How To Teach Your Child About Money If You Are A Wealthy Family

How do wealthy families teach their children about money?

What we are observing with many of our clients who have enormous amounts of wealth, and I'm talking about 1 million dollars and up, that they are very concerned about how their children are going to be able to handle money as they're growing up, or when the children inherit that money and so these wealthy families do take a more proactive role in trying to see to it that their children are educated in how to save and how to invest and how to consume wisely. Often wealthy families use their own financial planners or financial advisors to give primers to their children about what it takes to be responsible about wealth.