Here are some :
1 . Never tell your children that you ’ re wealthy
2 . No matter how wealthy you are , teach your children discipline and frugality
3 . Assure that your children won ’ t realise you ’ re affluent until after they have established a mature , disciplined , and adult lifestyle and profession
7 . Don ’ t try to compete with your children
8 . Always remember that your children are individuals
9 . Emphasise your children ’ s achievements , no matter how small , not their or your symbols of success
10 . Tell your children that there are a lot of things more valuable than money .
In their book , The Millionaire Next Door : The Surprising Secrets of America ’ s Wealthy , Thomas J . Stanley and William D . Danko give handy guidelines from affluent parents on how they raise their children to appreciate and understand wealth .
4 . Minimise discussions of the items that each child and grandchild will inherit or receive as gifts
5 . Never give cash or other significant gifts to your adult children as part of a negotiation strategy
6 . Stay out of your adult children ’ s family matters
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