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.
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.
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.