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How to make your kids billionaires

Discussion in 'Investor Psychology' started by Bran, 24th Apr, 2016.

  1. Bran

    Bran Well-Known Member

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  2. Biz

    Biz Well-Known Member

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    I liked it.

    Should have seen all the Facebook comments lol.
     
  3. Xenia

    Xenia Adelaide Property Manager Business Member

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    I liked it too.
    Have the awareness of seeing how the masses think and think bigger.
     
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  4. Gockie

    Gockie I'm an ISTP-A female, so I might be a bit quirky! Premium Member

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    I think its worthy of printing out on actual paper :eek:
     
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  5. Scott No Mates

    Scott No Mates Well-Known Member

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    Who's the bird in the bikini in the window? ;)
     
  6. TMNT

    TMNT Well-Known Member

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    im not a billonaire and if I cant make myself a billionaire, not sure what would make me think I could make my kids one
     
  7. wylie

    wylie Moderator Staff Member

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    Pffttt! Like we can all be billionaires. Who's going to do the day to day stuff. Who's going to make things we need and staff the supermarkets? Cut our hair? It must be done by someone.

    I'm all for helping our kids think outside the "work for 40 years, retire and die" but this article sort of annoyed me, to be truthful.
     
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  8. Ozzie in Texas

    Ozzie in Texas Well-Known Member

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    My eldest is about to start a science and engineering magnet program for his final 3 year in high school. Kids are expected to join clubs, take college credit courses while still in high school..... and staying at school until 5.30pm is the norm.

    I am worried about him.........he will be at school longer than most people work full-time. And he still wants to continue playing competition soccer next year.

    Sam voluntarily attends math tutoring every morning before school starts to keep his grades up....and works during lunch breaks.

    He has been on the A/B honor roll since we moved to the US......and seriously, it is a rare day that I see him study at home. His home time is about gaming with his friends or playing/training competitive soccer.

    He is self motivated.

    I have 3 children .........and recognise that some are born naturally motivated to succeed.......and others try really hard.
     
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  9. Ozzie in Texas

    Ozzie in Texas Well-Known Member

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    I also agree with the article.......no work, no money.

    My kids got money for xmas from grandparents and aunts/unclues....and decided that they didn't have to do chores anymore to earn an allowance. I have refused to give them any money unless they do chores. I let them live in their disaster of bedrooms until I couldn't take it and they cleaned up because I lost it.

    They have now spent all their xmas money and I have cheap labour until next xmas.
     
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  10. Glorion

    Glorion Well-Known Member

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    But the article is actually at odds with you using your kids for labour, it says the opposite. Don't get them to trade their time for money...
     
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  11. Tonibell

    Tonibell Well-Known Member

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    Some good points but largely don't agree (or believe) with a lot of it. But having billionaire offspring is not really a priority at all for us.
     
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  12. WattleIdo

    WattleIdo renovating Premium Member

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    A great read - especially the part about his brother being shocked that not everyone is as nice as his mother - I relate - took a long time to realise.
    Like the open home concept too.
    Agree with a lot but not all. If they do become billionairres, I hope they know not to get plastic surgery, or at least not too much.
     
  13. freyja

    freyja Well-Known Member

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    It has several reasonable points but generally these type of articles don't inspire me. I think they 'put down' valuable qualities and place money on a pedestal above all else.
     
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  14. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

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    I feel like I read an entirely different article :)

    Was the focus not on admirable qualities – generosity, curiosity, morality, exploration, experimentation, love of people, strong work ethic...

    ...a side-effect of which may be acquiring financial abundance?
     
  15. Raydar

    Raydar Well-Known Member

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    I'll work on getting my kids to sleep through the night first. Billionaires after that.
     
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  16. D.T.

    D.T. Adelaide Property Manager Business Member

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    Easy, give them a trillion and in time they'll become billionaires :p
     
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  17. neK

    neK Well-Known Member

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    You gotta think outside the box!

    Go to Vietnam
    $1,000,000,000 VND = 58123 AUD
    You should be a multi billionaire over there :p
     
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  18. Xenia

    Xenia Adelaide Property Manager Business Member

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    Do we have the same children? This sounds so familiar.
    Teenagers are the worst at this.
     
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  19. Plutus

    Plutus Well-Known Member

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  20. TMNT

    TMNT Well-Known Member

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    seriously, how old is he? tell me you had any sort of life plan at that age! I think being young and fluffing around is part of growing up,

    sure some 18yr olds are working on their business and potentially become rich but some of them I feel miss out on life a little.

    maybe thats why im here where I am now! ........
     
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