Personal Finance & Privacy Blog
Stealth Wealth Lifestyle
Stealth Wealth Lifestyle is a blog about the intersection of personal finance and privacy. Stealth wealth is the practice of minimizing the publicly available information about one’s income, assets, net-worth, and personal finances, in order to maximize privacy.
Main Topics Covered
Stealth wealth is the practice of minimizing the publicly available information about one’s income, assets, net-worth, and personal finances, in order to maximize privacy.
This level of secrecy typically extends to family, friends, or potential business partners. There are a number of benefits to stealth wealth, including personal privacy and wealth preservation.
Stealth wealth is important not just in preserving wealth, but accumulating it. Stealth wealth is based on the concept of information asymmetry, where one party in a transaction or event has better information than the other. It is always advantageous to have better information than another party, whether in your personal life or professional career.
This is commonly demonstrated when people negotiate their salaries with a new employer. Prospective employees typically lose ground in salary negotiations if their prospective employer knows their exact current salary or can gauge their personal financial stability.
Our current society thrives on excess and ostentatious displays of wealth. Social media platforms such as Facebook or Instagram have largely devolved to platforms where people go to show off what they own and what luxury experiences they are having at the moment.
However, this willingness to share personal financial information can lead to the decimation of any wealth you have created.