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Parents realize their wealth should be used for social good rather than children's good.

Recommend virtue to your children; it alone, not money, can make them happy. I speak from experience.

What my parents believed was that, you know, the best wealth they could give to us children was to educate us and, you know - give us that foundation.

There are parents with wealth who just want their kids to be wealthy, and then there are other parents with money who want to teach their kids how they got it. That's what my dad was like.

My philosophy is very much to encourage my children to forge their own success and happiness, even though that will undoubtedly involve much more modest levels of wealth creation.

Parents should plant deeply the seed of the work ethic into the hearts and habits of their children.

Parents have no greater responsibility in this world than the bringing up of their children in the right way, and they will have no greater satisfaction as the years pass than to see those children grow in integrity and honesty and make something of their lives.

To be a good father and mother requires that the parents defer many of their own needs and desires in favor of the needs of their children. As a consequence of this sacrifice, conscientious parents develop a nobility of character and learn to put into practice the selfless truths taught by the Savior Himself.

Riches do not delight us so much with their possession, as torment us with their loss.

Parents should have perfect control over their own spirits, and with mildness and yet firmness bend the will of the child until it shall expect nothing else but to yield to their wishes.