Financial success may or may not be within your realm of possibilities and
it's because of one important factor your upbringing most of the things that
you know and believe are because of what your parents friends and your neighbors
taught you when you were little what you know about money is usually a result of
what you see your parents do or what they taught you about money that is why
in this video i will be talking about seven things the rich teach the kids
that the poor don't and if you're new to the channel then hit the subscribe
button below for more life-changing content
number one the value of a dollar one of the most uncomfortable conversations in
a poor family is any conversation that has to do with money if you grew up in
such a home you can tell the unease that sets in anytime a topic that has to do
with money is brought up that is not the case in a rich family they are usually
more open to talk about money and share their views one of the things that the
rich teach the kids that the poor do not is the value of a dollar what does the
value of a dollar mean are we talking about the current exchange rate of a
dollar to another currency or what the value of a dollar is teaching kids how
to earn manage and appreciate the value of money at a very early age this will
help them build the foundation that they need to have sound financial knowledge
teaching kids the value of money will also help them avoid unnecessary
spending and they may even learn the importance of saving money and investing
one of the ways that the rich teach the kids about money is by placing them on
an allowance kids do not usually know that people work for money before they
have it because their parents always provide them everything to them
therefore the rich avoid this incorrect notion about money by setting certain
tasks for their kids to complete in order to earn some money for example
they may attach a certain amount of money for some chores that their kids
can complete they usually increase this amount as they grow older and the chores
become more complex this is to teach them that hard work
pays off another way the rich teaches children about the value of money is by
showing them how to save money they encourage their kids to set aside a
certain amount of their money for savings they show them the benefits and
teach them how to separate needs from wants
number two asking for what you want if you grew up in a poor home you might
have watched your parents live in fear about everything especially when it
comes to issues that have to do with money scared that the creditor were
called to ask for his or her money scared they would lose their job or
scared that the stock market would crash watching them while growing up is a
lesson on its own and it can instill the wrong impressions of money on their kids
the rich on the other hand teach their children how to be bold and ask for what
they want for example a rich parent may allow their children to listen to their
conversations when making a sales call from there their children may begin to
learn the importance of asking for whatever it is that they need
the poor may teach their kids that speaking up means that they are being
rebellious or asking for what they want is just being stubborn rich parents
teach the kids to always speak up for their rights because life will not give
them what they want but what they demand from it no wonder it is usually easier
for a kid from a rich home to stand up in the crowd to make a presentation or
boldly request what they want if you want to teach kids like the rich you
have to teach them that if they want to make sales they have to make sales calls
and ask for a sale make them see that the other person they are talking to is
a human as they are and they do not need to have any reason to be afraid of them
the rich teach your kids to have high self-esteem and how to overcome fear and
this is one of the reasons why rich kids tend to grow up to become rich just like
their parents number three how to build connections
one of the things that the rich thrive on our relationships they have learned
to build solid relationships by making people feel valued and offering value to
them as well the rich teach their kids very early on the value of connection
their kids see how they relate with others when they go out and watch how
their parents make friends with important people they start learning
very early what it takes to make friends with people who have influence and can
help them in times of need moreover the rich take their kids along whenever they
are going to an important event they see how their parents socialize and pick it
up from there when kids of rich parents meet people and become friends they open
up a potential relationship between their parents the rich make their kids
see this and also encourage them to do so rich parents talk about the
importance of having rich friends with their kids they tell them that the
company that they will keep will influence the outcome of their lives
they show them how to build relationships with successful people by
taking them along to any event that they need to attend themselves number four to
get rich you need to solve problems one would think that the rich will always
give their kids whatever they ask for because they have it this is not always
the case some rich people show their kids that they cannot always have what
they want unless they work hard for it they explain to them the need to solve
problems if they want to become rich for example rich parents may ask their kids
to perform certain tasks in the house and get paid for doing so the kids will
usually do this because of the reward that is attached and very soon they'll
learn that in order to receive you must give first it is usually easy for rich
kids to learn these lessons because they can see their parents following the same
path most rich people become rich by solving problems for other people some
become rich by solving the problem of transportation some are rich because
they solve the problem of food while others are rich because they solve
problems associated with security whatever the case may be the rich make
money by solving problems and they teach their kids to do the same
for instance jeff bezos helps people solve the problem of buying goods online
and he is getting rich connecting people to what they need mark zuckerberg of
facebook is connecting people and he is getting rich solving that need the rich
do not only teach their children the importance of solving problems they also
teach them that the more important the problem you solve for people the more
money you will make if you solve a problem that most people can solve you
may not be paid as much as someone who solves a problem that only a few can
solve number five loving what you do will make the journey ten times easier
rich parents let their children see the importance of loving what they do they
know that this is of the utmost importance they watch their kids from
their infancy and see what they love doing naturally they help their kids
develop the talents that they see them exhibiting from a small age and it
becomes easier for their kids to do what they love they show their kids how their
career affects every day of their life and the reason why they must choose
their life paths carefully they also teach their kids that it is difficult to
invest your time doing what you don't have a passion for poor kids on the
other hand learn from their parents that they have to do whatever is available
just to make ends meet they end up taking jobs that they do not have a
passion for and perform below their potential most people who work at a job
but can't wait to go home fall into this category they are only doing it because
it is helping them pay the bills and not because they love what they are doing
rich parents teach the kids that they must be excited about going to work
every day they also teach them how to choose the job that will excite them
because this is the formula for financial success and fulfillment at
their job number six money will solve most of your
issues rich parents don't shy away from the
truth when it comes to discussing money with their kids they don't pretend that
money is not important poor kids grow up in a house that says
that money is the root of all evil but rich kids grow up in a house that says
money answers most things the mindset of a poor kid is that money is evil and
naturally we repel what we believe to be evil rich kids who believe that money is
important will find it easier to make more money money won't make you happy
but it can help you buy the things that will make you happy rich people know the
value of money and its importance most of the problems that the poor are facing
today are money related however they find it difficult to come to terms that
money will solve most of their issues money does not only help you get the
things that you need money also helps you to get more money you need money to
start a business or invest the rich teach their kids these benefits and make
them embrace the lessons about money from an early age
number seven learning how to go from no to yes most rich people know how to get
what they want they've learned how to go from getting an o to getting a yes so
it's no wonder most of them are rich they know that people say no only
because you have not given them enough reasons to say yes they know how to be
persuasive and how to use it to sell to others they teach their kids this
integral skill at an early age they start teaching their kids these lessons
by deliberately saying no to the request until they can give a good reason for it
they start teaching them how to negotiate and how to go from getting a
no to a yes for example if a rich kid needs some amount to buy something his
or her parents may ask that their kid convinced them to give them the money
for it this may help the kid think and be more creative with their request
over time they learn to develop the skill of persuasion and sales further
and get more yeses than noes the rich also teach their kids how to deal with
rejection they teach their kids that when someone rejects them it means that
the person does not know their value but that does not make them any less
valuable they teach them how to make others see the value of their offer the
same way they see it the things that the rich and the poor teach their kids about
money is important to their success and you've seen in this video
seven things that the rich teach their kids that the poor don't
thanks for watching if you want to go from the life you have to the life you
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