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Reply to "If you are rich, not just upper middle class"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We have 8 figures net worth thanks to generational wealth. We both work jobs we love. That's what I want for my kids.[/quote] +1. I want my kids to have strong work ethic, goals, and growth-mindset towards the things they want to do. I think this results in greater purpose, meaning, and fulfillment in their lives. But the generational wealth allows them to pursue a greater variety of paths (like arts, public service, entrepreneurship) while maintaining a stable UMC standard of living for themselves and their kids. [/quote] Can you explain what you mean by growth mindset?[/quote] Growth mindset meaning -- a curiosity and orientation towards learning and improving in their chosen path, relative to their own efforts and abilities. Setting goals of their own choosing, working to achieve them, and learning from the process regardless of whether they are achieved. Seeing challenges as opportunities for learning and growth rather than insurmountable roadblocks. This is what has helped DH and I achieve generational wealth for our kids while also mostly maintaining joy, sanity, and meaning through the inevitable ups and downs with our careers and health along the way, so we hope to pass this along as one of several "family values" to our kids -- more important than the money. [/quote]
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