Topic: Luxury and spending lifestyle fastest way to poverty rich kids - page 4. (Read 1341 times)

All of this occurs because they were born into prosperity and have never faced financial hardships, so they believe the world owes them and regard others as fouls.

They just look up to them and forget what they should be thinking about; they always think they wake up and find themselves without even knowing how they started; the most of them don't even want to go through history to learn how they hustled and made it to that level. The worst part is that kids will accept them as their role model and begin acting like them, as if they will comprehend that most of these superstars were born into impoverished families and that it is only their devotion and hard work that has gotten them to where they are today.

They are unaware of this, only that their parents have made significant sacrifices in order to make their lives better than what they have lived, but the children see it as a favor, yes, a favor because their mates are on the street suffering and they are enjoying the labor of their parents, only their mates on the street will understand that life is all about sacrifice, hard work, and smartness.

I've always stated that if you can't make a single or very small amount with your own labor, even if you've been given tens of billions of dollars in inheritance, believe me, you'll blow it all since you didn't make it or even contribute to it.

The money will only continue to grow if you help your parents in some way when they are building it, not necessarily 100% but 1% is enough, maybe you are still in school at the time they are building it and you always make them proud with your good behavior, this also matters because it will allow them to concentrate on building their wealth.

that is one fucked up perspective on poverty and homelessness. Do you think that poor people who were born into poverty even had the slightest clue of what spending lavishly is like? Let alone spending so much of your money that you end up becoming poor? Do you think people just end up being poor out of spending too much? If that's how you think poverty works then I've got bad news for you buddy, you're going to end up poor yourself pretty soon.

Poverty and homelessness has a lot of strings in place that just "spending all your money" wouldn't matter. I mean it's still a good factor but more often than not, this is not even the biggest reason. Go read a damn sociology and economics books for god's sake.

Is it everyone that has a rich kid friend that they will sell something to? Many businessmen or women don't have and they tend to do well in their area of business. OP, what I want you to understand is that not everyone who makes it in life sells things to their rich kids to consume. It's always that they have the poor and rich kids who consume what is being sold to them. That indirectly means that the kind of business one has, and its demand from the rich and poor people is what makes people rich, not another way around that the rich are to make someone rich if they sell things to them. By the way how many rich people do we have in a given society? Do we expect the rich kids to be rich all the time to sustain us in our businesses?

I feel like if you are wealthy enough, then there is no excuse that you allow your children to grow up with proper supervision. That doesn't mean you have to be there at all times, I understand a wealthy person could be very busy with life, and even though it is advised to spend as much time as you can with your kids when they are growing up, a business person may find those times very rarely and that's understandable.

But that is also not an excuse for finding someone decent to raise them, it could be nanny, it could be grandmother, I do not care who it is, there must be someone who you can afford that could raise that kid. Hire an etiquette teacher if you have to, hire life coach, hire anyone you can afford to raise them well enough.

Those children often faces difficulties in future because they did not have learn about financial freedom and also they don't know about making financial system better. It is a good way to treat children in better way and fulfil their all requirements but it is also important to note that if parents give their children all opportunities then they will be addicted to it so whenever they need to earn money then they will not be able to it.

There are also some parents who teach their children about finance as well as fulfil their requirements therefore they keep check on both possibilities. focus of parents is necessary in bringing up their children but sometimes when their children get all the things then they have a feature of dishonour which does not sound well.

I often hear the expression "rich people are free". However, this freedom is often misused, as you gave in the example, perhaps this is caused by a lack of love from parents which results in mental dependency, especially given facilities that allow them to fall in the wrong direction.

 I've come across some well-off folks who ended up on the streets too. Money doesn't always stick, you know? And you're right about the next generation struggling once the old guard moves on. It's a harsh reality for sure.

It is quite pathetic seeing once glorious and amazing kids on the streets with nothing at all to their names. Who exactly is to be blamed for this, their parents or the kids themselves? I think parents have a lot of role to play as it concerns their children and their general wellbeing. Granting them access to a luxurious lifestyle is not just enough, what happens in the longrun?

These kids who have been privileged to be born in the midst of wealth should also be taught how to make money too from their early years. They should also be taught  the saving culture. If they want the luxury lifestyle, they should know the right things to do in order to sustain the lifestyle.

These kids get stranded and homeless along the line because they were taught nothing at all aside reckless spending and when they get hit by a tragedy,  they become confused on what to do until they go broke totally. Good parenting is a big project and will definitely reflect on the kids if done well.

Well obviously, rich people make a much better clientele. They’ve got the money to pay and some are wealthy enough or carefree not to care much even if the price has been inflated threefold.
 
Admittedly, a large number of homeless people in the street are from rich families that had made poor financial and life decisions. Likely got addicted to drugs and would slowly drift far away from their home and their parents. These are people that have always gotten it easy in life and has had all their wants and needs provided. Having not had to be responsible for anything while growing up, it would not be so easy to face the reality ofthe common man when the funds and flamboyant lifestyle ends.

While a bunch of rich kids out there are not morally nor financially responsible, there are still some who have been brought up straight with the right morals instilled in them.

Indeed, it depends on how the child is educated. remembering that many children grow up from rich families, but their lives are harder than those from ordinary families. While children from ordinary families can get up late, children from rich families must be able to get up early and help their parents start work. and that's what I see from the rich people around me. With upbringing like that, he said, parents hope that when they grow up they won't be surprised to face the hardships of life and must be able to survive

That's not the whole truth, there are exceptions to that rule, some children might grow up that way but despise how their parents spend money but there's a teeny tiny factor that will make or break them into a person that is an exception, be it a friend that they've got that teaches them the value of working hard or that kid just got a higher degree of empathy or their parents taught them that what they're doing isn't the best thing to do when it comes to spending and appreciation of hardwork because they're just depraving the child of stuff which grows to resentment. It should start with the parents having the responsibility to teach their kids because they're the ones that the kid bonds with unless they're an absent parent and the kid only grew up with nannies and butlers, we can expect that kid to grow up as an adult that doesn't value hardwork and will inevitably be living the opulent lifestyle.

In the end, it all comes back to parents teaching their children not to spoil their children, and teaching them how important it is to work hard and value time. Because without a good upbringing, no matter how rich their parents are, after their parents die, their wealth will definitely be spent by their children. Never mind developing wealth, they can't even maintain existing wealth. So it is not surprising that there are so many cases like this, parents are rich but after they are not there the children become poor.

All this time, if you feel that you are living just to make money but you don't care about your children, you don't even realize that you are even blinded with pride because you feel that you can have many things, and as you approach old age, everything starts to decrease one by one because in the end your capacity for productivity as a human being begins to decrease. Eat from it and educate your children for a better future. because future knowledge is not just about learning but must also be applied in everyday life so that the future of all your children is bright.

a child will not be far from his parents (his attitude, behavior, manner of speaking) they must have their own choices when they grow up, and also they will determine what they think is good, even though parental guidance has been done but there is still a free environment that will give life to them and it could be that life outside will also determine their attitude, even though they have been supervised by their parents but the supervision carried out by their parents is unlikely to be a full day, especially when they are adults. someone who is an adult will make his own choices, will not depend on parents continuously also in my opinion it is natural that someone who is an adult must be independent, which is not natural if they cannot be independent in their life, but life has a choice, so if there is someone who is an adult but still depends on his parents it doesn't matter, it's just that there must be people who talk about it from behind regarding those who are adults still depending on their parents. although the fruit does not fall far from the tree this is a sure saying, but it will not completely happen like you said. of course there will definitely be differences only there will also be similarities between one another.

But there may be children who have grown up but never thought about it, because they feel that they have parents who have a lot of money or are rich, so they don't think about being independent. Different people's points of view can cause problems if the person in question cannot accept the conversation from others, while the facts are so. so there is nothing wrong with being independent, because all people who have a good mindset must think in this direction, there is no way they don't think about this, also I think independence must be done because after all parents will not always be there for us, someday we have to face things by ourselves. Therefore, someone must be able to learn to be independent so that they don't always rely on their parents. If they do good, of course, parents will also support what they do, parents who educate their children are not the same, but different, because of course parents have hopes for their children who want them to succeed with their lives. and in my opinion if they want their children to succeed, don't spoil them too much, because life outside the family is wide so they have to get to know many things outside the home. That way they can learn things outside the home, and they will also determine which things to choose for their own good or their family. someone who depends on his parents in my opinion will not be successful in his life.

It is practically possible for a rich brought up kid to understand life outside what his parent created for him but this depends on how the parent chose to give him life, don't you see that even the poor people does fail in bringing child to live a good life because they don't want to believe the life their parent grow them with, in any little opportunity they get, they fake it just to impress people that they have what it takes to be in luxury life. Some rich kids actually know life outside the luxury life they are being exposed from childbirth and that helps them grow and mingle with the society easily because they understand the life they have when others don't have it.

There are some poor kids that don't have a good upbringing in the sense that they don't want to believe that lowkey financial life is theirs, they want to live a upper class level of fake life just to show the world that they are rich kids, they struggle to work to get money and when they do, they spend it on luxurious brands like Gucci bags, Alexander Mquin, Luiton V and many more and also super cars like Benz and the rest when they are supposed to used it to invest into something great for future sake.

Most rich parents, do not teach their kids financial literacy. There is ways money and the kids will not learn this.

Especially kids of multimillionaires and billionaires they cannot curtail their expenses. Sometimes, it is not a waste of money it is just how they have been brought up and since the money is always there, and will always be there, they spend it anyway and anyhow they like.

You know some of these rich kids can never ever be poor in their lives no matter how hard they try because there is generational wealth already there for them. For example, the Rockerfeller kids, and grandkids , great grandkids can never be poor. And example is the Sultan of Brunei. I can't ever imagine his kids been poor.

I think this OP applies only to kids whose parent's just became rich and are struggling to stay rich.

A person who has grown up watching his parents use wealth and growing up in luxury from childhood will never understand how difficult it is to earn money.  They therefore do not understand the value of money and lead a life of luxury until their ancestral property is exhausted.  It is natural that a person will develop that way from childhood.  His behavior will remain like that for the rest of his life.  So no matter how much wealth parents have, they should not let their children waste money from childhood.  Then it is possible to make their future beautiful.

A luxurious life cannot guarantee that a child can live a better life, but it is natural for parents to want to see their children live in affluent conditions. Parenting style will determine how a child can be responsible for himself and the role of parents is needed to guide their children to be more focused. Rich and poor is just a matter of luck for a child who is born without being able to choose, but in my opinion the difficulty of educating is not only difficult when they become rich and vice versa for poor children.

Parental assertiveness is one way to educate children to be more obedient and it is an obligation for parents to teach their children to be responsible for themselves and the environment. After they can be responsible for themselves are they taught how to earn money and poor parents will have difficulty guiding their children to achieve the desired level of wealth because they do not have sufficient resources.

Firm, that's what parents should do with their children. I see many children who are initially restrained by their parents end up with something unwanted, but I also see those who are too liberated by their parents end up with something unwanted too. When children are grown up, then let them find their own identity, of course with boundaries. And also the limits must be those who realize it, parents only need to remind them, because if they are adults they must also know what is good and what is bad for them.

The problem, is that rich kids rely on their parents for money!

The ones that don't, are the ones that stay rich even if something happens to the parents.

I'm not saying parent's shouldn't give their children money, but they need to give them financial education and make them go earn a living by themselves.

Otherwise this kind of mindset sticks around forever.

Think about it, if you just get everything on a silver spoon, what incentive do you have to work or start a business?

Isn't luxury life make their children's future become better? they get everything what they want and buy anything they want, so the parents make sure their children aren't lack of anything. Parenting is really hard, neither luxury life or poor life has it's own privilege, I think it's harder to teach children if the parent is rich than the poor, since the children has no motivation to survive with their own income.