Reply to Affluent parents -how do you handle money and your kids?

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[quote=Anonymous]We taught our kid that a lot of luck combined with a lot of hard work and being open to opportunity helped his parents become wealthy.

That wealth and money can be spurious so to value people and experiences over things.

BUT. We still buy things.

We are not trying to pretend we are middle class. We have the luxuries of retirement, savings, discretionary income. My kid can see that. So no amount of couponing and sales racks will  hide that.

We work hard, contribute to the economy, and give back. A lot. We donate tons of money AND time to charity and volunteer work.

We are generous with our friends and family. Stingy is not pretty.

Like another PP pointed out, we reason financial decisions out loud and in his presence.

We raised a nice kid who KNOWS he 
is incredibly privileged and as a result, is generous and thoughtful and respectful and GRATEFUL.

There is priceless value in being a good human being.But pretending you are not wealthy is not being a good human being.

It's putting on a nice sweater.[/quote]

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