PARENTING FOR AFFLUENCE AND PRIVILEGE
“In recent years, numerous studies have shown that bright, charming, seemingly confident and socially skilled teenagers from affluent, loving families are experiencing epidemic rates of depression, substance abuse, and anxiety disorders—rates higher than in any other socioeconomic group of American adolescents. Materialism, pressure to achieve, perfectionism, and disconnection are combining to create a perfect storm that is devastating children of privilege and their parents alike.”
“The Price of Privilege” – Madeline Levine, PH.D
- YPP will help give you insight into some of the typical problems and risks associated with being raised in an affluent and privileged environment
- We will provide tools to help minimize and deal with these associated risks to prevent them from becoming a reality in your lives and hindrance to your family
- It is never too late to acquire knowledge, gain new skills and implement damage control
Together, we will develop a structured framework to plan for the future success of your family.
Frequently asked Questions:
- How do you keep a child from being spoiled?
- How do you ensure your child won’t get tangled in a web of privilege, entitlement and materialism?
- How do you teach and instill self-worth and self-esteem?
- How do you foster values such as empathy and respect?
- How do you develop skills such as self-control, self-reliance and cooperation in your child?
- How do you build a strong and loving relationship with your child?
- How do you ensure that your child will make informed decisions and wise choices?
- How do you make sure that your child will grow up to be a respectful, happy, cooperative, well adjusted, ethical, self-disciplined and responsible adult?
The answers to many of these questions lie in identifying and developing a value system that has little to do with entitlement and material abundance, and everything to do with developing a strong sense of self-worth and self-esteem.
At YPP, we can help you identify a parenting style that will help ensure your child stands a better chance of growing up with the necessary skills and values to meet the challenges of living a privileged life. This proactive approach will help prepare your child for the wealth he/she will receive.
Just as you’ve hired a Financial Planning/Investment team to manage your wealth, it is equally important to have a parenting partner to help you prepare your child to receive it.
Families who adopt this innovative approach are nine times more likely to successfully retain their wealth and maintain balanced relationships across multiple generations. As such, inheritances become a force for good and provide continued opportunity, freedom and purpose.