Stealth, It’s Not Just For Wealth Anymore

StealthStealth Wealth

For many of us, it feels downright uncomfortable to show our wealth to the general public.  Yes, we certainly aren’t shy when blogging, but outside fo the digital world, we generally keep our status to ourselves.

This serves a number of purposes.

  • Frugality: As well documented in The Millionaire Next Door, we didn’t attain financial independence by being showy.
  • Anonymity: People look at you differently when they know you have a million dollars in the bank.  While it might not be conscious, it can affect your relationships.  I’m pretty convinced that my well documented stealth wealth fail cost me a few medical directorships.
  • Self Image: there is a certain joy about picturing ourselves as Clark Kent or Bruce Wayne.  While our friends and neighbors may see us as mild-mannered (ie puny and helpless), only we know that underneath those jeans and t-shirt is a rocking set of blue and red tights.

This principle, this stealth superpower, helps define ourselves as individuals within the financial independence community.

But the funny thing about stealth, it’s not just for wealth anymore.

Stealth Health(care)

I have a silly fantasy that I retell my wife from time to time (Get your mind out of the gutter!).  We go together to a party, and are surrounded by people who don’t know us well.  As we chat amiably, eventually the conversation turns to what we do for a living.

I’m a lawyer and work downtown, he’s an accountant at a big ten firm, she does HR for an academic institution.

And then eyes turn to me expectantly,

Oh me, I stock shelves at Trader Joe’s.

Gasp!  I hate to discuss my profession.  I avoid it at every turn.

Stealth Poverty

Have you ever met someone who was too quick to tell you about their wealth?  What did you find when you dug deeper?  Despite all their fancy cars and model homes, they are likely poor.  Leveraged to the eyeballs,  their braggadocio is usually an attempt to compensate for not only a lack of confidence, but also funds.

I find the same with medicine.  The depraved soul who throws around his status as a physician while making reservations at a restaurant, or requires to be called Doctor before her last name, has a staggering deficit of self-worth.  While it’s fun to use your profession in your blog’s title,  it gets tiresome when you have to keep reminding people at every turn in the non-digital domain.

And then there is the problem of how people perceive you.  I can’t tell you how many times I was having a perfectly wonderful conversation that died the minute my fellow companion found out that I was a physician.  A certain guardedness takes over that clouds normal human communication.  People make assumptions about you based on your profession.  Sometimes I find it refreshing to hide behind the cloak of a bland moniker.

What do I do for a living?  I’m a blogger!

D’oh!  That might get you a little extra attention also.

Stealth______?

Are there other things you keep from the public because it’s just easier?

Exercise?  Diet?

Do we have any stealth marathoners out there?  How about stealth vegans?

What perfectly normal thing do you try not to share with new acquaintances?

 

 

Doc G

A doctor who discovered the FI community but still struggling with RE.

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17 Responses

  1. Ms ZiYou says:

    So here’s the question Doc G – have you actually ever given that answer to people at parties?

  2. I buy a 3-5 year old Mercedes every 25 years. When it’s “new”, people think I’m rich. I remember pulling up to my rental remodel project to meet a contractor. I should have driven my Dad’s old 1963 work truck. It was hard to get a low price after that.

    • Doc G says:

      Whenever we do work on our house, we always get high bids do to our zip code. That’s how the world works, I guess.

  3. Sometimes I keep quiet about our vacations and work travel because it leaves an impression of wealth without the travel hacking context. Also locally I tend to leave out exactly where I live as locally it implies wealthy, even if it’s not entirely true.

  4. Hatton1 says:

    I like the concept of stealth wealth immensely

  5. Dr. MB says:

    I am so stealth wealth, I almost never served when I enter upscale stores with my girlfriends. It’s awesome!

    • Doc G says:

      I come back to it time and time again. Stealth wealth is the only rational way to survive in the jungle.

  6. Dr. McFrugal says:

    I wish I was a stealth marathoner. I am definitely not a stealth vegan… I think it’s pretty clear in my posts that I’m not trying to hide that!

    I find it interesting that you mention those… Is Dog G a stealth marathoner and vegan?

  7. Stealth crossfitter over here. I try to be the exception to…”the first rule of CrossFit is to tell everyone that you do CrossFit.”

  8. This fires on all cylinders. I love this article!!!

  1. August 15, 2018

    […] the following questions… Are there specific groups of people we should use caution around (i.e. stealth wealth)?  Are there specific groups of people that are likely to burn us if FIRE topics are […]

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