btw – funny!

Phil
Guest

I’m not stealth wealth by any means (but one day (^O^) .., To get around the advice side of things we only explain what we do, or have done for our situation to have the lifestyle and financial independence we have. That means if someone asks me about stocks, I would say these are the ones I’m holding and why, and these are some of the ones on my watchlist and why… That way it is not advice, but rather sharing what seems to work for us. As to financial advice, spend much less than you have coming in, and you will have a higher likelihood at becoming wealthy. As to the chicken and the egg thing, I do not think the first chicken like creature was born of an egg, in which case the egg was as adaptation post chicken – Cheers.

Canadianbudgetbinder
Guest

It’s too bad that the world revolves around money but if there is a story it will be told, it will break even if it is to sniff out the worlds billionaires and what their life is like. That’s too bad.

Cat Alford (@BudgetBlonde)
Guest

I also believe in keeping wealth a secret! It’s too bad the lottery peeps make it public in so many states!

agentfang
Guest

Is it the greek yogurt guy?

Josh R (CNAFinance.com)
Guest

First off, I love the cartoon! It’s great! I wish I could say I was stealth about being wealthy but, I’m not wealthy so, I couldn’t be stealth about it! See ya around the blogosphere!

mochimac @ save. spend. splurge.
Guest

Hear hear. Stealth wealth all the way. I am not interested in anyone knowing what I have in real life, but I do enjoy talking about money which I can’t do with people in real life for the most part, unless they’re bloggers like me.

anthony a. @ financial freedom ideas
Guest

Great cartoons! If the whole world will know about your wealth, more relatives will come to you. I think that happens but the sad part is they want to be with your company because of the money. Rather to keep a simple life when I attained so much wealth.

SarahN
Guest

Loved the cartoon! I can’t help opening my trap o-O

Financial Underdog
Guest

How do you make your domain private?

Financial Independence
Guest

I’ve taken the path of providing a first name and country but nothing more. Assuming it’s my real name (perhaps it’s a middle name?) it will still take dedication to connect the dots, and lets face it…if someone really wants to figure out someones identity they probably can – its all about making it more difficult than it’s worth.

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[…] I think we can all learn a thing or two from Ronald’s approach. My hat goes off to him for keeping his fortune a secret from the public and then donating it to a worthy cause that he believed in. He’s given a […]

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