That’s the challenging part for a wealthy parent, and why I pointed out it was the first class cabin. Gates can make the most admirable effort possible to lessen his kids’ sense of entitlement but they’re still likely not going to deliberately fly coach in their lifetimes. Unless you’re willing to wear the hair shirt all that money is going to have some effect on your kids and perhaps on you as well, if only for the options and lack of stress it offers.
Warren Buffett famously lives in a relatively modest home for someone of his net worth, but it’s still a 6570sqf house in a nice neighbourhood in Omaha and it’s fully paid off. Furthermore, if he or his family wants a change of scenery he has the choice of going to any luxury villa or hotel on the globe he wants.
That doesn’t necessarily make wealthy people dishonest or cheats, but having and keeping a high net worth can do a real number on your mindset.
