Chapter
The Difficulty of Raising Good and Entrepreneurial Rich Kids
58:28 - 1:01:37 (03:09)
Raising affluent kids with values is more challenging than raising poor kids, while it's harder for rich kids to succeed as entrepreneurs since they tend to have the financial backing already in place.
Clips
The speaker expresses his personal bias towards investing in businesses owned by rich kids since they tend to spend money unwisely and have little regard for their investors.
58:28 - 59:27 (00:58)
Business Investing
Summary
The speaker expresses his personal bias towards investing in businesses owned by rich kids since they tend to spend money unwisely and have little regard for their investors. He believes that poor kids have something to prove and are more responsible with their finances.
ChapterThe Difficulty of Raising Good and Entrepreneurial Rich Kids
EpisodeE204: Barbara Corcoran: Turning $1,000 to $1 Billion!
PodcastThe Diary Of A CEO with Steven Bartlett
Raising a poor kid is easier than raising a rich kid with good values.
59:27 - 1:01:37 (02:10)
Parenting
Summary
Raising a poor kid is easier than raising a rich kid with good values. The pressure to succeed as an entrepreneur can be overwhelming for young affluent people.