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5 money secrets self-made millionaires teach their kids

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Christopher Polk/Getty Images for NARAS

  • Steve Siebold spoke with more than 1,2000 millionaires to determine the secrets they teach their children to help establish good money habits. 
  • From, Wall Street to Main Street, people should look for opportunities on every level. 
  • Young athletes who play golf, tennis or other sports favored by powerful people have better networking opportunities. 

In Steve Siebold’s book "Secrets Self-Made Millionaires Teach Their Kids," the tennis-player-turned-professional-speaker shares insider intel he says will help children establish good money habits — and eventually make them rich.

Siebold spoke with more than 1,200 fellow millionaires and distilled their advice into 160 short chapters for parents to read with their young ones. Alongside general tips like "practice public speaking," "be curious" and "treat people well," Siebold highlights specific actions kids should take if they want to set themselves up for financial success later on. Frequently pulling examples from his own life, Siebold teaches children how to turn failures into victories, start thinking creatively and cope with criticism.See the rest of the story at Business Insider

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