The Daily Dad

Rich Is How Much You Get To See Your Kids

Jan 9, 2024

02:41

Snipd AI

Is wealth really about materialistic possessions or is it about having kids who come home for the holidays? This podcast explores the true measure of success as a parent and emphasizes the value of being present in your children's lives.

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Quick takeaways

True wealth is measured by the ability to spend quality time with your children, not by material possessions.

Prioritizing work over family can lead to a form of poverty, while true wealth lies in engaging with one's family and fostering generational connections.

Deep dives

What is true wealth?

True wealth is not measured by material possessions, but by the ability to spend quality time with your children. Expensive belongings and extravagant vacations do not equate to true wealth. Paul Orfalea, the founder of Kinkos, defined success as having children who come home for the holidays, emphasizing the importance of nurturing strong family bonds. Being present for your children's milestones and attending their events is a true reflection of wealth.

Reevaluating Wealth and Success as a Parent

3min

There are lots of different trappings of wealth. A big house. A nice car. Exotic vacations. First-class flights? Private flights? Not everyone can afford these things. In fact, that’s sort of the point—they are considered fancy and elite because of how elusive they are.

But is this really wealth? Or is this just materialism?

On Christmas (and it’s the Dec 25th entry in *The Daily Da*d book, too), we quoted Paul Orfalea, the billionaire founder of Kinkos, who defined ‘success’ as having kids who come home for the holidays. He was saying that there are lots of wealthy people out there who don’t have that, who are estranged from their family. But what’s interesting about this idea is that it is largely focused on where you and your kids end up later in life, when they have a choice about how much they see you.

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