CONTACT MY OFFICE:
(503) 222-6678 - Portland, Oregon
(360) 256-0448 Vancouver, Washington
   info@kmarshack.com

Therapy

ADD & ADHD
ADOPTIVE FAMILIES
ASPERGER & MARRIAGE
COUPLES IN BUSINESS
DEPRESSION & STRESS
ENTREPRENEURIAL LIFE
EXPAT ONLINE THERAPY
HIGH CONFLICT DIVORCE
MARRIAGE COUNSELING
MIND & BODY HEALTH
PARENTING
PERSONAL GROWTH
RECOMMENDED LINKS
NEWS CENTER
ONLINE STORE
Overview
ADD in Adults
Parenting a Child with ADD
Overview
Articles
Overview
Coping with Anxiety Disorders
Post-Traumatic Stress Disorder
Overcoming Depression
Managing Stress
Conquering Fears & Phobias
Overcoming Social Phobia
Overview
Couples at Work & Home
Dual Career Couples
Families in Business
Overview
Recognizing High Conflict Divorce
Overview
Conflict & Communication
Infidelity
Couples at Work & Home
Love, Sex & Intimacy
Maintaining Strong Marriage
Dual Career Couples
Codependence
Advice for Singles Only
Overview
Alcoholism Recovery
Stop Smoking
Weight Control
Headache Relief
Holistic Health
Managing Blood Pressure
Releasing Unresolved Stress
Overview
Am I a Good Parent
Blended Families
Gifted Child
Coping with ADD/ADHD
Adoptive Families
Overview
Gifted Adults
When to Seek Help
Psychotherapy Options
Laid-Off from Work
Overview
Calendar of Events
Media Coverage
Newsletter
Press Center
Seminars
Related New Stories
Subscribe
Sample
Enriching Your Live Archive
Entrepreneurial Couples Archive

Enriching Your Life!

Sign up for my FREE newsletter! Get practical tips for you and your family.

Kathy Marshack News

Wealthy Entrepreneurs: How to Prepare Your Children for the Future

Tuesday, May 31, 2011


The challenges that face wealthy families are many. To prepare children for leadership in the family business – and in life – requires quality parenting from the start. Your child is not a miniature adult. He or she does not have the cognitive development, or the life experiences yet to handle the complexities that comprise the world of most wealthy adults. If you want your child to grow up to be successful in life, then your focus from day one should be on building his or her self-esteem.

In order to build self esteem in your children, you must consider parenting a full-time job for both parents. This is true with all children, not just the wealthy, but wealthy children require even more attention. You must teach them the skills of independence, right from wrong, how to be a good person, how to choose friends wisely, how to dream, develop their talents and work to accomplish those dreams. But in addition to all of this, wealthy children must be taught how to handle the considerable responsibilities that wealth brings into their lives.

They have more resources and more opportunities than the average child. They are expected by others to know more and accomplish more, however unfair this may seem. These differences are not only statistical; they make the child feel different. And feeling different is a hardship for most children. If a child is unprepared for these differences or responsibilities their self-esteem can be severely shaken and they can sink into depression or at the very least be an underachiever.

I believe preparing your children for handling the responsibilities of wealth in a healthy manner is one of your primary tasks in your wealth preservation plan. Carrying out this responsibility is really quite simple. Your children should be part of the wealth management plan from the start. Give your child a chance to participate in the wealth management of your family estate. Perhaps they can contribute their own earnings to buying their own clothes or they can set up a savings account for college.

So, parents, take this responsibility seriously. Take 10-20 minutes each day for meditation or prayer to center and focus yourself on your most dearly held values and priorities…your family.

For more information, visit Entrepreneurial Life - Families in Business


Recent Posts RSS


Tags


Archive