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What Millionaire Parents Teach Their Children
These recommendations will come in handy for adults as well. They certainly won’t teach that at school.
Every parent wants the best for their child. Moms and dads try to pass on their experience, give advice that, in their opinion, will help their beloved child achieve everything they can. But you can’t teach a person what you don’t know how to do yourself, and there are not so many real rich people among us. 1200 American millionaires shared their recipes for success – those who, as they say, made themselves, and did not inherit a fortune or won the lottery. Researchers have summarized their secrets and compiled seven tips that wealthy people give their children.
1. You deserve to be rich
To make a fortune by starting from a “low start”? Many are convinced that this is impossible. When you have a prestigious school, university, support from your parents behind you – then it’s another matter, then your career will go up the hill almost from the cradle. Well, or you have to be born a genius. Successful millionaires assure that all this is not necessary, albeit not bad. So, lesson one: you deserve wealth. If you provide a demanded product or service, you will certainly get rich. True, this requires working in a free market economy.
Money is not happiness, we were told. They said that with a sweetheart paradise and in a hut. But there is much more happiness when you do not have to think about money, and you live not in a flimsy Khrushchev, but in a cozy house. The biggest plus of wealth is the freedom acquired through it to live life the way you want. When you are rich, you can live anywhere, do anything, and be whoever you dream of. Most importantly, having money removes financial worries and allows you to enjoy your chosen lifestyle. For our Russian mentality, this is not yet a fully internalized truth. For too long, it was generally accepted that chasing money was a shame.
3. Nobody owes you anything
And in general, no one owes anything to anyone. You yourself must create your own future. Everyone is born in different conditions, that’s right. But everyone has the same rights. Millionaires advise: Teach your children independence and self-reliance. Paradoxically, the more independent we behave and show that we do not need anyone’s help, the more people are eager to help us. And psychologists confirm: people with developed self-respect attract other people.
4. Make money on other people’s problems
“The world wants you to become rich because there are many problems in it,” – … If you want to make money, solve some middle problem. If you want to make a lot of money, solve a big problem. The bigger the problem you solve, the richer you become. Use your unique talents, abilities, and energies to find solutions to a problem, and you’ll be on your way to wealth.
In America, everywhere you can stumble upon signs with the words “Think!” And for a reason. At school, children are taught exactly what they should think. And a potentially successful businessman must know how to think. Your kids will get tons of great lessons from the most educated teachers who probably don’t know anything about how to get rich. Teach your children to draw their own conclusions and navigate their own path no matter how many people criticize their ambitions, question their abilities, and laugh at their prospects.
Many psychologists believe that it is better for people to have low expectations so that they do not feel frustrated if they fail. They believe that people feel happier if they settle for less. This is another mass consumer-oriented formula. Teach children to stop being afraid and live in a world of potential chances and opportunities. Let the middle class settle for mediocrity while you strive for the stars. Remember that many of the world’s most successful people have been laughed at and bullied in their day.
As practice shows, not everyone is successful. The road to fame, wealth, and other pleasant things is paved with setbacks, failures, and disappointments. Survival Secret: Don’t give up. Whatever happens in your life, always believe in yourself and in your ability to cope with any difficulties in your life path. You may lose your supporters, but never lose faith in yourself.