Personal Finance
Stealth Wealth and Quiet Luxury
By Singaporean Talks Money  •  July 30, 2023
Stealth wealth is the practice of being wealthy without flaunting it. Stealth wealth individuals may drive modest cars, live in modest homes, and wear nondescript clothing. They may also choose to keep their financial status a secret from friends, family, and colleagues. There are many reasons why someone might choose to live a stealth wealth lifestyle. Some people may do it to avoid unwanted attention from friends, family, or criminals. Others may do it to maintain a sense of humility or to avoid being seen as materialistic. Still others may do it simply because they don't see the need to show off their wealth. Whatever the reason, stealth wealth is a growing trend. A recent study by Fidelity Investments found that 62% of wealthy Americans are now choosing to live a stealth wealth lifestyle. Where I first heard it I read about stealth wealth when I was reading financial samurai and it wrote about how you can stay invisible to...
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By Singaporean Talks Money
I am currently a 23 year old university student in SIM. I hope to be able to grow my money and see the power of compound interest. I became interested in investing when I took a gap year and worked full-time. I realized that by just saving, it was very difficult to achieve my financial goals hence i read up on investing.
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