11 Quiet Habits That Kept My Family Wealthy for Four Generations

My great-grandfather started with one small textile mill in Connecticut. Four generations later, my family still has money, and almost nobody in our town knows it. Most families lose it by the third generation. Here are the eleven quiet habits that kept ours, passed down at the kitchen table, and the one rule that saved everything in 1974. Chapters: 0:00 Shirtsleeves to shirtsleeves in three generations 1:07 Who I am 2:39 Habit 1: Your income never decides your lifestyle 4:39 Habit 2: Buy the best once, then keep it for decades 6:29 Habit 3: Never talk about money outside the family 8:11 Habit 4: Pay yourself first, automatically 9:55 Habit 5: Own things that pay you 11:44 Habit 6: Never borrow for things that lose value 13:40 Habit 7: Always keep dry powder 15:46 Habit 8: Teach the children to work before they inherit 17:51 Habit 9: Hold a family money meeting once a year 20:07 Habit 10: Put it in writing before you need it 22:18 Habit 11: Spend the income, never the principal 24:40 Bonus: the one-evening exercise 25:20 The eleven habits in one minute Which of these habits did your parents or grandparents have? Tell me in the comments.