Mike Brown argues parents shouldn't artificially create hardship for kids. He says wealth comes from more than hard work: creative thinking, risk-taking, and self-investment matter too. He teaches his kids an abundant mindset by showing them what success actually requires.
One thing that many entrepreneurs are afraid of is spoiling their children. So they actually go and try and find ways to make their kids' life more difficult in order to create resilience so that they can grow up in the same way that they did and have that skill set. I'm actually trying to teach my kids how to grow up with an abundant mindset. So we look at one of the philosophies our country is founded on, which is work hard and you'll be successful. I teach my kids that while hard work is important, it's It's not the only factor in success because if that were the case, there'd be a whole lot more wealthy people. The fact is you have to have a lot more skill sets like thinking outside the box, taking risks, investing in yourself by building a skill. And these are actually the things that I'm trying to teach my kid. So when I drop him off to school in a McLaren, I say, hey, where do you think this came from? How do you think dad got this? And I teach him about some of the things that I did along the way to reach this level of wealth and have this abundant life.
