You may think you can spot signs of someone’s wealth at a glance. Surely you just look for designer clothing and purses, yachts, fancy cars, gigantic mansions or diamonds dripping from fingers, right? Not necessarily.
Read Next: 4 Secrets of the Truly Wealthy, According to Dave Ramsey
For You: 5 Subtly Genius Moves All Wealthy People Make With Their Money
Advertisement: High Yield Savings Offers
There are many signs of wealth you wouldn’t notice from such a lofty perch. Real money isn’t always obvious, and large amounts of it don’t always drive up in luxury cars. If you’re wondering who is living life in the wealthiest ways possible, here are 10 sneaky signs to look for to determine if someone is wealthy.
Trending Now: Suze Orman's Secret to a Wealthy Retirement--Have You Made This Money Move?
They Can Afford the Price of Peace of Mind
Real wealth isn’t just about having a fat bank account; it’s about feeling secure and stress-free where finances are concerned. It turns out that money may not buy happiness — but it certainly does buy peace of mind.
It’s less about having more, and more about feeling financially stable. Wealth can bring a certain kind of mental and emotional freedom that others don’t have, and that’s not something you can see necessarily by just looking at a person.
They Can Afford To Be Generous
Many affluent individuals are deeply involved in philanthropy, because it’s not a great look to not share your millions. Hopefully, though, these generous donations to charities are mostly for the betterment of mankind and not just the tax write-off.
However, this also might not be something wealthy people talk about — they may just do it quietly.
Find Out: 10 Genius Things Warren Buffett Says To Do With Your Money
They Value Experiences Over Things
The wealthy often prioritize experiences over material possessions because they already own everything money can buy. If you buy an expensive pair of shoes or go on an expensive trip, which are you more likely to remember in five years?
Wealthy people have the luxury of being able to travel more and experience unique opportunities, which can be a sign of a higher income than your average person.
They Use Private Banking Services
Among the less obvious signs of wealth is access to private banking products and services. This level of financial planning often requires specifically curated bank accounts, tax-advantaged investment strategies and other high-end financial services.
Private banking doesn’t necessarily come cheap, so if you know someone who uses this type of service, chances are they are well off.
They Have ‘Time Affluence’
A sneaky but highly telling sign of wealth is “time affluence,” or the feeling that you have enough time to spend on doing whatever you want. This is typically only possible for those who don’t have to work to survive or pay your bills.