120: How Wealthy Parents Raise Their Kids (Without Spoiling Them)
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120: How Wealthy Parents Raise Their Kids (Without Spoiling Them)
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70% of wealthy families lose everything by the second generation. I could be one of them.
I’m Christopher Nelson, and despite building a $7M cash-flowing portfolio and going through three tech IPOs, none of it prepared me for the realization that I might be raising kids who would destroy it all.
Living in Silicon Hills—Austin’s tech bubble—my three sons were growing up in luxury, worried more about iPad batteries than anything real. Like many high-earning parents, I thought I was doing enough: financial literacy apps, savings accounts, investment talks. But I realized I was actually creating entitled kids, not financially responsible ones.
That’s when everything changed.