Quote:
Originally Posted by whitev70r
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It's important to keep elements of that from generation to generation. Otherwise, a future generation will blow whatever wealth the previous generation(s) accumulated for them. I think the commonly discussed # is 3. Have to make sure your kids understand the importance of investing, hard work, delaying gratification, etc...
Otherwise, we see the following cycle: Poor + work themselves to the bone -> wealthy & ungrateful -> poor again.