What sets 5% of parents, those who raise their children to excel as adults, apart from the 95% who raise children that struggle financially and are unhappy as adults? These outlier parents teach their children certain habits, certain strategies and a certain way of thinking that separates them from the herd of humanity who simply don’t know what they are doing. Nearly every problem we face in our society can be boiled down to one cause – failed parenting. All of the detrimental issues that confront America find their roots in failed parenting. When parents do not do their jobs, their children suffer. Children grow up to become adults with their own families. It creates something I call the generational cycle of poverty.
My goal is not to bash parents. They are doing the best they can. They are simply repeating what they learned from their parents. Unfortunately, what they learned from their parents only perpetuates this generational cycle of poverty. Thanks to my five-year study of the daily habits of the rich and poor, I uncovered certain success strategies that this 5% teaches to their kids. And my goal is to level the playing field. I want every parent to have the opportunity to share these strategies with their children because I know that is how we will end poverty in our society. I share hundreds of these strategies in my latest book Rich Kids (http://richhabits.net/rich-habits-books/).
Having suffered through poverty as a child, I am on a mission to end it. Poverty begins and ends with parents. Parents can change the course of the lives of their children. They just need the key to unlock the door to those strategies that will enable their children to live the lives they were intended to live. I have found that key. I’d like to share a few of these habits, strategies and ways of thinking with you:
- 5% of Parents make their kids read every day for self-education. 95% don’t.
- 5% enroll their kids in mentoring groups such as: The Boys or Girls Club, Boy Scouts or Girl Scouts, Big Brother or Big Sister. 95% don’t.
- 5% withhold 50% or more of any money their children receive and put this money into savings. 95% let their kids spend 100% of the money they receive.
- 5% review their kids homework. They become their Accountability Partner. 95% don’t.
- 5% limit the consumption of T.V., use of Internet and video game playtime to one hour or less every day. 95% don’t.
- 5% make their kids exercise aerobically for 30 minutes, four days a week. 95% don’t.
- 5% punish their kids for losing their temper. 95% don’t.
- 5% punish their kids for saying inappropriate things. 95% don’t.
- 5% attend every Parent-Teacher conference. 95% don’t.
- 5% instill in their children individual responsibility for their life circumstances. 95% blame everyone but themselves for their circumstances.
- 5% instill in their kids a positive mental outlook. They embrace the American Dream, positivity and embolden their kids with a sense that life has unlimited opportunity, irrespective of current circumstances. Consequently, their kids are positive, optimistic and enthusiastic about life. 95% instill in their kids a negative outlook on life. They blame rich people, the government, or anyone else but themselves for their current circumstances. Their kids grow up believing wealthy people are either bad people or just plain lucky. They grow up believing they are forever stuck in their current circumstances.
- 5% teach their kids the importance of goal-setting, creating a vision for your life and pursing your dreams. 95% don’t.
- 5% teach their kids that they create their own luck in life. 95% believe wealth or poverty are the byproduct of random luck.
- 5% continuously expose their kids to different activities in order to help them uncover hidden talents and passions. 95% don’t.
If you’re a parent, you want what’s best for your kids. You definitely do not want them to become part of the herd; that 95% who ekes out a living, miserable and unhappy in life. If you want to be an outlier parent you need to teach your kids how to become happy and successful in life. Their success and happiness is not a random, fate-driven existence. You have the ability to alter the very course of their lives. Parents are often the only shot any of us have at having a mentor in life. Be that mentor!