Morgan Housel and Ryan Holiday on Raising Well Adjusted Children And Being Prepared
Apr 6, 2024
11:13
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Morgan Housel, partner at The Collaborative Fund and author of The Psychology of Money, discusses the psychology of money, investing, personal history's impact on financial views, measuring success, social comparison, and more. The podcast delves into parenting challenges, emotional attachment vs. worth, fostering resilience, and shaping well-adjusted adults through facing challenges and failures.
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Quick takeaways
Focusing on raising well-adjusted children involves nurturing independence and resilience, preparing them for adulthood.
Balancing attachment with detachment as children grow fosters resilience and helps in setting healthy boundaries.
Deep dives
Parenting Conversations and Reflections
In this podcast episode, the host engages in meaningful conversations with various guests, including his wife, about the challenges and joys of parenting. Together, they discuss their parenting experiences and how they support and challenge each other to grow and improve as parents. The host emphasizes the importance of striving to become better parents and shares insights and ideas that can benefit others in their parenting journey.
Raising Independent and Well-Adjusted Children
The episode delves into the concept of raising well-adjusted children rather than focusing solely on their happiness. It highlights the significance of respecting children's individual personalities and nurturing their independence. The guest speaker emphasizes that parents should aim to raise children who can regulate their emotions, cope with failure, and develop resilience, preparing them for adulthood.
Understanding Parental Roles and Boundaries
The discussion explores the parental struggle of balancing attachment with detachment as children grow and become more independent. It touches upon the challenges parents face in accepting that they cannot control every aspect of their children's lives, especially as they mature into adulthood. Setting healthy boundaries and fostering a sense of resilience in children are presented as crucial aspects of effective parenting.
Morgan Housel is a partner at The Collaborative Fund. His book The Psychology of Money: Timeless lessons on wealth, greed, and happiness is a deep dive into the psychology of money and investing, especially how personal history shapes one’s view of economic risk, the implications of not understanding the future, being rich vs. being wealthy, how we measure success, the problem with social comparison, and much more. It has sold over 1.9 million copies and has been translated into 46 languages.
Morgan is a two-time winner of the Best in Business Award from the Society of American Business Editors, winner of the New York Times Sidney Award, and a two-time finalist for the Gerald Loeb Award for Distinguished Business and Financial Journalism. He serves on the board of Markel and has presented at more than 100 conferences all over the globe.
Website: morganhousel.com
Twitter: @morganhousel
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