The Richest person in the room Probably doesn’t look Like It.
Have you been aware of the concept called “Stealth Wealth”. And once you understand it, you may start noticing it everywhere.
The person driving a 10-year-old hatchback car, wearing no watch (worth mentioning), living in a modest apartment, might have a portfolio size that may surprise you. The one with the latest iPhone, leased car, and designer sneakers posted every weekend might have a bank balance that would worry anyone.
Morgan Housel said it simply, wealth is what you don't see. It is the upgrade declined, the phone not changed, the vacations not taken just to look good on Instagram, Facebook.
Truly wealthy people do not spend money to impress strangers. Because they realized early that every rupee spent performing wealth is a rupee not compounding in the background.
A question worth aligning at 25th age, are you spending to build wealth or spending to look like you have it?
Those are two very different journeys. And they lead to two very different destinations.
Source: Morgan Housel -The Psychology of Money; Stealth Wealth research -The Millionaire Next Door, Thomas Stanley; behavioural finance on conspicuous consumption
Rahul Karandikar
After two decades in technology, Rahul now works with individuals and families who want to think about money with clarity, patience, and a long-term perspective.
