How can America’s rich teach their children the value of a dollar?

Susan Bradley, founder of the Sudden Money Institute, once ran a forum for wealthy parents at which one of them reported that their child was paying the housekeeper to make his bed. “And everyone thought this was hilarious and very enterprising, showing early business capabilities and that kind of thing,” says Bradley.

Also this bit struck me:

“[R]esearch on rich adults shows they’re far more likely to feel friendless than poor ones. “Think about it,” says Luthar. “How does any of us know we’re loved by friends? It’s when they come to us in a time of need. If we don’t have a time of need because we buy what we need, how are we going to know who truly loves us?”

Lots of other interesting points about Gates and Buffett planning to hand down only very small fortunes to their children, comparing Manhattan to the United Arab Emirates, etc.

The only curse everyone wishes upon themselves — the curse of wealth.

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