![\"Humphrey](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/09\/Humphrey-Yang.png\")
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\n \u00a9Humphrey Yang <\/p>\n
Commitment to Our Readers<\/p>\n
GOBankingRates’ editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services – our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines<\/a> and our products and services review methodology<\/a>.<\/p>\n 20 Years Trusted by Finance influencer (and former financial advisor) Humphrey Yang explained in a recent YouTube video that the wealthy are not always flashy and obvious about their wealth, and that it\u2019s often the quietest ones with the most wealth<\/a>.<\/p>\n Yang outlined seven signs that someone is secretly wealthy \u2014 you just need to know how to decode them \u2014 and these signs can serve as lessons to anyone hoping to grow their wealth<\/a>. \u00a0<\/p>\n They Avoid the \u2018Three E\u2019s\u2019<\/p>\n In Yang\u2019s view, the quietly wealthy avoid talking about the three \u201ce\u2019s\u201d \u2014 earn, expensive and excess. In other words, they don\u2019t brag about how much they make<\/a>, flaunt any of their fancy purchases or show off a flashy lifestyle. <\/p>\n<\/p>\n \u201cThe truly wealthy have nothing to prove anymore because secretly they already know they have the money and there\u2019s no need to tell anyone about it,\u201d Yang said.<\/p>\n They don\u2019t talk about their latest expensive purchase, such as designer bags or luxury watches or even their tropical vacations \u2014 because typically only people without confidence in their wealth need to brag about it, Yang pointed out.<\/p>\n Best yet, they avoid living to excess, \u201cat least in their outward image,\u201d Yang said. That\u2019s because wealthy people understand that \u201cthe true luxuries in life are about having options, convenience and freedom, and not about having the most flashy stuff.\u201d<\/p>\n Yang suggested that embodying this attitude even before you\u2019re wealthy could help you build more wealth \u201cbecause you\u2019re redirecting your energy toward wealth building, not appearances.\u201d<\/p>\n They Drive Older, Reliable Cars<\/p>\n Another secret sign of the wealthy is not a fleet of luxury vehicles, but cars that are anywhere from five to 10 years old, to avoid depreciation and free up money for investments. <\/p>\n \u201cThrowing away $500 to $800 bucks a month with car payment<\/a> for something that\u2019s losing value every single day is such negative ROI (return on investment),\u201d Yang said.<\/p>\n He pointed out that if you invested that $6,000 to $9,000 per year instead, over 10 years, with compounding returns \u201cthat could be well worth over a hundred thousand dollars.\u201d<\/p>\n They Buy \u2018Uncommon Things,\u2019 Like Time<\/p>\n Yang said secretly wealthy people don\u2019t buy status symbols, but they do buy \u201cuncommon things\u201d \u2014 one of which is time. Wealthy people understand \u201cthat the only finite resource in the entire world and in life is the resource of time,\u201d Yang said. So, they often spend \u201ca disproportionate amount of money\u201d on things that allow them to free up their time. From chauffeurs to chefs, private planes to personal shoppers, the wealthy don\u2019t have to toil manually like the rest of us.<\/p>\n<\/p>\n They might also enjoy expensive hobbies, like collecting rare art or fine wine, sports memorabilia or even Pokemon cards, Yang said. \u201cInstead of displaying their wealth like a normal person would, they would rather do it with an appreciation for luxury and rare items.\u201d<\/p>\n They Carefully Manage Their Image<\/p>\n The secretly wealthy are aware of their image and prefer not to rub others the wrong way. They also need to take greater lengths to protect what they\u2019ve amassed. Thus, they downplay success, deflect questions about wealth and avoid drawing attention to themselves for security and privacy reasons.<\/p>\n He said the least likely question you\u2019ll get a wealthy person to answer is \u201cwhat\u2019s your net worth.\u201d The secretly wealthy won\u2019t admit to the scope of their wealth.<\/p>\n They Scrutinize Small Purchases<\/p>\n You might not realize someone is wealthy because they ask \u201cdetailed questions about a purchase under $100 dollars, but don\u2019t blink at necessary big expenses,\u201d Yang pointed out. He explained that they\u2019re more likely to have the leisure time to look for \u201cwants\u201d while they\u2019ll just spend the money on something that\u2019s a necessity, like a roof repair.<\/p>\n Yang thinks this originated in how many of these people became wealthy to begin with. \u201cI think this is more of an ingrained habit of someone \u2026 that was self-made. This small habit of not overspending on smaller purchases throughout the year can add up to a lot of savings over the course of 365 days.\u201d<\/p>\n<\/p>\n They\u2019ve Mastered Delayed Gratification<\/p>\n Wealthy people want for almost nothing, so they\u2019ve \u201cmastered the ability to wait while everyone else is buying,\u201d Yang said. The secretly wealthy will often research a purchase for months or wait for \u201cthe perfect sale.\u201d Better yet, in the process of waiting, they often discover they don\u2019t even need the item they were considering buying.<\/p>\n \u201cA secretly wealthy person might be extremely frugal and value oriented and won\u2019t mind waiting, especially if it means that they\u2019re going to get something that they really love instead of something they\u2019re just OK with,\u201d Yang said.<\/p>\n He pointed out that it\u2019s a good takeaway for the average person, too, to wait between seven and 30 days before making a purchase you don\u2019t absolutely need. Delayed gratification \u201cis the key concept that makes you very, very rich later on in life,\u201d he said.<\/p>\n They Live Beneath Their Means<\/p>\n The secretly wealthy don\u2019t live in Malibu mansions or gaudy villas. They keep a modest house, where they often own the home outright. Those who didn\u2019t know that billionaire Warren Buffett was among the world\u2019s richest men certainly wouldn\u2019t know by his lifestyle, as an example. He\u2019s renown for living a humble lifestyle<\/a> despite the money to live lavishly.<\/p>\n Lifestyle creep is a problem for anyone who starts to make more money, even if you\u2019re not quite wealthy yet.<\/p>\n As far as Yang is concerned, the secretly wealthy are the happier of those with money. \u201cThere are so many levels to wealth, but if the goal of becoming wealthy is to live your most fulfilling life, then you\u2019ll be happier, in my opinion, if you just remain quiet about it.\u201d<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"\u00a9Humphrey Yang Commitment to Our Readers GOBankingRates’ editorial team is committed to bringing you unbiased reviews and information.…\n","protected":false},"author":2,"featured_media":111807,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,63,99,186,9549,187,184,185,193],"class_list":{"0":"post-111806","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-finance","12":"tag-gobankingrates","13":"tag-money","14":"tag-personal-finance","15":"tag-personalfinance","16":"tag-wealth"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/111806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=111806"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/111806\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/111807"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=111806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=111806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=111806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/cdn.gobankingrates.com\/wp-content\/uploads\/2023\/11\/icon-20.svg?webp=1&quality=75\"){kind=icon}
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