10 Things The RICH Teach Their Kids About MONEY

10 Things The Rich Teach Their Kids - Today you are going to learn what the rich teach their kids about money.

Here you will learn the difference between Rich Parents and Poor Parents and what they teach their kids about money. Some things rich people do that poor people don’t talk openly about money, bring their kids on their money management and read books such as rich dad poor dad to learn important things like the difference between assets and liabilities.

The rich teach their kids how to get rich in today’ by showing them how money works in our society and the different way it can be made. They focus on financial education for their kids to prepare them for the real world.

Check out these other awesome videos from The Better Men Project.

Looking for 1 on 1 coaching? Email me at
with the subject line "coaching"

[kmydesire]

I wasn’t taught about money. My son is 12 and I refuse to repeat the cycle. We gotta teach them young

[WayneTheWolf]

Summary of this video:
1) Rich Parents Teach The Importance of Money.
2) They Teach The Difference Between Assets and liabilities.
3) How to manage their money(include kids).
4) Teach different ways to earn money.
5) Developing productive habits.
6) No One Owes You Anything.
7) Social and influence skills.
8) Delayed gratification(patience).
9) There is ALWAYS More Money.
10) The Best Way To Make Money Is It Help Others.

11) Bonus: They understand they can’t know everything. Surround yourself with people that know more than you...

Gift: Option to join “The Social Influencers Academy” that can teach you how to build a successful YouTube channel.

AMAZING INFORMATION IN THIS VIDEO!

[joelleabate]

1) Teach the importance of money
2) Teach the difference between assets and liabilities
3) How to manage their money
4) Different ways to earn money
5) Developing productive habits
6) No one owes you anything
7) Social and influence skills
8) Delayed gratification (patience)
9) There is always more money (for the things we want, our job is to go and get it)
10)The best way to make money is to help others (resolving people problems)
(BONUS) 11) They understand they don’t know everything

[mssonyah]

I’m teaching my grandchildren on a weekly basis Spanish, French, Arabic, they are 7 & 8 already speaking 4 languages. Money management, Real Estate and History. I’m a source of information passing it down to my grandchildren’s generation.

[TorbenRudgaard]

What we NEVER LEARN IN SCHOOL...
- How to do a private budget
- How to fill out loan applications
- How to manage credit correctly
- How to do your taxes
- How money works
- How to invest in real estate
- How the stock market works
- How to start a company
- How the legal system works (your rights)
WHY ARE WE NOT TAUGHT THIS AT SCHOOL???

[endrankluvsdaloko]

The poor spend. The middle class save. The rich invest.

[ericsu]

My dad taught me money can't get you everything, but having no money will get you nothing.

[Jake-hbbd]

I'm 17 now and learning a lot. I'm thankful I was born in this generation with tech. Learn while your young.

[mrkajko]

My dad is rich and he often lets me look at his presentations to learn about investing.

[easymath]

Money can’t buy you happiness but it does buy you comfort and it’s closer to it.

[BlessingsandButterflies]

One thing I have learned in this lifetime is my health is my wealth because if you don’t have your health how are you going to enjoy your As long as I have health it’s always room for wealth!!!!:)) Great work!!!

[LeNguyen-imdm]

Many poor families, especially Asian families tend to have many kids. They think that having many kids are good investments because when they get old, their kids will take care of them. However, the reality is that they can't afford all of their kids to have a good quality of life such as healthy eating, healthy environment, and higher education. One of the examples is that my parents keep asking my siblings and me $. It is sad.

[acajudi]

My father taught me and he was not rich. He said pay my housing first, do not buy a car. Do not get pregnant unless 35, and married 2 years, and only one child. I obeyed him, but I did buy car, had one child at 37, after 10 years of marriage, and I worked, and retired with pensions and SS. I help non beggars.

[iituyi]

Man just imagine if we learned all of this in school.. would we all be financially stable ? It’s not a guarantee but there would definitely be a difference.

[Allen-equf]

The rich teach their children to not talk about how much money they make.

[meganlukes]

My dad was rich but I still have no idea why money was important to him. He never spent it except on investments, houses (which he also made into investment), and nice cars (which he viewed as important to showcase to others including clients that business was going well.)We went only went on one vacation while my parents were married (first 12 years of my life). His life was incredibly stressful due to his drive to dominate his field (again no clue why since he never used the money, never got to spend time with his family (was constantly traveling for business) and ended up destroying his marriage). Luckily he found a woman equally obsessed with money but okay not spending it all who apparently doesn’t mind his lack of attentiveness.

[robertmelvin]

My parents taught me many of these lessons, not because they were rich, but because they were raised during the Great Depression and then passed these lessons to us kids. I didn't understand at the time, but I followed these lessons as I went from one job to another. First the lessons helped me survive from one job to another, until one day I woke up and discovered I didn't need to work, for my assets were doing all of the work.

[jayedenise]

My sons are 6 & 2 and I started teaching about budgeting, investments, and how to use "social skills" to.make connections since my 6 year old was 4. One thing I will start doing I start allowing him to sit with me when mapping out bills so you can tie that in to his other teachings.

[exody]

Money is Cool but remember god is always first no matter what

[siriuslymentalthatone]

My parents taught me 2 things:
1. Money cannot buy happiness
2. You can only feel proud of your wealth if it is hard earned, and you have to earn your money