Reply to Is my kid entitled? How to tell? (article uses a DC kid as an example of entitled:))

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]As someone that grew up with wealth and currently earns my own wealth I've seen many people with new money that are far too conservative. Frankly I would say they are ungenerous and cheap with their own children and family. What they don't realize is that they are teaching their children to be ungenerous and cheap. There is a balance and I think far too many people fret about this way too much. If you have money, spend it and teach your kids to spend it in a sensible fashion. How to manage wealth, finances, budget are much more important lessons than swinging the total opposite direction. [/quote]

You are missing the point of the article and the posts above you.  The[i] entitlement [/i]comes from giving them everything they want without teaching any of the lessons---budget, finances, generosity, etc.  They snotty kids I know are want for nothing, braggarts and self-absorbed.  They are kids that have never heard the word 'no'.  There is a lot to be learned for having to work for something.[/quote]

My point was that people hide behind this mantra to explain why they themselves are ungenerous. Kids learn as much by working, which needs to be age-appropriate, as they do by watching how their parents act with regards to other people and finances. If you are cheap, your kids will either be cheap like you or hate you for it and be generous (maybe to a fault). If you manage your money well, are generous to others, and teach them important financial lessons throughout life they will be much better off in the long run.[/quote]

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