The Meb Faber Show - Better Investing cover image

Sarah Stanley Fallaw - The Psychology of the Millionaire Next Door | #481

The Meb Faber Show - Better Investing

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How to Tell Your Kids You're Rich

Millionaires say they shouldn't tell their kids that they're wealthy. But telling comes in a couple of different ways, he says. "We can tell them by the things that we're buying" is one way to do it. If you live a very awesome, tasis lifestyle and project what you really care about are material items, children will pick up on this more than just saying 'Hey, this is how you should think about money'

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