INSPIRATION – ALBERT RI

It may seem counterintuitive that many millionaires choose to live a modest lifestyle and avoid flashy displays of wealth. This strategy of keeping their affluence low-key is called stealth wealth, and it confers many advantages. Understanding the motivations behind stealth wealth can help us gain wisdom about money.

For starters, stealth wealth is an effective wealth preservation strategy in an increasingly litigious society. Millionaires want to avoid lawsuits, minimize risks, and prevent being targeted for their money. By keeping a low profile, they can hold onto their hard-earned wealth.

Stealth wealth also allows millionaires to preserve relationships and connections. If friends discover their wealth, it can breed jealousy or resentment. Or they may ask for loans and handouts. Millionaires want to be valued for who they are, not what they have.