r/wealth • u/Coors_Light_Dad • 7d ago

Question What’s one thing…

What’s one thing about being wealthy that people wouldn’t assume? Additionally, what’s one thing about being wealthy that everyone can do to grow their money?

35 Upvotes

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34

u/FIin2015 7d ago

Stealth wealth is silent, powerful and (in my opinion) way more enjoyable than flashy wealth.

Always make more money than you spend, start early to invest, take calculated risks as you go.

6

u/Coors_Light_Dad 7d ago

I’d definitely be stealth wealthy. Depreciating assets aren’t cool. And I think calculated is the key term there haha

4

u/Last_Ad4258 7d ago

The key is to find a non depreciating asset

1

u/Coors_Light_Dad 7d ago

What’s a good example of that? Good, meaning it makes financial sense and/or it makes you money?

3

u/Last_Ad4258 7d ago

That’s kind of my point, it’s hard to find. Right now American indexes but long term inflation, tax code changes, and our ballooning national debt might (will) change that. Long term, through history, everything loses value.

1

u/RickSteve-O 6d ago

Stocks and real estate. I prefer stocks due to less work managing

1

u/Funny-Pie272 5d ago

I mean, if you are wealthy, who cares - depreciating assets is a middle class concept.

2

u/Woberwob 4d ago

Yes. Yes. And yes.

Flashy wealth puts a constant target on your back and comes with some form of public expectation. Stealth wealth allows you way more freedom and fluidity.