10 Parenting Principles Followed by Rich Parents

Every responsible and loving parent wants to see their children happy. And preferably rich. Unfortunately, there is no manual that teaches you how to raise a rich man, an entrepreneur, or a future celebrity. Otherwise, the world would be full of Rockefellers and Madonnas. And while that manual doesn’t exist, every parent learns to raise their children by trial and error, trying to give them the best and create a foundation for a happy life.

O awesome.club also doesn’t have that desired set of rules. But we did our little research and found out what principles some of the richest people in the world are guided by when raising their own children. And we look forward to sharing the results.

Now, when there are so many activities and educational programs out there, parents try to fill their children’s schedule with all kinds of classes, believing that this way the child will get smarter. But in reality, kids need time when they’re not busy—for games, creativity, and just doing nothing. This is when your brain learns to imagine, invent and create something new. Successful people know this, so they set aside time for “relaxed” and non-demanding hobbies, such as going for walks in the park.

Of course, not everyone does this. But many celebrities such as Bill Gates, Mark Zuckerberg or Daniel Craig decided not to leave their millionaire fortune to their children. They believe that children should learn to earn their own money. Jackie Chan commented on the matter: “If Jaycee can do it, he will make his fortune himself. Otherwise, he will just waste my money.”

There is a stereotype that rich kids are spoiled, capricious and selfish. But people who have made their fortunes understand that such an attitude leads nowhere. Therefore, they try to explain to their children the importance of thinking about others. They take their children on trips to less developed countries, participate in humanitarian projects and donate money to charities.
At the end of the day, this is not only “right” and good, but also beneficial. By understanding the population’s needs (eg, lack of medication or housing), you can invest in scientific research or develop a program to expand the construction of affordable housing. And so, increase your wealth.

This might seem a little absurd: if parents have millions, why can’t they give at least a few hundred for their “little expenses”? However, this is precisely one of the child-rearing secrets of the rich. They teach children to work from an early age. The son of Charles Feeney, founder of Duty Free Shoppers, for example, sold ice cream during the holidays. Thus, according to the businessman, he learned from his own experience the value of money and how to save it.

We might think: why clean and cook alone, when there are so many nannies and cooks around you? However, in many wealthy families, it is common for children to be involved in the domestic routine and learn to take care of themselves. For example, Kate Middleton and Prince William love to cook with their children.

Many parents attach great importance to the technical equipment of the schools where their children study. However, Steve Jobs, Bill Gates, as well as many Silicon Valley entrepreneurs, by contrast, preferred traditional schools — with pens, paper books and no additional electronic devices. Kate Middleton also believes that old toys are more useful than modern and technological ones. Therefore, the Duchess of Cambridge chooses dolls, cars and other things for her children that were popular in both her and her parents’ time. No video games or electronic devices.

In wealthy families, it is common for children to play sports. Thus, parents are concerned not only with the health of their children, but also with the possibility of creating bonds of connection that will help them in the future in life or in their careers. In addition, preference is given precisely to expensive sports — such as golf, tennis or horseback riding. After all, that’s where they’ll be able to make the right friendships.

Study, go to university, work… We are deeply convinced that this way of life is the only right one. It seems like the world will collapse if the kid doesn’t go to college. Who will hire you later? However, practice shows that it is possible to become rich and successful and have a good job without a college degree. Just remember Steve Jobs and Mark Zuckerberg, who never graduated from college.
In addition, the concept of lifelong learning — the process of lifelong learning — is becoming increasingly relevant today. And affordable online education casts doubt on the need for a traditional university program.

It may seem that this is not directly related to finances. However, many wealthy people have rituals and traditions associated with family gatherings. For example, Rockefellers regularly meet and together participate in different events and forums. And in Steve Jobs’s family it was common to have dinner together every night, discussing books and important news.

Rich parents know the importance of dreaming big. After all, they also fantasized about a beautiful life and dreamed of changing the world. Therefore, entrepreneurs and celebrities encourage their children to dream, imagine and invent, even if they are crazy projects. Because one day your child might actually find a way to make their dreams come true.

Which of the above rules, in your opinion, is the most important?