1715: Stealth Wealth: Why This Millionaire Hides His Riches by Ramit Sethi of I Will Teach You to be Rich

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🗓️ 19 November 2021

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ramit Sethi of I Will Teach You To Be Rich shares why some millionaires hide their riches from family and friends. Episode 1715: Stealth Wealth: Why This Millionaire Hides His Riches by Ramit Sethi of I Will Teach You to be Rich Ramit wants to use money to say YES. He knew there was a better way to live a rich life—if we could use psychology to focus on what actually works. Not just for personal finance, but all aspects of life: money, careers, relationships, business, fitness, and more. Since then, he's been testing and sharing his findings with the world via I Will Teach You To Be Rich. He's also written a New York Times bestselling book, been profiled in a 6-page Fortune article, and been pictured next to Warren Buffett in Forbes Magazine, as well as been featured by a long list of media, including the Wall Street Journal, ABC News, NPR, Fox Business, PBS, CNBC, and more. He also has tons of documented success stories—more than 20,000. The original post is located here: https://www.iwillteachyoutoberich.com/blog/stealth-wealth Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:00.0	Have you ever noticed how a calm mind can really set the stage for a good night's sleep?
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0:29.4	a good tomorrow starts with a Good Night's sleep. Just search for Good Sleep in your podcast
0:35.2	app and be sure to pick the one from Optimal Living Daily. This is Optimal Finance Daily,
0:41.6	episode 1715, Stealth Wealth, why this millionaire hides his riches by
0:47.4	remete satie of I will teach you to be rich.com, and I'm your host and personal finance enthusiast,
0:53.9	Diana Mariam. Now let's get right to today's post as we optimize your life.
1:03.2	Stealth Wealth, why this millionaire hides his riches by remete satie of I will teach you to be rich.com.
1:11.6	Stealth Wealth is the practice of keeping your true wealth hidden from others,
1:15.9	even friends and family members. And though the name might bring to mind mystery, espionage,
1:21.6	and images of the monopoly man dressed as an ninja, the practice is anything but that.
1:27.2	Stealth Wealth is the rich techie who wears hoodies instead of suits and foregoes a Ford Mustang
1:33.3	for a Ford Fiesta. The millionaire CEO who would rather drink a cheat beer with her friends while
1:39.6	watching a football game than dumb paryon in a polo match. The college student who commiserates
1:45.8	with his buddies complaints about student loans while secretly owning a trust fund himself.
1:51.5	So if you want to know exactly why someone practices Stealth Wealth, you're going to have to ask
1:56.1	directly. That's hard though, because by definition those who practice Stealth Wealth aren't in
2:01.2	the business of telling anyone about it. But this is IWT, and we're in the business of finding top
2:08.1	performers and finding out what makes them tick. That's why we found a top performer who practices
	...

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