Are Children of Wealthy Parents Good for Nothing?
You know the stereotypes: spoiled brats or without ambition. We’ve heard it often enough and I don’t have statistics to prove either way. Whether or not they run into difficulties more than other people, affluent kids do face certain issues because of the family’s wealth:
- They have more money and often also more time to get into trouble (not having to work to fund their education). We all know teenagers have a design flaw: they have a seemingly irresistible urge to sow wild oats, to experiment. The more hangout time they have, the more exposure they get to dubious ideas (theirs or their friends’). And the more money they have to party with, the fewer external limits on drugs and alcohol.
- Many feel entitled to whatever they want; they pretty much always did get it, so why wouldn’t that continue. That can create a number of serious problems: they haven’t learned how to push themselves which makes them lazy; they aren’t very resilient in the face of defeat because they haven’t faced adversity; they can be, well, unlikeable because of their arrogance; and they might also lack in empathy which makes them highly flawed human beings.
- On the other side of the coin, some are burdened with heavy expectations: maintaining the family tradition of excellence, and that might not suit the type of personality they were born with.
- Not only that, they may not feel like they have a choice of career; they are not allowed the right to follow their life purpose if it isn’t one of the “acceptable” paths. So their choice may be either to live with a squashed spirit or to rebel.
Of course, there are many affluent children and young adults who are delightful, well adjusted and a gift to their community, and others who are just plain average.
My point here? This whole subject is just another example of how success can bring a new set of problems if it’s not managed properly.
I Got What I Wanted; Why Am I Not Happy
That’s what a client of mine once said. She had just gotten divorced under “great” circumstances: it was what she wanted, the children were grown up and on their own so there was no custody issue, and there was plenty of money for both spouses so divorce wasn’t a financial trauma. She finally had the independence she had been craving. And she was lost.
It’s not like she had gone through the anger and sadness of having been ditched and replaced by a younger model or that she missed their life together. She was bright and quite capable of managing on her own. But there is one thing she didn’t have.
You see, though she looked like she had “a life” and quite an active one, she really had never developed a sense of personal purpose. Her purpose was tied to her marriage: she was the prominent wife; that was her identity even when the marriage had cooled off to a point where they didn’t spend much time together.
The good news is that she had the time to explore who she was and what she really wanted, and the resources to act on her findings.
The bad news is that if she tried to fill her life without purpose, she could end up very busy but feeling rather empty without knowing why.
Major life transitions like divorce can be difficult (she was one of the few lucky ones!) but they also are great opportunities to reinvent ourselves or discover who we always were.
Why Would High Marks at School Be Bad For Your Career?
For one thing, the ability to relate to people is the main success factor in business (more about that in later posts). Many of us paid the price for high marks with long hours of concentrated work, leaving little time to pursue other interests.
I know that I would go through my MBA differently knowing what I know; I would spend a lot less time with my nose in books, and a lot more being involved in various activities with people. Of course, it’s a balance.
Making high marks a priority can also prevent a student from experimenting with a new subject and with taking risks on choosing a project topic. Looking back, I see I missed great opportunities to learn a lot more than what I did, not only about subjects, but also about how to think your way through more uncertain territory. (Thankfully, I came to my senses later in life).
Finally, I’ve observed that many people who have worked hard at school and then in their careers don’t know themselves that well. They never devoted time and attention to exploring who they really are, and can find out that they spent their lives climbing the ladder only to find that it’s against the wrong wall.
Electronic Leash
I was traveling for most of May, partly for business and partly for pleasure, and the month flew by. I had decided that writing blog posts was not my highest priority; looking after individuals’ needs was as well as taking a break.
But I felt like a slacker for not posting, which of course is ridiculous. It’s just another example of how we let electronics keep us on a leash: checking our e-mails and bringing our blackberries and laptops on our trips.
Yes, if we don’t deal with them the e-mail volume gets ridiculous; and there may be a deal going down. But by being so available, we trained people to get us involved rather than deal with matters themselves. And taking an electro-break is absolutely essential to our wellbeing and future performance.
Did you know that our brain recharges best when we give it a change of pace? It wants us to do something different and checking messages on our blackberry while we’re on the beach spoils the whole thing. Sort of like looking at our watch when on a romantic date.
-
Search
-
Blogroll
E-course on "How to stop fear from ruining your day... and your business." Your address will not be shared with anyone in any way. |