Bridger PenningtonFund Launch & Investment Expert

Best Gift From My Rich Father | Bridger Pennington

9 Nov 2023 · 1 min

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In this candid monologue, Bridger Pennington reflects on growing up with a wealthy father who deliberately refused to give him money, even for basic needs like football cleats, to instill a deep appreciation for the value of work and money. He explains that his dad’s philosophy was that money is inherently good but must be earned, and that this approach served as a powerful mentorship, encouraging him and his siblings to develop self‑reliance, launch their own ventures, and understand financial responsibility. Pennington argues that the greatest gift a parent can give a child—especially a child from a rich background—is not cash, but the lesson that money must be earned, fostering independence and entrepreneurial spirit.

Chapters

How to not screw up your rich kids. Now, first off, if you're calling them rich kids, they're probably already screwed up. I came from a dad who was pretty wealthy. He was very clear. He's like, I'm rich. We ain't rich. I needed cleats in high school and he like wouldn't buy me cleats for like high school football. No, you're good. Use your brother's cleats. I'm like, Dad, like I'm starting varsity. Like, my dad was so good at making us kids understand the value of money, working for our own money, that money's inherently good and actually was a great mentor for us to help us go out and launch our own businesses. And I think it's one of the greatest gifts you can give your kids is not giving them money.