You’re Rich. Here’s How To Raise Great Kids.

About this episode

Hampton discusses the challenges of raising children in wealthy households and the common pitfalls wealthy parents face.

JOIN HAMPTON: This episode came directly out of conversations happening inside Hampton, a private community for founders and CEOs with $3M+ in revenue or $10M+ exits. Members range from $5M net worth to billions. They wrestle with these same questions off the record. Apply at http://joinhampton.com/mw. HOW FOUNDERS ARE BUILDING WEALTH: How much do founders actually make, spend, invest, work, and keep in net worth? Hampton surveyed founders directly and put the answers into one report. Download it for free here: https://joinhampton.com/mw-wr THIS EPISODE OF MONEYWISE: 70% of wealthy families lose all their money by the second generation. 90% lose it by the third. The data is even worse for the kids themselves. Children from households making $200K+ have rates of anxiety, depression, and substance abuse 2 to 3 times the national average. 22% of affluent suburban girls show clinically significant depressive symptoms. So how do you raise a kid in a wealthy household without breaking them? In this episode of MoneyWise, I went back through every conversation we've had on the show about parenting and money. Doctor Becky. Taylor Adams (from a multi-generational billionaire family in LA)…

People in this episode

Host: Hampton

Topics covered

• wealth management
• parenting
• mental health
• founders
• family dynamics
• financial education

Keywords

• wealthy families
• parenting
• mental health
• founders
• financial literacy
• anxiety
• depression
• substance abuse

Mentioned in this episode

Organizations: Hampton

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