Topic: Luxury and spending lifestyle fastest way to poverty rich kids - page 2. (Read 1341 times)

Money is the root of evil.  There are many people who cannot hold on to money. It is a very bad vice. Spending too much will destroy you.  Everyone should understand the meaning of money in time.  Nobody wants to spend all their money drinking alcohol and then living the life of a beggar.

So with this we should know that if we really want to have good offspring then we also have to behave better in front of our children in the end even though out there we are someone who is an asshole but still we should not show something bad in front of the child because again a child is a reflection of the attitude of his parents as well so it is important to show something positive if we really want our children to behave positively including in economic and lifestyle issue.
It is not wrong to give what our children need but that does not mean that we have to spoil our own children because we as parents must have a good teaching so that children are independent and mature to support their lives later.


As I said before, children's attitudes are dominated by their vision of the people around them and parents provide most of the attitudes that children imitate because children are always close to their parent.
Therefore if we really want our children to behave better then indeed the application of discipline is important and one of the best ways to apply it is how we behave. If in the end we show a negative attitude in behavior then do not expect our children to behave better because they will imitate what we do.As in business and in economic matter this is also important if in the end we want children to be able to appreciate money then indeed we as parents should be able to show how to treat money well if in the end we are wasteful then do not blame our children who can be more wasteful.

There are many rich people that had ended up becoming poor because they were not able to think properly and make investment when due. Cryptocurrency has it own risk so we need to be wise and make plans before we enter the market. Many rich children don't know how to spend money and such weakness can make them to become poor when they are not able to manage there parents properties.
This is why we need to keep working and creating new opportunities form ourselves even when there is excess funds.

I think there is a border between spoiling and giving comfort, I believe we could give comfort to children without spoiling them. As for example in real case, we can send our kids to the best school with good facility and good social life, but we shouldn't interfere with his activity in the school.
Giving the best comfort is parents responsibility, but spoiling kids is not, most spoiled kids end up having bad behavior.


This is true, especially when the kids start to get into teenagers phase, they will spend most of their time with their friends instead of their parent, the privilege of being a rich parent is they usually have the option to put their kids in good environment, while low-middle class parent don't have many options.

I bet to disagree that all the blame should be pointed out to the parents alone. The environment is also a big factor that affects the growth and welfare of our kids. That is why kids should also be selective when it comes to their peers because not all of them will bring out the best in them, but will lead them to some negative habits that if left unnoticed by parents, these kids will grow believing that what they are doing are right.

It's not bad to let our kids experience luxury in life but there should still be balance in everything as life alone should be well balanced as well. Otherwise, if they always find things easier for them without exerting lots of efforts, I'm afraid that they will not be exposed to the real battles in life and end up quitting or committing crimes just to find easy things way out.

Morality is different between rich children and simple children, rich children are more free because the conditions are already comfortable to enjoy life, they don't care about running out of money, not even useful or bad effects in the future, yes I agree, that they only rely on pleasure and convenience for the wild flow of money, either the money they get or the money they get out, unfortunately many are taken advantage of by people like that, especially something that has no clear benefits including drugs and abusing them.

It is important to educate financial management and restrictions from an early age, because even with a life of buying something useful, it can spend money, especially if it is uncontrollable.

The rich buy out of curiosity and the poor think that money is so fast to get even by tricking or selling goods to get a very large amount of money when compared to selling any goods to ordinary people. there are those who take advantage when there is a gap like what you said, maybe if you can estimate whether this will continue to increase or decrease in the next year in the country?

That is, if the parents realized this kind of upbringing. Because later on, it is their kids who will suffer.
If they don't know how to earn money, they will also spend it extravagantly without considering how it is being raised.
Anyway, if a person will experience hardships in life, they are more cautious on how they spend money.
So in time, they will learn their lessons the hard way if they won't mind spending their money to just basically anything.

It is rare to see rich kids getting broke these days after the death of their rich parents. The rich parents have come to understand this concept. They know that since the wealth is not gotten by the children they won't know the value of it. So what they do now is that they employ their children in the same organization and one way or the other the children are contributing to the business and getting paid. Instead of giving them money you indirectly do that by making them work for you and gradually they will understand the nature of the business.

Another way to do this is to make your child your assistant so that every happenings is in the business he would be aware of. Once he/she consistently follows you everywhere he will understand the importance of money and how to manage it.

Not here to compare the brains of ants to those of humans, but their brains are tiny and focused on what to do. Humans have large brains and huge responsibilities allocated to us. Hence, it's not simple to get past the challenges behind the lifestyle we find ourselves in. A rich kid with his exposure to wealth at a young age, is also allocated responsibilities to tackle, growing up. Most kids face the challenges of having to deal with the wants of their parents. Parenting rich kids requires too many principles and few parents always treat them the hard way. They're expected to go the route their parents want them to go. School, traveling abroad, and expensive lifestyles are under the supervision of their parents. Many kids on this radar don't have a say and their opinions contrary to that of the parents are frowned upon and they get punished. Some may not be given pocket money or gifts. Lack of parental care affects them emotionally, their parents don't have enough time with the kids, and they only focus on generating money.

Attending business meetings. Hence, these kids as adults have to deal with all the challenges revolving around their personal lives. Depression affects some of these kids, despite getting everything on a platter of gold. Haven't you noticed that in a family some kids are not given enough love like the parents give the sibling who follows every single instruction issued to them by the parents; good or bad? Troubles emerge when one tries to follow his own decision. While the parents stay alive, they'll get a limited luxury lifestyle like others in the same family. If the child continues with his own goals, he nearly escapes all the troubles his siblings would undergo after the departure of their parents. Hence, those who didn't care about living a remarkable life would go broke as their parent's wealth would stagger due to their lack of monetary control. The children of the rich man, when he's gone, would sell his properties to keep up with a lavish lifestyle. Putting himself in a more difficult life.

That is so true and it's shaming when your child don't act the way you want them to be because they're reflecting your attitude towards them.

And that's the reason why there are parents that does everything to make their children proud of them and to behave. But sometimes, they are doing it too much to the point that kids have been spoiled a lot.

When they're spoiled, they act mindlessly. Yes, they're still kids but they need to be taught and learn a lot.

Yes that's right. Even though inheritance remains something that is valuable to be taken into account, as a parent you must also pass on your children the highest level of knowledge and do not leave your children with only your wealth. Because the inherited wealth he has cannot be utilized as well as possible, instead it will be spent wastefully so that when he falls into poverty he cannot rise again because since childhood he has been accustomed to living in luxury.

Children need wealth but parents must educate their children so that they are not enslaved by wealth, use wealth as needed but don't use wealth because you want that or want this.

Parenting and doing on the things in front of our kids would really be giving out such impact to them on which it is really just that right that we should really be mindful on what are the thing we are doing in front of them on which it would really be just that right that we should really be that responsible and we should really be that mindful about on the things that we are dealing with. We would really be needing for us to guide them down despite on having tons of money or having that kind of having no problem thing about finances on which it would really be always still ideal that you would be raising up your kids on the way
that it should really be that something good or would really be beneficial for them.

It would be always best that we would be teaching them about being responsible and mindful about on spending their money because we do know that there are lots of people who had
messed out their lives when it comes to finances because of mishandling or misused of it on which it would really be just that normal that we should really be at least
teaching them even with those basic principle that us parents do really knows about it.

Yes, many parents try to accumulate their wealth in order to be able to pass it on to their children, sometimes they work hard for the future of their children in order to be better when they grow up, where parents start sending their children from good education to higher education, the role of parents will try for their children to be successful.

Not a few children like that, maybe there are some parts where they only enjoy the wealth of their parents because their lives are spoiled and never educated harder, of course it depends on how we as parents to children give them knowledge about the right responsibilities, managing money must be right, if there is a business to be continued then learn as early as possible so that when they grow up they are ready to take over the parents' business.

If they cannot utilize it properly then all of it will be drained from the assets owned by their parents.

A purpose of a parent is not only to give a good life to their kid but raise a good kid as well. Most of the time a person who gets rich after their kid is born will not have a spoiled kid, because the kid has seen their parents not be that rich neither, and seen the rich version too, and knows the difference and will be smart about it and try to avoid going back to being not rich.

However, if you are born to a family of wealth, then it's harder, and parents have a job to make sure the kid doesn't go crazy, many kids of rich parents end up being raised from a baby age to adulthood with everything they ever request, and never learn the meaning of "working to get something" and that causes those people to fail in later life.

this isn't just about buying a few extra things online. Setting a plan for being responsible with money is what it's all about. The business of today is complicated and doesn't forgive mistakes. We need to be the good examples of money management that our kids need as parents. Teaching them the value of money, how important it is to save, and the idea of delayed satisfaction is just as important as spending less

We aren't just raising kids; we're also creating the adults of the future, who will have to deal with crypto, stocks, and the economy being unstable. They need to not only learn good habits, but also have an attitude that values knowing about money. We need to make a change, and not just for our own good. Not only should you shop less, but you should also have real talks about money, savings, investments, and the world's real economy

So do you think spoiling children is wrong, even if it's with the intention of making them happy, is it wrong?
I also say it's natural for parents to pamper their children as long as it's not excessive, I mean pampering children naturally not to the point where when they grow up and they are still spoiled, and this is what is unnatural in my opinion, because they are adults of course they have to learn to be independent, but if they are adults but still dependent or still spoiled by parents it is unnatural in my opinion, but when someone grows up there is nothing wrong with them wanting to be pampered back like they used to be a child. Because when they grow up they will face many things where there must be pleasure and disappointment, and when they are disappointed of course they need a home to go home to, namely their parents.

If they have grown up then they will also think about everything they have to do, where they will choose which things are good for them and which are not for them. therefore they will also be embarrassed if their parents always spoil them when they grow up, right? will they not have adult thoughts when they grow up?
Will they continue to be spoiled by their parents when they are in college? Maybe yes, because they love their parents so they don't mind this if only occasionally.

The ants are wiser than many of our youths because they understand the principle of life without them being told what to do, some people were already privileged to make money and gather wealth, yet they will scatter the whole thing by their hands for nothing sake, this is how they do so by living exhorbitant life today and begging tomorrow for a survival when they got broke because they have wasted their time and resources from the past.

I personally feel that until now, when the child's attitude depends on the attitude of the parents, although not all of them are like that, but in the end, parents are always a reflection of the child's behavior.
I realize this because I already have children and some of my bad traits are not much different from the attitudes that my children show including in economic matters.
It is necessary to realize that children will always imitate the behavior of their parents so that when we as parents who do have some bad traits including perhaps in this case wasteful then it is certain that children will also see the way what parents do.

I was quite wasteful and sometimes overzealous when making several online and offline purchases before and it has been imitated by my child's attitude so that indeed in this case I began to realize the mistakes I made because in the end the behavior we show to children will actually be imitated.

Everyone who has children definitely has a way to teach their children to be better from an early age so that their children can be smarter, more independent, and also have a polite attitude in facing every problem in their life later. So you and other people may apply different ways to it as long as the thing that is applied is most suitable and better for their child.

It is true that nothing is easy in life, especially when it comes to educating our own children, because they don't necessarily want to work as hard as we have done throughout our lives. But that doesn't mean every parent can't direct them to be better because no matter what their attitude is, they will definitely listen to what we say at a very early age.

Management and being humble is what they should be taught. Well, I don't want to speak about it because I know it's hard to teach kids and hopefully I'll be able to apply that to my kid.

That's because I've seen great, humble and hard working parents but then, their kids are not. It's easy to tip on what must be done but when someone goes into the actuality, everything changes.