In the past, wealth could be obtained through thrift and savings; Now, if children want to be "really rich", parents should set an example and cultivate their children's correct view of money from an early age in order to obtain spiritual satisfaction. To combat the spread of childhood affluence, it is only a negative practice to give less inheritance. Only the correct wealth education is the best way.
When it comes to wealth education, many people can easily narrow it down to financial education. Wealth education is actually to establish a set of values corresponding to material life, which is much deeper and wider than just teaching children how to save money and make money.
Myers, a professor of psychology at the University of Hamburg in Germany, suggested that modern parents should educate their children on three major wealth abilities:
The ability to use money correctly, the ability to deal with material desires, and the ability to understand scarcity and the limit of money.
The most important thinking behind these abilities is to take responsibility for yourself and solve problems by yourself. Cultivating children's three wealth abilities is the most precious wealth left to them.