How to make your kids billionaires

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

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  1. Bran

    Bran Well-Known Member

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    Bran, 24th Apr, 2016
    #1
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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.
     
    Biz, 24th Apr, 2016
    #2
  3. Xenia

    Xenia Well-Known Member

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    I liked it too.
    Have the awareness of seeing how the masses think and think bigger.
     
    Xenia, 24th Apr, 2016
    #3
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  4. Gockie

    Gockie Life is good ☺️ Premium Member

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    I think its worthy of printing out on actual paper :eek:
     
    Gockie, 24th Apr, 2016
    #4
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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? ;)
     
    Scott No Mates, 24th Apr, 2016
    #5
  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
     
    TMNT, 25th Apr, 2016
    #6
  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.
     
    wylie, 25th Apr, 2016
    #7
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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.
     
    Ozzie in Texas, 25th Apr, 2016
    #8
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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.
     
    Ozzie in Texas, 25th Apr, 2016
    #9
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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...
     
    Glorion, 25th Apr, 2016
    #10
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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.
     
    Tonibell, 25th Apr, 2016
    #11
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  12. WattleIdo

    WattleIdo midas touch

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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.
     
    WattleIdo, 25th Apr, 2016
    #12
  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.
     
    freyja, 26th Apr, 2016
    #13
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  14. Steven Ryan

    Steven Ryan Well-Known 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?
     
    Steven Ryan, 26th Apr, 2016
    #14
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  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.
     
    Raydar, 26th Apr, 2016
    #15
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  16. D.T.

    D.T. Specialist Property Manager Business Member

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    Easy, give them a trillion and in time they'll become billionaires :p
     
    D.T., 26th Apr, 2016
    #16
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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
     
    neK, 26th Apr, 2016
    #17
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  18. Xenia

    Xenia Well-Known Member

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    Do we have the same children? This sounds so familiar.
    Teenagers are the worst at this.
     
    Xenia, 26th Apr, 2016
    #18
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  19. Plutus

    Plutus Well-Known Member

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    Plutus, 26th Apr, 2016
    #19
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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! ........
     
    TMNT, 26th Apr, 2016
    #20
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