I'm at a similar income level, not super rich, but we live in a fairly low-income, low cost of living area. I make about 2x the average household income for my state - 3x for the particular county I live in.

Being spoiled is about attitude, not about how much stuff you have. We have some nice things, but we have a modest home in a safe neighborhood and put money into savings. My kid gets some nice gifts for Christmas and her birthday, but we don't go overboard on them and don't buy her tons of random things throughout the year for no reason other than her wanting them.

If she wants something, she saves her allowance and does extra work to earn the money to buy it. I worked hard to get to this level and, I'll admit, it wasn't easy and I'm damn proud of it. I want my daughter to know that this isn't something that's handed to you. It's something you work for, to value hard work and to take pride in her accomplishments.

We were paying for a housekeeper and someone to do the yard work for a while because work was super busy but in the end, we realized it was making us all kind of lazy - not being slobs and leaving messes, but it felt weird not doing normal chores, either so we stopped. We all work to take care of the place.

The biggest financial advantage she's going to get out of all of this is that we'll be able to pay for her college, or a large chunk of it, if she chooses to go. We're perfectly fine with that, because education is so important. She'll still be encouraged to work when she's not in school, or part-time during the semester for the experience and independence, but she'll be able to focus on her education without stressing out about money or having a bunch of college debt to pay off after she graduates.

My husband quit his job to go back to school and start his own business and I work from home, so she's kind of surrounded by adults taking education and hard work seriously and gets to see it first-hand.