PARENTS “WHO RAISED HIGHLY SUCCESSFUL ADULTS” – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
I celebrate ACHIEVEMENT EVERY DAY! WEDNESDAY’S “A Rainbow of Role Models” Series. I do not look at race, skin color, religion, sex, attractiveness (ok, I do like beautiful ladies), age, or any other nonsense. I love learning from inspirational people that inspire me to drop MY EXCUSES and JUST DO IT! Role models who stretch my ambitions and model GIVING BACK!
There is dignity, in achievement and success—in becoming, a great factor in civilization.” Carter G. Woodson.
I hope you will share these short articles; perhaps a few people will be curious to learn more.
Disclaimer: Good Day, Readers. WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations.
STYRON’S INTRODUCTION
I owe my accomplishments and achieving financial freedom to GREAT parents. But God did not stop there. He must have realized I needed more! I had great role models in my Uncle, Aunt, Maternal Grandparents, Brother, and the absolute best boss of my life, Wendell Williams, who was also a fantastic Dad.
“I talked to 70 parents who raised highly successful adults—here are 4 ‘extreme’ things they did that made their kids confident.” – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
Entrepreneurs, in my mind, aren’t just founders of for-profit business. It’s anyone who comes up an idea and turns it into something real, who translates a passion into a project.
As the mom of two entrepreneurial sons, I’ve found that of all the parenting advice out there, the most important ones are about teaching kids to be bold enough to try new things. But how do you do that?
When writing my book, “Raising an Entrepreneur,” I asked 70 parents who raised highly successful adults about the most extreme things they did that helped make their kids brave and confident:
1. They taught their kids to always be curious, and never fearful.
Sometimes, this means letting kids break rules.
Tania Yuki is the founder and CEO of Shareablee, a company that analyzes the impact of businesses’ social media platforms.
Tania developed her fearlessness and willingness to experiment when she was just four years old. She recalls shopping with her dad at a luxury gift store. Despite the “NO TOUCHING” sign, she touched nearly everything.
A salesclerk saw and snatched something out of her hand. For a minute, Tania thought she was in trouble. But her dad stepped in and said, “She’s just curious. If she breaks anything, I’ll pay for it!”
“At that moment, I knew my parents would always trust me,” Tania told me. “They never had any reason to discourage anything I was curious about. I never felt I would suffer consequences for being curious.”
2. They gave their kids independence at a very, very young age.
The parents I interviewed all agreed: The sooner kids are given big responsibilities, the more confident and independent they’ll become.
Michael Skolnik is the founding partner of The Soze Agency, a company that creates corporate campaigns. He developed his love for theater at age 14, and wrote letters to 50 Broadway producers asking to be an intern. He got one yes, from Blue Man Group, based in New York City.
His parents worked full-time and couldn’t drive him from their home in Westchester county to NYC every day; but they had friends with an empty apartment in the city, so they let him live there by himself that summer.
“I don’t know if that much freedom and independence at such a young age would work for everyone, but it did for me,” Michael said. “Their trust in me let me mature a lot earlier than my peers.”
3. They didn’t pick their kids’ passions.
It’s not always easy to trust in outcomes we can’t yet see. But these parents all trusted their kids to make choices about how they spent their time.
Eric Ryan is the co-founder of Method Products, a $100 million company that makes cleaning products. Growing up, his passion was sailing.
“I wasn’t a good student, but I loved sailing and worked hard at that. I sailed competitively from fourth grade through college,” he said. “My dad was always there to support me at regattas, even though he didn’t know anything about sailing.”
Eric, like many of the entrepreneurs I met, chose a passion that his parents might not have picked for him.
His mom told me: “My husband and I had a list of things we wanted them to know how to do — ski, ice skate — but then they chose what they were interested in.”
4. They shared their own struggles.
Many people think that successful adults had thing easy as kids. But oftentimes, people become successful because they learned how to deal with failure.
Paige Mycoskie is one of the richest self-made women in the U.S., through her clothing brand Aviator Nation. Her mom Pam told me that Paige’s resilience came from watching her go through her own struggles.
“I found out I had high cholesterol, and I had to change my diet. I wrote a book with recipes for how to cook with less fat,” she said. “I didn’t know anything about writing a book or about the publishing industry.”
Another parent might have hidden how much she was struggling, not wanting to upset her children. But Pam chose to share her experience with them. Her kids learned that everyone has to deal with problems —and that, with grit and determination, problems can be tackled head on.
Margot Machol Bisnow is a writer, mom and parenting expert. She spent 20 years in government, including as an FTC Commissioner and Chief of Staff of the President’s Council of Economic Advisers, and is the author of “Raising an Entrepreneur: How to Help Your Children Achieve Their Dreams.”Follow her on Instagram @margotbisnow.”
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ABOUT ME
I am a proud nerd (as my beautiful wife and daughter have told me) investment and finance blogger with an N.C. State, Chemical Engineering, University Rutgers, MBA and Harvard University, Advanced Management education.
I left a corporate career because I desired to make a difference as a speaker and writer. I was blessed to be coached and mentored by strong women and men in my family and professional life. It is my time to serve and give back.
DISCLAIMER
I started my first business at ~13 years of age (a small but brilliantly created plant nursery). I am a successful investor in stocks, options, and real estate and am happy to share my finance and investment lessons. I am NOT a licensed financial advisor. Please do not construe my suggestions on this blog as recommendations for your situation. As an investor, you must establish your risk/loss tolerance. Investment in any asset involves risk, including complete loss.
Please seek your licensed CPA or fiduciary financial advisors for individual financial advice.
I write this weekly blog to make an impact by reaching an audience and demonstrating the need for financial literacy. I will help you get there.
