Raising Heirs: Teaching Wealthy Kids About Money
Wealthy families spend a fortune teaching heirs to budget. The research says the variable that actually matters is when you tell them what exists — and most families wait until the mid-twenties.
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Children: How Wealth Shapes Upbringing and Opportunity
Wealthy parents spend $70K a year on a Manhattan kindergarten and $500K on a college consultant. The genuine risks to their children are not what most of them are buying against.
