Why do some people become successful and rich, and others don't?
That's a tough question.
But there's no denying the fact that upbringing plays an important role in it.
All parents want the best possible future for their kids but, unfortunately, not all
of them know how to raise their children to be financially smart and ready for big achievements.
If your parents do (or did) the things from this list, you're headed for success in life!
1.
They make their kids feel responsible If a kid does something wrong, good parents
don't just scold and punish them.
They let their child face the consequences of his or her behavior and fix the situation.
For example, if a child breaks a cup, they're told what they can do to clean the mess.
Giving clear instructions that'll help a kid sort out a situation on their own will work
much better than nagging.
That's how children will not only understand that it's important to be more careful with
stuff since it costs money, but also learn to be more responsible.
And, of course, being responsible for your actions is one of the most crucial traits
of character when it comes to future success.
2.
They teach their kids how to save money Every grown-up knows that you’ll struggle
to manage your income if you're bad at saving money.
Adult life is about realizing that you can't have it all right away; first, you gotta plan
how you're gonna get it.
That's why, just like adults save money for a vacation or a car, a kid should learn to
put aside their pocket money as well.
Most parents buy them piggy banks or just use old jars.
The child decides what they want to save up money for and puts special labels on the jars.
An expensive toy or a new bicycle would be a good example.
That's a great way to show a kid how to spend the money wisely, avoiding splurging on a
momentary whim like a bunch of candy.
3.
They educate kids on money For some reason, there are parents who avoid
talking with their kids about money.
These kids most likely believe money appears in the ATM by the wave of a magical wand.
If it were only true!
Obviously, children with these beliefs have lower chances to be financially stable when
they grow up.
Because without financial education, children don't understand the real worth of money.
That's why it's important to include a child in discussions about budgeting and spending.
Going shopping?
Great, now you both take some time to talk over the shopping list.
Is there some way to spend a bit less by giving up an item or finding a cheaper alternative?
It's better when kids know how much their parents earn.
That way, they realize that money isn't some unending resource, which in turn teaches them
the necessity of being thrifty.
4.
They don’t instill negative beliefs in their children
Unfortunately, some parents sometimes say stuff that ruins a child’s confidence in
themselves.
Phrases like “You can’t do anything right”, or “You’re a real failure” might, at
some point, come out of their mouths without realizing what a devasting effect it can have
on their kid’s future.
It’s obvious that a person who doesn’t believe in themselves has a tough time achieving
things in life, and has huge doubts about taking steps toward their goals.
Financial negativity sounds like “Money is the root of evil”, or “It’s impossible
to get rich and stay an honest person at the same time”.
A child who keeps hearing this stuff at home won’t be motivated to even try to make their
dreams come true.
But let’s get real here – money isn’t evil; it’s just a piece of paper.
It’s all about how you use it.
And, of course, there’re tons of stories when people made fortunes simply by being
proactive and really hard-working.
By the way, do you know any of them?
If yes, tell me about it in the comments below!
That’s why a good parent tries their best to focus a kid’s attention on their talents
and strong points, building their self-esteem.
And also, adults should raise their children with the faith that everything is possible
if you put enough effort into achieving it.
5.
They praise their kids the right way It’s natural to praise kids for their achievements,
no matter how small they are.
But it’s also important to praise them for the hard work and effort they made that lead
to the accomplishments.
For example, if a kid got an A on the test, a parent should pat them on the back, not
for a great grade, but for the diligent studying.
Or if a child won some competition, they should be praised, not for the prize, but for the
numerous training sessions that led to the outcome.
That’s how a kid will understand that it’s not just all about results.
The effort you make towards your goal deserves to be noticed and respected despite the outcome.
And even if you failed to achieve something, your work won’t be in vain, because you
sharpened your skills and have added to your experience.
That’s why praising a child for doing their best is a great way to show them what real
success is about.
Most likely, when kids grow up, there'll be a period in their life when they have to work
hard without any visible results.
And acknowledging and admiring their own diligence will help them to stay on track.
6.
They teach kids how to be independent Having overprotective parents might be the
biggest reason why kids don’t succeed later in life.
I mean, why would you bother doing something on your own if you know someone else will
do it for you, right?
Of course, such parents don’t mean any harm, and they sincerely believe they’re acing
the “raising a kid” game.
But in reality, they set up their children for a future full of failure.
A child will feel like they’re not capable of doing anything on their own, and they’ll
even be scared to try.
Such kids don’t see any point in exploring the possibilities life gives them since their
parents’ attitude caused a sense of insecurity in their own abilities.
Now let’s play a guessing game.
What are the chances these kids will become rich?
Yeah, it’s somewhere around zero.
Because success has a lot to do with being able to try new things, to risk, and to overcome
your fears and doubts.
7.
They make kids do chores Do you like taking the trash out?
I bet not, but you do it anyway!
There are a lot of things we do just because we have to.
And we can thank our parents for that.
Even the youngest kid in the family should have some responsibilities when it comes to
household chores.
It can be as small as putting their favorite toy on the shelf.
From an early age, a child should know that each member of the family has to contribute
somehow to the betterment of the whole.
That’s not only a great way to teach kids how to be responsible, but it also helps them
realize how important collaborating is when it comes to getting things done.
You wash the dishes, I clean the floor – and voila – the kitchen is spotless.
And I can’t stress enough how being a good team player who doesn’t slack is important
for a future career.
8.
They have family rituals Now here comes a bit of science!
A study published in 2015 in the American Journal of Public Health reveals that children
with strong social skills in kindergarten will thrive as adults.
In case you didn’t know, the best – and the most enjoyable - way to encourage these
social skills is by having family rituals.
Simple things like cooking meals together, playing board games, evening walks, and annual
vacations help to create an atmosphere of acceptance and belonging.
These feelings are what we gain through communication, not only with our family, but other people
as well.
And I’m sure you agree with me that great communicating skills is something any successful
person has, because we’re social beings and have to know how to navigate in a world
full of people.
And this brings me to my last point…
8.
They help kids build meaningful relationships Having strong relationships is essential for
children’s growth and psychological well-being.
Kids who don't have meaningful relationships tend to have lower academic results and are
more likely to misbehave.
In the worst cases, they might even have psychological problems.
That's why parents who want their kids to succeed help them foster healthy and strong
relationships by scheduling play dates with other kids and encouraging them to take part
in activities they enjoy.
The experience from those activities teaches children how to manage their emotions and
resolve conflicts, which are a must for a grown-up who tries to build a prosperous life.
How about you?
Is there anything you could add to this list?
Let me know down in the comments!
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