How to pass on family values, along with family valuables is a major, if not the major concern, of Ultra-High-Net-Worth-Individuals. Since I am not one, I thought it best to ask my boss, she who rules us all, for her thoughts on raising Jurrasic Cruikshanks, not Candidia's daughter in the usual sense, but her favorite clone, age 6. Here is Candy's suggestion:
Duh! If you want your children to grow up to be wimps let them give you gifts at holidays, birthdays, and Mother's day, and get a touchy feely buzz out of it. Do like the losers do. And your kids will internalize this bullshit Goombaya attitude. But if you want to pass on Winner Values, have them sell you a gift - the biggest they can afford from their earnings running you errands, at cost plus 20%, with 2% for handling, payment in advance. You can afford $10 for their rinky-dink $7.50 piece of crap gift. When they see what profit is, they can go back and get you a $12 dollar gift. If they have any brains they can negotiate a loan against receivables. Jurrasic, is only 6 but last year she "gave" me a Gulf Stream jet, which I consider a nice gesture in itself, not that I need another jet, but it is a real life lesson too. Plus, each iteration of the gift, gives us something to do together as family.