C-O-D-E-R-E-D

Children of rich parents tend to grow up dependent on other people doing things for them. Whether it is fixing their own stuff, doing their homework, or personally lining up to get their driver’s license, empower your children and help them develop confidence by allowing them to do things on their own. Most of the time, children of wealthy parents who own family businesses grow up knowing that someday they will have a turn at steering the reins. Children should be equipped mentally and emotionally to be up to this task. Instill in your children the value of a strong educational background and good work ethics. Since you have the money to send your kids to the best schools, encourage them to discover the world and make their own choices for the future.

Be open to the other interests that may have and be sure to stop yourself from showing disappointment if they show no inclination to follow in your footsteps.