
18. Don’t Spoil Your Children When You’re Rich
If your children are old enough, they’ll be excited about the items you can buy them. While you might not hide your new wealth from them, this doesn’t mean that you need to give in to their every tantrum. Stand your ground when it comes to protecting your children from money, so they learn how important it is to work hard.
Another way you can use this wealth to teach your children a good life lesson is by showing them what happens when they invest money. You can do this by putting money in savings bonds, accounts, or even a trust where they can get an allowance without paying any penalties. In other words, teach your kids how to let their wealth grow so they can still work but don’t need to worry about money.