Do you invest in a business where you are promised no stake?
I believe, it's much better, effective and efficient to be an investor instead a philanthropist sometimes.
I believe also, that parents should be investors than philanthropists, and should demand for an evident result for every resource they provide, and yes, in a critically strict manner. Generally, children are given resources they ask for, and generous parents will surely provide the resource they find it useful.
Don't great investors demand for a good share of a company for what they give?
Don't they critically analyze on every single investment they make?
Nobody likes to invest in a business for which he'll get nothing, and investors certainly are critical. Philanthropists, I'd say are polar opposite to such masterminds, they donate, and are super-generous.
I believe, it's much better, effective and efficient to be an investor instead a philanthropist sometimes.
I believe also, that parents should be investors than philanthropists, and should demand for an evident result for every resource they provide, and yes, in a critically strict manner. Generally, children are given resources they ask for, and generous parents will surely provide the resource they find it useful.
Yes, but there's still a hidden but evident fault zone. Questions that few parents generally overlook or actually skip, giving more importance to their child's demand, are what is of even further importance.
They must think about whether it is a valuable resource, which many do, if the resource will be used appropriately, if it is a thing they can't do without, think about whether the resource has a high result-yielding potential, and most importantly, if they are making a genuine investment, that will bear fruit.
For Example, few parents put their children into sports, get them a good equipment, good coaching, spend a fair amount of time dropping them there, and assume that his child is improving his game.
After all that has happened for three to six months and the parent realises that he's just no interest, or passion for the game, goes there to enjoy with friends, has shown no improvement, skips practice, or some absurd reason, the parent has got to simply be dejected and disappointed about the situation.
Therefore, it is crystal clear that a parent has to be critically strict, has to set a definite minimum thing he is assured to get out of the provision of resource, and the passion is the real deal seal. Parents have to pose an undeniable (though doable) demand for approving the investment request.
The parent also has the whole regard to reject an unexplained request. They have to take up the job, because it is they who is held responsible for a child's deeds, so it's they who get to control it too.
A child should be left independent about his thoughts, and parents should listen to their say too, so that a very reasonable point should not be missed out upon. Passion can not be proved concretely, but if a parent observes true and genuine passion, I'd ask them never to reject it, they may, but I'll never.
Smart Investors, parents, we need such people, we need them, we need them!
They must think about whether it is a valuable resource, which many do, if the resource will be used appropriately, if it is a thing they can't do without, think about whether the resource has a high result-yielding potential, and most importantly, if they are making a genuine investment, that will bear fruit.
For Example, few parents put their children into sports, get them a good equipment, good coaching, spend a fair amount of time dropping them there, and assume that his child is improving his game.
After all that has happened for three to six months and the parent realises that he's just no interest, or passion for the game, goes there to enjoy with friends, has shown no improvement, skips practice, or some absurd reason, the parent has got to simply be dejected and disappointed about the situation.
Therefore, it is crystal clear that a parent has to be critically strict, has to set a definite minimum thing he is assured to get out of the provision of resource, and the passion is the real deal seal. Parents have to pose an undeniable (though doable) demand for approving the investment request.
The parent also has the whole regard to reject an unexplained request. They have to take up the job, because it is they who is held responsible for a child's deeds, so it's they who get to control it too.
A child should be left independent about his thoughts, and parents should listen to their say too, so that a very reasonable point should not be missed out upon. Passion can not be proved concretely, but if a parent observes true and genuine passion, I'd ask them never to reject it, they may, but I'll never.
Smart Investors, parents, we need such people, we need them, we need them!
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