Why You Should Be Practicing Stealth Frugality
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Stealth Frugality doesn’t rule out Stealth Wealth. It’s more of an extension, a less extreme form of stealth wealth.
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So, why and how did we practice Stealth Frugality? Let’s take a look…
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Why You Should Be Practicing Stealth Frugality
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Our plan to retire early was a secret for a long time. To the folks around us, we liked to exude an image of normalcy.
Fitting In
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I wanted to signal to my employer that I depend on my paycheck! Specifically, every year I wanted to signal to my employer that I needed a pay raise.
Negotiation Power
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Corporations are in the business of consumerism! Let’s face it, many of us work(ed) for large corporations.
Consumerism… the American Way
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Think about what kind of signal your frugal antics will send to your employer and your current and prospective clients!
Signaling
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Being overly frugal sometimes insinuates that you’re trying to convert others to the cause. I never had that urge.
Practice What You Preach
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Being a cheapskate I probably could have retired after 5 or 6 years instead of 10 years at BNY Mellon.
Spending for Fun
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Cut the most frivolous and inefficient spending but we left some token luxury items for people to notice so they didn’t think we were weirdos.
How to practice Stealth Frugality
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Stupid Doctor Tricks — Biggest Financial Mistakes
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The Doctors Guide to Starting Your Practice Right