So many 2nd and 3rd generation rich kids act like jerks. But some are impressive. I ask a lot of wealthy people with great kids how they were able to do it right Their answer always revolved around the same themes: Teach your kids to struggle with grace. Life is hard for everyone. Don’t bail them out for their poor decisions. Make them live with the consequences. Let them practice making decisions when the stakes are low (instead of putting them in a bubble) so that when the stakes are higher they have improved. Discipline is also a common theme. Kids need guidance and they turn into disasters when they run the show at any age. Love your wife and never mistreat her. Your kids will get deeply insecure if there is chaos in the household. And they will also abuse people in their own lives (or allow themselves to be abused) if you set that example. And then there is a little luck. All kids are different with different personalities. Generational wealth is a funny thing because money amplifies who people really are. If they are bad people, the results will be extra bad. But if they’re good, great things happen.