Wealth cannot last more than 3 generations....

How true is the proverb above???

The Chinese has a strong belief. No wealth could last three generations for a family. A poor man could work hard in his life time, sending his children to the best education and finally he became rich. His children could have seen the father's hardship while they were young. The education enable the children to continue the father's business, expanding and increasing their wealth. However by the time the grand old man has his grand children, the family's wealth and richness could be over spent by the third generation. Reason; non of the grand children has ever seen the suffering of their grand father who started life with his empty pocket. Whereas the grand children's pockets are always loaded with the millions. The grand children are over pampered and the cash are there to spoil them in life. 

I'm glad I started with an Empty Pocket and I hope my children would not spoil my grand children. What about you there?