Why do wealthy families stay wealthy? 'The Psychology of Money' author Morgan Housel shares his wealth secrets - 36Kr

Morgan Housel, author of The Psychology of Money, argues that staying rich depends more on habits than on simply making money.

He says the right money behavior matters more than education or raw intelligence, illustrated through personal and family examples.

Using the Vanderbilt family as a warning, he notes that chasing wealth as the only goal can undermine both assets and family stability.

Families that preserve wealth over generations tend to be restrained and low-key; for young people, contentment, social comparison, career choices, and self-knowledge are key.