Most successful entrepreneurs come from affluent families, not humble beginnings. The difference isn't money itself but parental discipline: 70-80% of kids raised in stable, middle-class white families become well-adjusted. Teaching children that money has value matters more than buying them first-class flights or expensive clothes.
You know when people talk about entrepreneurs succeeding, the ones that came from nothing? Did you know the majority of the ones that have done well actually came from affluent backgrounds?
You know what I will say? Like the ones that have done well, their parents are really good. The family is really locked in and they try to make sure that they don't spoil their kids, right? Probably 70 to 80% of the kids that, you know, grew up in like white people families, they're like, they're pretty good. They're not screw-ups.
Yeah, and when you say spoil the kids, it's not about having your kids fly first class or spending too much money on clothes or cars. I don't think those things actually impact their success that much in the future. What really impacts it is the values more than anything else. Yeah. And it's hard to instill good values, especially someone like Neil who likes to spoil his kids. Yeah. But I try to teach my kids, hey, all these clothes that you get, you see this stuff, it costs money. You want this stuff, you need to make it. How are they making it right now? They're not making it right now. They just nag and cry. And that's how they make it. They take it.
Yeah. Neil's like, don't cry.
Stop crying.
Don't cry.
