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5: The REAL Reason Rich Kids Stay Rich (It's NOT Inheritance)
Manage episode 444550940 series 3599828
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In this episode of the Leeds to Success podcast, Russell and Anna Leeds delve into the complexities of raising children in a wealthy environment. They discuss the challenges of instilling drive and work ethic in children who have never experienced financial hardship, drawing from personal anecdotes and societal observations. The couple explores the balance between providing opportunities and fostering independence, emphasizing the importance of teaching children the value of money and hard work. Join the conversation as Russell and Anna share their insights and experiences on how to avoid spoiling your children and set them up for success.
Show Highlights
The show highlights include:
Show Highlights
The show highlights include:
Russell and Anna's personal anecdotes about their upbringing and how it shaped their views on work ethic and entitlement.- Discussion of the challenges and advantages of raising children in a wealthy environment.
- Exploration of the balance between providing opportunities and fostering independence in children.
- Tips on how to avoid spoiling children, such as limiting material gifts, teaching them about money, and encouraging hard work.
- The importance of instilling values like hard work, responsibility, and charitable giving in children.
- Debate on whether it's better for children to pursue their passions or prioritize high-paying careers.
Follow the hosts on instagram @russelleeds and @anna.n.leeds
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