You can’t take it with you when you die, so regardless of whether you hide your wealth and spend frugally or you spend more openly but within your means, it’s about consciously optimizing your outcomes based on what you have to deliver max happiness and minimum stress. Decide why you want to live a more stealth wealth lifestyle — define some financial goals — and start living like your neighborhood accountant, school teacher, middle manager, or stealthy physician. Is it a little bit too deceptive for your liking? I live by my budget so if my going out money is gone then I have no money till next paycheck. YES! This may have been easier in prior generations, but times have changed. Nobody dresses up or shows off flashy stuff. If an individual is using it for scam purposes (pretending to be dirt poor or homeless) than yes, it can be deceptive. I practice Stealth Wealth, although I’ve never given it a name. I am also living a "stealth wealth" life in India since last two years. We have worked hard and cut expenses to gain what money we have, but family tends to think we had our money fed to us on a silver spoon because my husband’s family is not poor. Thank you for this article and the different perspective it provides. It's the cumulative expectations and resentment from people around you. The way I look at it, at some point you have to choose whether you want to be LA-wealthy (flaunt your money) which has a high stress level associated with it in that you always have to keep up this "image" or you can be Bay Area-wealthy (don't flaunt your money) which has much less stress associated – you can dress up when you want, but dress down and no one will raise an eyebrow. These types have a confidence that is hard to describe because they don't need anything from you, I'm self made. Joan Homrich, general manager with Bon Appétit at Hill Country Café in San Antonio, uses stealth health in her operation, such as substituting 2% or … "Stealth wealth" is about accoutrements that are subtle, not necessarily readable by the general public, but by those in the know. And even if you got wealthy unexpectedly (like lottery winners or people who inherited money), you’re still faced with the same societal pressures. My adopted dad saw that living a humble lifestyle, in general terms, meant living a happier one, with people that actually like you for you. In my mind,If I flaunted my wealth, family members would be asking for money, I got a part-time job, and I actually got seriously working on my project, then I don't need that ring anymore. People also like. I'm sure you're aware of the book, but it bears mentioning for those unfamiliar with the quiet wealth accumulators. That’s why we found a Top Performer who practices stealth wealth and got their insights on exactly why they do it (on the condition of anonymity, of course). Instead of using a little bit of their wealth to help other people out and spread some joy, they're obsessed with keeping as much of their coin as possible. People with money often practice stealth wealth as it helps their financial future and often become richer. I practice stealth wealth because I'm too lazy to spend my money. You can wear yourself out by trying to keep up with the Joneses, or you can practice contentment. Long ago, I had two boyfriends that came from this type of family. 1. That is why the doctor's model works better. Practicing stealth wealth can boost your financial independence as it involves not showing off with money or, in other words, spending less. That’s hard, though, because by definition those who practice stealth wealth aren’t in the business of telling anyone about it. B&I operators were the most likely to use stealth health, with 36% saying they employ this concept whenever possible. Wealth is all around you. But it is still a wealth tax. I can buy drinks for a friend at a bar and they feel genuine appreciation for the gesture, rather than an expectation that I "should" do it. Hmm…, Likewise, I know an eye doctor who pulls in $400,000 per year but spends way too much of what he earns. Instead of driving it around dirty to try to look poor. The result could be quite positive, particularly if exposure to an upper crust clientele would be good for your career or business in some way.”. Nice post, very interesting, thank you, but glen is right: