Parents share extreme strategies to build generational wealth in a recent Business Insider video. Stories include a couple who saved in low-cost index funds, a mom who crushed debt with severe measures, and a dad who saved 80% of his income. Financial experts caution against scarcity thinking and stress discipline as key to building wealth.

Discipline, not extreme sacrifice, was the key to building generational wealth for these parents. Strategies like saving consistently, investing in low-cost index funds, killing high-interest debt, using tax-advantaged accounts, building an emergency fund, and teaching kids about money can help families build wealth in a more balanced way.

Generational wealth doesn’t have to come from scarcity or extreme sacrifice. The parents featured in the video used intense strategies shaped by their financial struggles growing up. For most families, steady habits, practical tools, and a long-term mindset are more likely to build generational wealth.

Read more at Yahoo Finance: Parents reveal the gritty steps they take to build ‘generational wealth’. Plus, how to teach kids about money