RICH IN UNSEEN WEALTH

[7 habits of The Quiet Rich]

CONTEXT

There’s an old saying that goes, “Money talks. Wealth whispers.”

The “new rich” are quiet— they’re not loud or flashy.

Here are 7 qualities that make you quietly rich:

THE 7 QUALITIES

1. What do you value?

Privacy and the freedom to live on your own terms.

You don’t share most of your personal life on social media. (Because attention isn’t what gives you a sense of importance).

Privacy is actually the new luxury.

2. What do you spend money on?

Meaningful experiences. The kind that create once-in-a-lifetime memories.

You don’t care about spending lavishly on material possessions just to boost your status or self-worth.

(Now’s the time to plan some of those life-changing experiences in 2024. Here’s a past newsletter I wrote with a 3-step method to create more priceless memories this year).

3. What are you motivated by?

Closing the gap between who you are now and your true potential.

External validation / comparison isn’t meaningful to the quietly rich. You only compare yourself to who you were yesterday.

It’s all about getting just 1% better tomorrow. (I love James Clear’s article about continuous improvement (and why 1% better every day = 37x better by the end of the year).

4. How do you reach goals?

Ever notice how others just talk about their goals? Or post about their goals? Ironically, they’re less likely to achieve them as a result— because talking about a goal releases dopamine (without making any real progress).

Instead, the Quiet Rich move in silence. You never brag about what you’re building (because you’re too busy moving it forward).

Yes, it’s important to celebrate your wins. But then move on to achieving the next one. “Next play” is a term coined by basketball-legend Coach K. The former CEO of LinkedIn (a mentor of mine) always stood by it; the meaning is explained well in this Inc interview.

5. How do you invest?

You know the power of compound interest— and plan for long-term financial gain and stability.

Impulse buys aren’t common for you. You invest smartly in long-term assets.

For more on this, check out The Almanack of Naval Ravikant. It’s one of the best books I’ve read on wealth and happiness. And the author is surprisingly giving it away for free— you can get a PDF of it here.

6. What does “more” mean to you?

The quietly rich believe less is more.

A smaller tribe of friends. Fewer phone notifications. A closet of only your absolute favorite clothes. Fewer obligations. Fewer meetings.

Fewer things = they all mean more. That’s also the art of minimalism. To dive deeper, here’s a popular LinkedIn post I wrote about how to avoid the “trap of more” and finally have enough.

CLOSING THOUGHTS

I’ll leave you with one final, important quality that makes you quietly rich:

7. What does “success” mean to you?

Most people blindly accept what society defines “success” as. (Mainly chrome and horsepower, as Morgan Housel describes it.)

Not The Quiet Rich. You question the defaults and define it for yourself.

Because you want to be rich in more than just money. You also want to be rich in time, health, strong relationships, self-awareness, and purpose.

Until next week,

Jade

P.S. I’m often asked how long ago I started writing on social media. The honest truth? One year. I wrote my first post in January 2023 and have grown from 1k - 370k followers in less than 12 months.

If you’re ready to become a thought leader in 2024, book your coaching session now. I’ll teach you exactly how I did it. You can read tons of client reviews here. 🔥

P.P.S. Sending a warm welcome to everyone who joined The Quiet Rich community since last week! I’m so glad you’re here. 🎉