" A very rich person should leave his kids enough to do anything, but not enough to do nothing. "
- Warren Buffett
There's a thing called the advantage of disadvantage. It refers to a scenario where inconvenient situations bring out the better of you. Which then helps you grow better and achieve more. On the other hand advantages like financial stability, good health, comfortable lifestyle amongst others makes a person stay in their comfort zone. Leading to lack of flexibility and the ability to find solutions.
So, while every parent would want to give their kids whatever they wish for. They must remember that if they give them everything, then their kids will hardly learn how to fetch it themselves. Learning basic life skills and motivation is essential for a rich life. And as we know, no amount of money or influence can shade anyone from difficult times in life. One must try and keep their kids grounded while giving them all that's necessary for them to fly now and then.
More Quotes from Warren Buffett
It is not necessary to do extraordinary things to get extraordinary results.
- Warren BuffettNo matter how great the talent or efforts, some things just take time.
- Warren BuffettOpportunities come infrequently. When it rains gold, put out the bucket, not the thimble.
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The Compound Effect is the principle of reaping huge rewards from a series of small, smart choices.
- Darren HardyDon't waste your time with explanations: people only hear what they want to hear.
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