6 Things I Learned From the Book "Family Fortunes"

By Morgan HouselFool.com

I read the book Family Fortunes by Bill and Will Bonner.

Bonner is a successful businessman and a witty financial writer, creating a fun book that looks at how families build -- and keep -- dynastic wealth.

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Here are six things I learned.

1. A lot of wealth is caused by accident. Family money is not:

2. Money takes on a new meaning when you have more of it:

3. Family money resides in ugly places:

4. There is a big difference between having money and owning a business:

5. Old money is usually slow money:

6. None of this is easy:

Go buy the book here. It's great.

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The article 6 Things I Learned From the Book "Family Fortunes" originally appeared on Fool.com.

Contact Morgan Housel at mhousel@fool.com. The Motley Fool has a disclosure policy.

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