Dear Parents: Your Status and Wealth Doesn't Have to Change Your Child's Character

The way I see it, the words wealthy and rich are two totally different things. Rich is when you have money to spend — it's neither an object nor an issue. Wealth, on the other hand, is when you have enough of that money (along with land and other assets) to leave to your children and your children's children. From that perspective, I did not grow up in a wealthy family, and neither did Michael.