As parents, we often don’t know how to talk to our kids about money. Even I find it tough - and for the past 25 years I’ve been guiding and stewarding the wealth and aspirations of some of the most successful professionals, business owners, and wealth creators in the country. Whether they become wealthy slowly or suddenly, one of the biggest concerns clients share with me, after the need to protect their wealth, is the impact this money will have on their kids. How do I keep them motivated and prevent them from becoming materialistic or entitled?
"How to Talk to Your Kids About Money When You Have a Lot of It" is from hbr.org, published on September 13, 2016.