Financial secrets that 1% of the most successful people in the United States teach their children

If you think that people who have tremendous wealth, care little about their expenses and financial education, you are greatly mistaken.

Фото: Depositphotos

By 1% of the richest people in the world are families with a fortune of 5 million dollars, writes CNBC.

Saving these millions can be a problem for wealthy families, many of whom have made themselves and do not want their successors to lose the money they have earned. Therefore, many representatives of these families teach their children how to handle money in such a way as to save and multiply it.

These ideas can help other people manage their capital properly.

Money perception

A healthy relationship with wealth begins with the understanding that money is not about money. Parents try to explain to children that the value of their family and any person is not how much money he has.

Parents often do not inform children about what condition they have before a certain age, so that the aspirations and ambitions of children do not fade; so that they strive to create something of their own; failed and achieved success in their own business.

Make the kids work

Children who were born into a rich family should be able to fail.

They are obliged to study hard and earn their own money, although their family does not need it. This allows them to know life and understand the true price of labor and money.

Family strategy

Understanding how the wealth of the family was created is crucial for its preservation. Children will understand what you have been through and how hard they have achieved this, and therefore will be more responsible about wealth.

By telling your family story to children, you can find common values ​​shared by all generations of your family, and pass them on to your successors, as well as define common goals.

Charity

Many people who have achieved financial success lead a rather modest lifestyle, but at the same time they are very generous in charity. Many of them create special funds, making charity a family affair.

Charity creates a special mental state, which further helps to responsibly treat money and achieve success.

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