# What Wealthy Parents Must Teach Their Children Early | The Family Biz Show Ep. 131

Page: https://stenobird.com/podcast/the-family-biz-show-6510244/what-wealthy-parents-must-teach-their-children-early-the-family-biz-show-ep-131
Text version: https://stenobird.com/podcast/the-family-biz-show-6510244/what-wealthy-parents-must-teach-their-children-early-the-family-biz-show-ep-131.md
Podcast: [The Family Biz Show](https://stenobird.com/podcast/the-family-biz-show-6510244)
Published: 2026-05-05T14:45:00+00:00
Episode link: https://thefamilybizshow.libsyn.com/what-wealthy-parents-must-teach-their-children-early-the-family-biz-show-ep-131
Audio file: https://traffic.libsyn.com/secure/thefamilybizshow/Ep-131-with-Jeff-Savlov.mp3?dest-id=2118167
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JSON: https://stenobird.com/v1/public/podcasts/the-family-biz-show-6510244/episodes/what-wealthy-parents-must-teach-their-children-early-the-family-biz-show-ep-131
Duration seconds: 2860

## Resource

If you are raising children in a wealthy family, you may wonder how to give them opportunity without taking away their drive. This conversation helps you understand what children need to learn early so wealth becomes a source of responsibility, not entitlement. "I want my kids to appreciate what they have." "I don't want comfort to make them soft." "How do I talk about money without saying too much?" "How do I raise grounded children when life is already easier for them?" "What if I'm accidentally making things too easy?" This conversation gives you the answer. In this episode of The Family Biz Show , Michael Palumbos speaks with Jeff Savlov of Blum & Savlov about how wealthy parents and family business leaders can raise children with responsibility, gratitude, and character. Jeff explains that children can understand more than adults often assume, especially when parents use simple, age-appropriate stories to connect wealth with work, values, fairness, and purpose. Jeff Savlov is a family dynamics and family wealth coach who works with families navigating wealth, communication, parenting, and legacy. In this conversation, he shares practical examples of how parents can begin shaping a child's understanding of money long before trusts, inheritances, or financial statements enter the conversation. The core insight is simple but powerful: a parent's job is not to remove every challenge from a child's life. It is to give them the right amount of responsibility, struggle, and support so they can build resilience. When wealth makes life too easy, children can miss the everyday lessons that create confidence, accountability, and emotional maturity. You'll hear how small actions — cleaning up toys, caring for a plant, contributing to family chores, paying for part of a car, o…

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## Transcript

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