We all know those people who have to post about their luxurious vacation or always show up to an event with a new expensive handbag. Social media, society and our own judgements have influenced us to believe that those people are the ones thriving in their finances. But is it true?
It’s often more likely that the people that feel the need to show off their money typically don’t have as much of it. It’s the people who live a quiet luxury or have a stealth wealth mindset that you should be watching and learning from.
Here are five surprising ways someone keeps their wealth private because they are secure in their finances:
- Fashion Trends
We tend to judge a book by its cover and that includes someone’s fashion choices. If they wear the top brands and show off their ever changing accessories we assume they have the money. But it’s the people that wear what is comfortable, often older or reused, that are living a quiet luxury. This is because they don’t care! They would rather spend their money on things that truly matter rather than keeping up with the joneses.
- Tight Lipped
Have you ever been around a person that casually drops what they spent on their new vehicle or what they make in a year? Yeah, me too. Instead of comparing yourself to them, watch the people that never mention their money. The people who keep their finances private are the ones who understand their finances and somebody you could learn from.
I say this in the best way possible–the people who have stealth wealth live an average lifestyle. They have no need to buy the biggest house or fancy car (often this is a reason they have more money than others!). They are secure, happy and confident in their finances that the flashy lifestyle does not entice them.
“When you buy a bigger house, another luxury car, or a fancy boat, you are showing people you used to have money.” –Christopher Manske
Love them or hate them, but the people who are frugal know where they want their money to go. They have their priorities and are willing to make decisions to achieve their financial goals. Know someone who has driven the same car for 10 years, but it is in great shape and taken care of? They know exactly what they want to spend their money on.
People who have money learned how to have money. Those living in quiet luxury will never stop educating themselves. This could be in conventional or non conventional ways, but they are always keeping up and pioneering. So when you’re around someone who leans in and asks thoughtful questions during a money conversation, that’s your cue to do the same.
If you’re ready to change your mindset and start living a stealth wealth lifestyle, discover the benefits of discreet wealth and tips to maintain stealth wealth.
Instead of flaunting what you don’t have, quietly thrive with what you do.
“Your decisions from today forward will affect not only your life, but also your entire legacy.” –Dave Ramsey