Ocean County Observer - 8 money values to instill in children

Ocean County Observer - 8 money values to instill in children: "8 money values to instill in children
Posted by the Ocean County Observer on 08/28/06
BY RUSS WILES
GANNETT NEWS SERVICE

Millionaires, for the most part, have it easier than everyone else.

But that doesn't mean wealthy people manage their riches well or instill solid money values in their kids.

Famed stock picker and multibillionaire Warren Buffett recently went public with some wealth-management tips for his adult children, focusing on charitable giving and making a difference in the community.

Buffett's exercise got some private bankers at JPMorgan, which caters to some of the world's wealthiest people, thinking along the same lines.

Drawing from their own interactions with upscale clients, five private bankers from offices around the country recently put forth eight observations about wealth, kids, rights and responsibilities.

Here's a summary of their comments:"