5 Secrets Self-Made Millionaries Teach Their Kids

It’s not just about money. Successful parents also pass on good habits.

- Julia Glum

FOR HIS RECENTLY RELEASED Secrets Self-Made Millionaires Teach Their Kids, tennis-player-turned-author Steve Siebold spoke with more than 1,200 fellow millionaires, distilling their advice into 160 short chapters for parents to read with their children. Alongside tips like “speak publicly,” “be curious,” and “treat people well,” Siebold highlights actions kids should take if they want to set themselves up for financial success. Often pulling examples from his own life, Siebold writes about how to turn failures into victories, think creatively, and cope with criticism.

WATCH WALL STREET-AND MAIN STREET

Siebold instructs readers to pay close attention to what’s happening in markets of all sizes by both reading the Wall Street Journal and chatting with store owners in their towns.

“Keep an eye on the big picture and the local picture,” Siebold says. “We really should be watching everything for opportunities because they’re everywhere.”

AVOID “MICROWAVE THINKING”