This 2007 article was the first comprehensive review of the psychology of wealth literature at the time. It also introduced the now-classic metaphor that wealth acquirers are like “immigrants to the proverbial Land of Wealth” while inheritors are more like “natives of wealth.” It summarized the perspectives on wealth at that time, providing insights and recommendations for understanding the similarities and differences of wealth’s acquirers and inheritors. In retrospect, some of the commonly-accepted principles about the ephemeral nature of wealth across generations – the “shirtsleeves to shirtsleeves” adage – have now been shown to lack foundation. However, many other parts of the article remain helpful today, nearly twenty years later.