Helping children in affluent business families understand the value of money
Listen to Dr. Lee Hausner of California share her views of how affluent business families can help children become responsible with money early on in their lives, and understand the limitations and expectations around money. It is important for affluent parents to distinguish between what their children need and what they want. Giving children an allowance from a young age can help teach them limitations and will raise them to be more responsible with money in the future.
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