This chapter examines the changing perceptions of parenting wealth, particularly in first-generation families, where the focus has shifted towards creating comfortable lives for children rather than resilience and hard work. It discusses the pressures of competitive youth sports on families, the need for developing life skills alongside athletic prowess, and the importance of instilling a strong sense of personal confidence. Additionally, it reflects on relationships, integrity, and the significance of setting boundaries to foster healthy connections in an increasingly complex social landscape.
Garrett Gunderson is the founder of Wealth Factory, a company that provides personal financial education, guidance and family legacy programs for entrepreneurs, professionals and small business owners.
He is also the New York Times bestselling author of Killing Sacred Cows: Overcoming the Financial Myths That Are Destroying Your Prosperity.
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