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If you want to build real wealth, you can’t rely on what traditional schools teach about money. In this video, Mark J. Kohler breaks down the practical money lessons wealthy families pass down to their kids, giving you the mindset, habits, and strategies most people never learn growing up. These are the simple but powerful principles that separate those who stay stuck from those who create financial freedom over time.
You’ll learn how rich families teach their kids to manage money, invest responsibly, think like entrepreneurs, and build long-term assets instead of chasing quick wins. Whether you’re a young entrepreneur or someone just now starting your personal finance journey, this video will help you make smarter financial decisions, avoid costly mistakes, and change the way you think about building wealth for life.
If you found this helpful, subscribe to the channel for more lessons that actually move you forward. Share your biggest takeaway in the comments, and check out the other videos on smart money habits and long-term wealth building!
CHAPTERS
0:00 Intro
0:39 Lessons on Money I Learned From My Parents
1:37 Entrepreneurship — Building Wealth with Ideas
3:19 Education Opens Doors — But Not the Way You Think
4:44 Work for Someone Else First — Become an “Intrapreneur”
5:44 Use Tax-Smart Accounts — Like the Roth IRA
7:40 Invest in Real Estate — Build Wealth That Works for You
9:20 Outro
Resources:
Interview a Main Street Tax Pro that Speaks like Mark: https://taxadvisornetwork.markjkohler.com/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=youtube-scripted-longform&utm_content=5-money-lessons-rich-parents-teach
Meet with a Real Lawyer on Zoom: https://kkoslawyers.com/schedule-an-appointment/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=youtube-scripted-longform&utm_content=5-money-lessons-rich-parents-teach
Self-Direct Your IRA or 401k- Buy a Business or Real Estate with Your Retirement Account (Directed IRA): https://directedira.com/appointment/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=youtube-scripted-longform&utm_content=5-money-lessons-rich-parents-teach
Keep Your LLC or Corp in good standing and Hide Your Address (Main Street Business Services): https://mainstreetbusiness.com/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=youtube-scripted-longform&utm_content=5-money-lessons-rich-parents-teach
Become a Certified Tax Advisor in Mark’s Program – https://mainstreetpros.com/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=youtube-scripted-longform&utm_content=5-money-lessons-rich-parents-teach
Connect:
Website: https://markjkohler.com/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=youtube-scripted-longform&utm_content=5-money-lessons-rich-parents-teach
LinkedIn: https://www.linkedin.com/in/markjkohler/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=youtube-scripted-longform&utm_content=5-money-lessons-rich-parents-teach
Facebook: https://www.facebook.com/markkohler/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=youtube-scripted-longform&utm_content=5-money-lessons-rich-parents-teach
Instagram: https://www.instagram.com/markjkohler/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=youtube-scripted-longform&utm_content=5-money-lessons-rich-parents-teach
X: https://x.com/markkohler/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=youtube-scripted-longform&utm_content=5-money-lessons-rich-parents-teach
TikTok: https://www.tiktok.com/@markjkohler/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=youtube-scripted-longform&utm_content=5-money-lessons-rich-parents-teach
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