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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Sting (of the band The Police) said he plans to give most of his money away and not saddle his children with "an albatross around the neck" which is what a huge sum of money can be.  [/quote]

You have failed as a parent, if you've raised children that cannot deal with the level of wealth you've managed to accumulate in your life. Human progress is precisely preparing our children to be able to take what we've accomplished and build on top of that. We would all be wearing loincloths and living in straw hats if we didn't want to saddle our children with the albatross of woven clothes and brick houses. Just shows you that many very successful people are terrible parents and have failed at one of the most important things that give their life meaning. [/quote]

Well then, a lot of wealthy people fail as parents.  And I think it's because getting too much, too soon can hurt a kid.  It's not normal or natural, and plenty of trust-fund kids end up messed up because they don't really have to work at anything.  There's giving your kids a good start, and then giving them something that's too much for most people to handle.  [/quote]

PP here. Well, sure, a person doesn't have to be a good parent in order to be a successful money maker. Think about it. Being successful/wealthy means surrounding yourself with other capable people, and you don't do that by training people to gain new strengths - you look for and hire people who already have those strengths and further develop them. You get rid of the people who don't have the strengths you are looking for. You don't have those same choices when it comes to your kids: they are who they are and being a good parent means identifying those strengths and developing them to maximizing their value in society. This is also why a middle class parent may be able to raise high-earning kids.[/quote]

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