How Do Rich People Prevent Their Kids From Being Spoiled Or Arrogant ?

Hello ! steemain's 

 I feel like I need to write a book for this answer. But here are the basics. 

• You just don't buy anything they want; you have to make them earn it.
• You encourage them to make money on their own to buy what they want. This makes them value the money they make.
• As a parent you don't get involved yourself in wealth displays. Kids learn from you, the good and bad.
• Gradually  upgrade their life style from poor to middle class. Some parents went  through these phases but their kids didn't, so you have to manufacture  the experience for them to teach survival in any class.
• Your  wealth is not for granted. If they are not successful on their own, you  tell them they don't get to inherit your money. Or make them think you  will spend it all in your retirement. Or that you actually lost it all.
• You  make them aware of the value of money by small tricks like going to the  supermarket and telling them the budget and give them the shopping list  and letting them to pick and choose. Then reward them if they come back  with extra, to buy with the extra whatever they want.