How Can I Raise My Children To Be Well-Balanced When We Have Wealth?

When you're a parent, one of your top goals is to make sure you can give your child the best life possible. You want to do everything in your power to provide for them and keep them safe.

On the other hand, you don't want them to be a bully or spoiled brats either. As with anything in life, you're aiming for a healthy balance. Whether you grew up with wealth or not, you know how important it is to teach children the value of a dollar and to work hard for things in life.

This is how you can raise your children to be well-balanced when you have wealth.

Don't Give Them Everything They Want (Even if You Can)

Even if you're able to, try not to give them everything they want. Nothing in life is guaranteed. Just because someone wants something doesn't mean they'll get it. In order to receive, you have to work hard.

Show them the value of money. If they see something in the store that catches their eye, instead of telling them to put it in the cart, have them work for it instead. Implement chores at home where they can earn an allowance. Even if you have a housekeeper, you can still have them clean their room, set the table, take out the trash, or wash the dishes.

Let Them Fail

There's a good chance that when your children are earning money for chores, they may spend that money on something that you know will break or that they'll lose interest in less than a week. Allow them to learn from these small failures. One of the best ways to learn is by making mistakes and learning from those mistakes. Let them see that if they don't make smart decisions with their money, they won't have the money to buy the things they really need.

Aim for a Healthy Work-Life Balance

Raising your children to be well-balanced requires work from both of your ends. If you have a solid and stable job that helps you provide for your family, you need to make sure that you're making yourself just as present at home as you are in your career.

Your child or children picks up on and learns from your behavior and actions. Make sure you're aiming for a good work-life balance so that you're there for them. Money can't replace the quality time spent with one another.

Be Open and Honest

Your children may come to you and ask you about how much you make or why some children at their school dress or eat differently. Don't dismiss these conversations. You don't have to dive into all of the nitty-gritty details but allow your children a safe space to come to you with any questions they may have. Ask them why they're asking to find out what details you should share. You can use these discussions to further express the value of hard work and determination.

Next Steps

The fact that you're reading this blog shows that you're interested in making your child's life the best it can be. You don't want them to grow up to be entitled or spoiled brats. No one wants that.

If you're interested in learning more about how to create a better balance when it comes to raising your family, it doesn't hurt to reach out for additional help and support. Lean on friends and family to see how they provide a balance with their kids. You can also reach out to an outside third party like a therapist for additional ideas.

Don't hesitate. Reach out to me today to set up a consultation to learn more about how I can help you balance your life better with counseling for professionals.