I spoke to 70 parents who raised very successful adults — here are 4 things they refuse to do with their kids

As parents, we hear a lot about the things we Candlestick do with our kids. But it’s important to turn that over and consider what we should not do.

As I researched and wrote my book, “Raise an Entrepreneur,” I interviewed 70 parents who raised very successful adults about how they helped their children achieve their dreams.

Despite their diverse ethnic, socioeconomic, and religious backgrounds, there are four things parents of these smart, driven, and entrepreneurial individuals never do when their kids are young:

1. They never consider their child’s hobby a waste of time.

Sports, video games, debates, music, bird watching – every child of parents I assume has a passion outside of the classroom. Parents never banish their children from this hobby because they know it is keeping them mentally active.

Radha Agrawal is the founder Day robe, a global morning dance movement with over 500,000 community members in 30 cities around the world. Previously, she was the CEO of Super Sprowtz, a children’s entertainment movement focused on healthy eating.

But while growing up, her passion was football. With support from her parents, she and her twin sister Miki played for three hours a day, starting when they were 5 years old. They eventually competed at Cornell University, where they became known as the “Legendary Soccer Twins”.

Although her career today has nothing to do with football, Radha told me she has developed a lot of bravery and resilience from the sport: “You have to have discipline. You learn. organized and focused way. And you learn the politics of teamwork, and what it takes to be a captain.”

2. They never give all the options to their children.

It can be tempting to constantly make decisions for your child. After all, you’re an adult – you know your kids better than anyone else and you don’t want them to suffer.

But successful parents resist that temptation.

Ellen Gustafson Co-Founder Project FEED, providing food in schools for children. Today, she is a thought leader and frequent speaker on social innovation.

Her mother Maura told me, “We encourage her to be independent and think for herself. I would say to her, ‘Trust, but verify. Check. Make sure it’s that. truth. Don’t drink Kool-Aid. Just because other people are doing it, it doesn’t mean you have to.’ You want your child to grow up cautious, but not afraid.”

“As a parent, you can see what their strengths are,” she continued. “But you have to let them figure it out. The best way to do that is to ask questions like ‘Which option do you think will be more useful to you in the future?'”

3. They never valued money or a higher salary than happiness.

I have nothing against academic and professional qualifications – my husband and I both have graduate degrees and it worked for us.

But a degree can be a waste of your child’s time if it’s not relevant to their interests. And if their only reason for going to school is to get the piece of paper or contact needed to get a high paying job.

Someone who loves something and works hard enough will find a way to make it come to life, even without a degree in that field. And they won’t be afraid to take the opportunity to pay nothing for a few years like they could if they had to pay off high student debt every month.

4. They never neglect financial literacy.

A final note on money: While the parents I spoke to never pushed their children to pursue high-paying jobs, they all made an effort to teach their children about money in this way. or another form.

Joel Holland sold half of his first company, Storyblocks, for $10 million in 2012. He acquired a strong work ethic at an early age; He and his sister were given a job as a sweeper to earn pocket money.

“The floor has to be clean enough to eat less. It taught me about hard work,” he said. “And in high school, everyone had roller skates, but my parents didn’t buy them for me. They told me, ‘If you want them, you have to save your money.” It made me angry at the time, but it really made me appreciate the value of money more.”

His parents also did not pay for his college education. Joel came to Babson University on student loans and from work earnings.

“Because I paid for college, I never missed a class. I calculated the cost of each class to be $500,” he said. “If I’m tempted to skip a class, I always think there’s nothing I can do in this $500+ hour.”

I like Joel’s story because it illustrates why you shouldn’t teach your kids that they have to pursue well-paying careers, but it To be important to learn about money.

If you’re passionate about something, and really good at it, and learn it from the inside out, you’ll find something missing, something you can turn into your business. Joel did this twice.

Margot Machol Bisnow is a writer, a mother, and parenting coach. She has served 20 years in government, including as an FTC Commissioner and Chief of Staff of the President’s Council of Economic Advisers, and is the author of “Educating an Entrepreneur: How to Help Your Child Achieve Their Dreams.” Follow her on Instagram @MargotBisnow.

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