15 Ways To Make Your Children Rich
Your children will be poorer than you unless you act now, here are 15 things wealthy parents do differently, from showing kids how money is made, to the one thing you cannot buy on their behalf. Net Worth Calculator: https://www.alux.com/nw High Net Worth Individuals’ Favorite app: https://www.alux.app15 Cheap Mistakes The Rich Never Make: https://youtu.be/l4itPfcj5Ro
We put together a FREE Reading List of the 100 Books that helped us get rich: https://www.alux.com/100books
0:00 - Introduction
0:36 - Number 15: Show Them How You Make Money
2:17 - Number 14: Teach Them the Vocabulary and Rules of the Game Early
3:46 - Number 13: Reward Them for Investing in Themselves
6:03 - Number 12: Match Every Dollar They Invest in Stocks
7:45 - Number 11: Buy Them Coaching and Proximity to High-Value People
9:52 - Number 10: Create a Family Bank for Future Opportunities
11:35 - Number 9: Take Care of Their Retirement at Birth
13:30 - Number 8: Buy Them Cheap Land Outside the City
15:02 - Number 7: Pay Them Legally Through the Family Business
16:08 - Number 6: Monitor Their Friends, Change Neighborhoods or Countries
17:12 - Number 5: Let Them Lose Real Money While the Stakes Are Small
18:20 - Number 4: Have Them Tell Their Partner to Sign a Prenup
19:39 - Number 3: Make Them Prove They Can Manage Wealth Before You Give It
21:00 - Number 2: Add Them to the Family Trust With Investment Rules
22:22 - Number 1: Get Rich and Happy Yourself
23:35 - Bonus: Don't Obsess Over Legacy
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Get Rich Playlist: https://www.youtube.com/playlist?list=PLP35LyTOQVIsxb5Mf-Pr1xHJMZPtdIX8q
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