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10 Things The RICH Teach Their Kids About MONEY

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The rich invest and start business , and teach there kids what they are doing People that do business like investing in real estate, or other business they teach there kids how to invest I believe in giving my kids experience they will remember those experiences long after I am gone Money just gives you options I teach them this Just saving your money in the bank won’t make you rich , you need to invest that money in different passive streams Most millionaires shop at Costco and look for deals there nothing wrong with that That’s smart Nothing wrong with having nice things either Just be smart about it When people say money is not everything try having NO money that’s not good either, I would rather have money and have a peace of mind god forbid if my car breaks down or I need to pay for a hospital bill I won’t think twice handing that money over when buying that car or when I need medical care Or just want to go on vacation and won’t blink an eye if it cost me more …
Comment from : @AmanSS890

2025 alot of things will change
Comment from : @WealthBizGrowth1

Just came across this video A few years to late Hopefully one of the things that they don't teach their children is how to grow up to live and be like Donald J Trump That would be a big waste of wisdom
Comment from : @gilbertlopez8285

I’m 11
Comment from : @arlenevictoriqueordonalope9226

I have use it manny times for my chromebook's
Comment from : @cesarpenailillo6627

Buen video
Comment from : @cesarpenailillo6627

Thank you for your great work to put these incredible ideas today in one video
Comment from : @KhamPisethOfficial

I love you too baby and
Comment from : @Gianexa

I am Rich Johnson Nausi, Honiara, Solomon Islands
Comment from : @JohnsonNausi

Excellent information
Comment from : @clarity32123

The poor says money is not important no thats false tge poor says money is important which is why they spend a lot of money to make money giving money to the rich what are you talking about?
Comment from : @MovingFoward-e9h

Thanks that was a valuble and informative video straight to the point keep the gems coming
Comment from : @FinancialFinesse00

Public Manners & Morals
Comment from : @wendyshoowaiching4161

blabla
Comment from : @LastMatema

I handed my kids $1 for school today and told them that's debt bring back home something you can sell to mom for two dollars
Comment from : @joseacuna4660

$6000 a month Jesus Christ 😂
Comment from : @TheSMC1988

The one thing these videos never talk about is (TRUST) EVEN ROBERT KIYOSAKI got taken for money The trust part when it comes to investing is the part no one ever talks about These videos act like all you have to do is invest and you will grow wealthy 😆 lol
Comment from : @caruniv3287

The running rat, a term people would probably know for the running rat, is being stuck in the matrix The matrix of debt, bad money spending, and a ton of other things this video has exxplained
Comment from : @user-TheQueenOfMyPlaylists

I believe rich people do tend to 'save' for a down payment on a property that you want to invest Otherwise you are risking eeeven more money I believe saving 20 is enough to do itbrNever save all your money in the bank (this is plain dumb)
Comment from : @penguingobrrbrr353

First off, they actually TEACH them about money period That's the difference
Comment from : @FreedomSprout

😮
Comment from : @rubicervantes119

😊
Comment from : @rubicervantes119

Do you have any studies to support the claims in this video ? I am writing my master’s dissertation on this topic Thank you!
Comment from : @charloettie

Psychological-profile and review of the results of such profiles, the rich/politically-connected/royals/ do-Not know how to bring-up their kids Serious-and-Critical professions excludes them from going near Sometimes, their parents(smarter ones) forbid them from entering the business-premises and go open a small-cafe(outside) instead of creating troubles within Do-Not be jealous or envious or friends or there is actually nothing-much about them other than money and things money can buy Their dependency on others(servants) makes them handicaps in many areas and cannot even travel independently without paying for basic services Unable to handle life with lesser-money(salary of a low-level manager) to buy their way out (mental handicap) is the usual for these types Discards during difficult times, betrayals during normal times, outcast during good times review your own business environment for such statistics and profile them yourselves
Comment from : @engchoontan8483

Great message
Comment from : @larapayne6526

Great to see your videos You also add beautiful graphics Which programs do you use to add these graphics and infographics?
Comment from : @henrythomas7112

My mom keeps on saying that I have to watch this video
Comment from : @moshka007

1) Teach the importance of moneybr2) Teach the difference between assets and liabilitiesbr3) How to manage their moneybr4) Different ways to earn moneybr5) Developing productive habitsbr6) No one owes you anythingbr7) Social and influence skillsbr8) Delayed gratification (patience)br9) There is always more money (for the things we want, our job is to go and get it)br10)The best way to make money is to help others (resolving people problems)br(BONUS) 11) They understand they don’t know everything
Comment from : @joelleabate9859

Wtf?
Comment from : @500-MajorYT

Awesome🥰❤💯i am saving this for my collection
Comment from : @jaiprakashagrawal3580

Haha sure, planning monthly budget does require a monthly budget to give to the kids in the first place Sorry you are too poor to get rich Bad luck
Comment from : @davidd7834

This video is totally based on book rich dad poor dad
Comment from : @gauravgangwani5552

Pov: you grew up kinda poor and for some reason at 13 years old you have a fascination with economics and buisness
Comment from : @covers2343

So, I if a person needs a car to get to work and a typical quality used car loan in my region can be $500 a month This person should save up around 50K to be able to make their monthly car payment off the interest from their savings Well, obviouly these are lessons for rich kids All they need to do is borrow mommie's BMW while they save up to have a bank account big enough to cover a car payment with the interestbrAlso, Bill Gates reported he was leaving his kids $10 million, hardly a minuscule amount
Comment from : @williamhunter4183

This kid is right You want to be a rich man? You have to learn from the rich They work hard and teach their young at a young age about finances I wish all the regular people knew about this video My rich father taught me everything and helped me buy property to rent That helped me to invest around 40k Don't be poor and look rich, be rich and look poor because you invest He also gave me a job at his firm to teach me how to feel poor and appreciate the ins and outs of his world We so smart
Comment from : @Sarcastic_Asmodeus

Parents with jobs have kids with jobs and none of them get rich
Comment from : @andrewcheshire244

All of this is good and well, it's only missing the most important part- HOW Which pretty much renders it, completely useless info
Comment from : @andrewcheshire244

Mentally I'm rich but haven't start yet, cause I have all this on my mind Hopefully I'll start soon Please guys any advice for someone who like to bet money on sports
Comment from : @earthandeverything3932

My family taught me nothing, if it was not for youtube l would not of learned
Comment from : @heather-vs9qe

GREAT VIDEO
Comment from : @KhandokarRobi

Hehe
Comment from : @jays1980elite

Hi my name is jeff
Comment from : @jays1980elite

I like your video presentation It is informative too, at the same time Thanks a lot for your guidance!
Comment from : @elianasmith6330

I know some rich children who think money is just a toy and that it is infinite Not all rich kids know what it takes to be rich, I think that is a problem that some rich families have to face I believe it is important to control your kid's spending and help them understand what finances and money are, most although not all rich parents do this Someone who will become rich and someone who will stay poor is more of a mental thing than a luck, although luck can help in some cases I bet those children of wealthy families will be bankrupt by the next 20 years, or by the next generation at least
Comment from : @keagaming9837

Buy a house and rent rooms £2500 max with no tax if more you will pay tax
Comment from : @player100game2

You mean they send them to a private school
Comment from : @spicelesse4178

Thank you for this video It's very informative, and educational Something one can definjtely apply I have been raised in a single income household, and growing up, I have also developed this mentality from my parents Now a solo parent, and I am doing my best to make sure to fix my finances and also teach my 11 y/o son how he can make himaelf financially literate, and break the system that I grew up with Apart from education, being financially literate, regardless of age is also equally important especially for children of the new generation Keep it up!
Comment from : @nousdefions9600

owning a house is not a liability on the contrary, real estate is often the only asset people have
Comment from : @trojan88tm

Thanks for your advice am really appreciate
Comment from : @okidijamesoyutu4610

Lzn is more secure than shiba and Titano
Comment from : @ansarrabiu5902

Why buy a car that costs you $500 a month? Why not just save up money and buy whatever card you can pay cash for?brbrI realize there is an argument for having an offsetting asset with a higher rate of return than the interest on the car But there is some utility to not having to pay the payment, also If you pay cash for it, you may end up spending lessbrbrOf course now, with the supply chain crisis, used vehicles are not depreciating the way they used to
Comment from : @SaudaraLink

Thanks
Comment from : @okidijamesoyutu4610

I believe there is one more that should be added You are the sum of the five people you associate with the most brbrLook at who your closest friends are If they are the “live paycheck to paycheck type,” with no intention of bettering their financial future or even their personal growth, do not save or invest, watch television instead of reading books, and dismiss the dreams of anyone reaching for success…guess who you will end up just like?!brSurround yourself with those who push you forward, not hold you back
Comment from : @scottgould6590

I see I have some of the social negatives I cant seem to get over
Comment from : @jayescreations489

I was not taught about money and as a kid thought that people who thinks about money, money, money are greedy, shallow bunch of pretentious sub humans Not until I had kids did I realize that I needed money to give them necessities People whose existence and confidence based on their wealth are never happy, but if you are poor and stealing, you wouldn't have self dignity either I have seen rich and powerful people from my father's generation fell off their high horse and came to a sad existence, which even the rich and famous will end up So don't be too greedy
Comment from : @janemadrid2845

It’s like my sister and me…brbrShe is about spending and me investing in my music business
Comment from : @riyaahlopez3352

Thank you a lot for this video This is very interesting and informative Keep posting like those amazing videos, this is awesome
Comment from : @lucillemargot5175

THANK YOU FOR THIS! Now let's teach this to young learners!
Comment from : @threelittlepigslearnaboutmoney

bWe are what we repeatedly do Excellence, therefore, is not an act but a habit/b
Comment from : @millionairemind724

The Poor parents Don't teach theres Kids about money Because there Don't Know How
Comment from : @henrycolling4819

A home is not a liability nimrod
Comment from : @mikemiller8694

Because Racism and Fiat Dallas have nothing to do with this equation🧐
Comment from : @fields1336

I've been searching Youtube videos for a full year now trying to find someone who can actually teach from the wealthy side of how to build wealth I need, as you say, someone who can actually solve problems and is fearless enough to pull back the curtain to teach step by step, nuts and bolts of how to All I've been getting is fluff, not quite the full answer, because they are scared to give too much away There is always more money, most people come from a place of scarcity Thank you so much for your video, transparency and genuine willingness to help others
Comment from : @hajiimpressions8113

EDUCATION AND INVESTMENTS IS KEY 🔑 🏆
Comment from : @jessewilson9782

This is the most anti-socialist thing I’ve seen in a whilebrbrLove it
Comment from : @Based_Is_Best

You have no idea
Comment from : @nazariomega

Regarding 5:00, a car for $500/month is a Nissan or a Hyndai
Comment from : @lubasolonenko5909

stop stop stop stop stop stoppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppp stopppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppsssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppppp
Comment from : @karahkattick2296

quit youtube
Comment from : @karahkattick2296

The rich people are to always learn off the poor people from the poor people to not bitch and complain from their many controlling of emotions and thinking to create their great survival skills from the poor people's of many controlled mind states of survival from no bitching and complaining from their very strong mind determination of adaptability
Comment from : @nickyseccia3478

Wow, I have to work hard
Comment from : @VeniseStPaul

This is great!
Comment from : @KayakFishing44

I was really enthused by this video until I noticed the colorism here… smh
Comment from : @jammieminor7189

So all the people that say they are doing stuff or have done stuff, or get what’s said here are implying that they are wealthy? Rule 11 Don’t lull yourself into falsehood
Comment from : @Bokgat

How
Comment from : @zonicchaoz

Long ad fer a book
Comment from : @robmorris87

I would be grateful if my parents taught me any of these in my childhood
Comment from : @ImSuriii

Sorry but the poor never get a decent salary,never mind 6000 dollars a month brThey are paid by the hour and cannot afford to spend money on cars, new clothes or holidays
Comment from : @marleneflourentzou680

This is awesome!!! I needed to hear thisbrbr“When you don’t have a paycheck, you get hungrier, smarter, and it’s a test of your character”
Comment from : @EchoesBlackSwan

I dropped a video on my channel touching on financial literacy in the black community , definitely a good watch
Comment from : @simmonsnationproduction