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What kinds of financial skills are wealthy Americans planning to pass down to their children or heirs?
This wont be the case for Fortin.
He told GOBankingRates he plans to talk to his kids about delayed gratification.
Many of these skills are confusing to adults, especially those who lack the proper financial literacy background.
In a wealthy family, Fortin said its particularly important to teach children to be good stewards of capital.
Having wealth does not absolve someone of the duties of managing their money well.
However, many parents fail to teach it.
Nearly 30% of Americans surveyed by GOBankingRates said they never learned how to invest growing up.
Wealthy parents that are investing for their children are recommended by Fortin to show them what they are doing.
Ideally, this spark would allow them to get engaged and develop their financial literacy early.
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