Post
Topic
Board Economics
Re: Luxury and spending lifestyle fastest way to poverty rich kids
by
tygeade
on 14/12/2023, 18:50:31 UTC
The purpose of parents working hard is of course as you said, they want a more decent life and focus what they have managed to achieve for the good of their children, or the point is that parents want all their children to live well or even more than that. But on the other hand, there are quite a few parents who instill a hardworking spirit in their children, they only focus on pleasing all their children and their other families from the results of the hard work they have done and without giving a proper understanding of the difficulty of earning money, which is why many children of rich people live in luxury by doing whatever they want to do, buying whatever they want without thinking and also often splurging, so the idea of the title above is very true that the luxury and lifestyle carried out by the rich does not rule out the possibility of making their parents fall into poverty or return to the lowest point in life.

Understanding related to management really - must be applied to them, too much in fulfilling all the wishes of their children easily will certainly make a child more spoiled and I think it is the wrong upbringing, not infrequently we see the children of rich people who disobey their parents, it is because of the wrong upbringing that makes them too spoiled. So the application of correct understanding, especially regarding simple living, is really recommended.
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.