These Celebrities Have Cracked the Secret Code for Successful Parenting, and Here It Is!
Every parent around the world wants their child to become a respectful person, which is why children are taught about morals and values before anything else. Celebrities like Barbara Corcoran, LeBron James, and Alex Rodriguez are no different than other parents. All of them want to instill good morals and values in their children so they can become successful adults, and the following examples show how they have tried to achieve this feat.
Money Is Tricky
Wealth comes with a lot of responsibility. We have seen plenty of rich kids with celebrity parents who just flaunt their parent’s money and party their life away. Since they have almost never been deprived of any material wealth, it is hard for them to understand the importance of spending money wisely.
Barbara Corcoran is a successful businesswoman who was able to create a $66 million empire from a $1K investment in real estate. However, she is also a mother and has stated that, when the kids are born in a rich household, the parent has to be very careful. They have to make sure to not let their kids feel privileged, which is, of course, a rather complicated task.
Car Riding Lessons
The CEO and founder of A-ROD Corp Alex Rodriguez, who is also a former Major League Baseball star, reportedly uses car rides to teach his daughters about the value of money. It is common for successful parents not being able to find time for their children, which is one of the main reasons why some rich kids lose their path growing up.
However, it seems like Alex knows how to manage his time efficiently, and hence he utilizes the daily car rides to school to teach his daughters about business, real estate, the importance of being frugal, about effective marketing, and the importance of money in general.
Like every other kid in the world, his daughters obviously have also reportedly gotten sick of hearing lectures from their dad. According to Alex, sometimes when they don’t want the lecture, he just turns on the radio.
He is apparently following the footsteps of his mentor Warren Buffet, who said that teaching good financial habits to kids at a young age provides them with a stable foundation to become successful adults.
Goals and Challenges
LeBron James, the NBA star, has a rather different parenting style compared to the examples mentioned above. Before finding success as a basketball player, both James and his mother were struggling very hard to make their ends meet. Now, he is among the highest paid athletes in the game.
According to James, while speaking in a podcast, he considers it a challenge to make his kids understand the severity of the challenges faced by an individual when he or she does not have any money. He also admitted that parenting is very hard and no book can give the perfect guide to raise good children.
However, still, he has developed a parenting philosophy which he follows. According to him, by giving the kids a set of goals to achieve and challenges to overcome, he will help them grow up to become independent and stable adults.
More in Financial Adviser
-
`
What Credit Score Do You Start With? The Ultimate Guide to Understanding Credit Scores
Embarking on your financial journey is an exciting milestone, especially when it involves applying for your first credit card or taking...
May 30, 2024 -
`
The Best Fairy Garden Ideas to Create Your Own Enchanted Outdoor Space
Ah, fairy gardens! These whimsical little setups are hugely popular because they connect you with your sometimes long-lost imaginations and allow...
May 25, 2024 -
`
Here Are the Top 4 Stunning Private Jet Interior Designs
Have you ever wondered what it’s like inside the world’s most luxurious private jets? Long gone are the days when private...
May 19, 2024 -
`
How to Cash a Check Without a Bank Account: What You Need to Know
Have you ever found yourself holding a paper check but without a bank account to deposit it into? It might seem...
May 12, 2024 -
`
You Won’t Believe How Arnold Schwarzenegger Made His First Million – Clue: It’s Not Acting
With a net worth of $400 million, you’ll think that Arnold Schwarzenegger made his fortune from the entertainment industry, having starred...
May 1, 2024 -
`
Smart Investing Strategies & Insights
Investing is a brilliant way of generating wealth and securing your future financially. However, success in the stock market and other investment vehicles...
April 26, 2024 -
`
Is Buldak Carbonara Spicy Noodles Worth the Hype?
Buldak Carbonara Spicy Noodles are making waves in the culinary world, fusing the fiery kick of Buldak with the creamy richness...
April 25, 2024 -
`
These Pink Tesla Will Change Your View of the Pink Color Through and Through
In the world of electric vehicles, innovation does not just stop under the hood. It spills over onto the body, the...
April 16, 2024 -
`
How to Redeem U.S. Savings Bonds : A Step-By-Step Guide
Have you ever found yourself sitting on a treasure trove of U.S. savings bonds, wondering how to cash them in? Well,...
April 10, 2024
You must be logged in to post a comment Login