Imagine being given everything you could ever want from a young age. The best education, holidays and homes, then told you never really need to work because your family has more than enough money. A dreamy scenario for some. But there is normally a side effect: wealth robs children of motivation. The more money that is given to children from a young age, the less passion and motivation they have, say wealth advisors. Her work often involves meeting with these disenfranchised children and trying to find their purpose and vision. “Each individual needs a purpose, a reason to get up in the morning”.
Wealthy means they have money saved. This money generates them money so they can cover a lot of their expenses and have security that if their circumstances change they won’t be in financial trouble. The good thing about wanting them to become wealthy is that they get to define what wealthy means to them. There is no expectation that they have to earn a certain amount of money (although I do want them to be able to afford to move out when they are in their 20’s!)
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