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By Michael Yardney
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Super Parents Raise Kids Who Become the 1% | Rich Habits, Poor Habits [VIDEO]

Ever wonder where the Rich learned their Rich Habits?

In Tom Corley’s 5 year Rich Habits research he uncovered one overriding fact: Parents are responsible for poverty, the wealth gap and income inequality.

Not Wall Street, not the economy, not the 1%, not government policies, not your life’s circumstances – Parents!

Watch as we chat and learn more:

Some data from Tom Corley’s Rich Habits study:

  • Super Parents make their kids read every day for self-education. Thirty minutes or more of self-education reading was the minimum. parent money family
  • Super Parents enroll their kids in mentoring groups such as: The Boys or Girls Club, Boy Scouts or Girl Scouts, Big Brother or Big Sister.
  • Super Parents withhold 50% or more of any money their children receive and put this money into savings.
  • Super Parents review their kids homework. They become their child’s Accountability Partner.
  • Super Parents limit the consumption of T.V., use of Internet and video game playtime to one hour or less every day.
  • Super Parents make their kids exercise aerobically for 30 minutes, four days a week.
  • Super Parents punish their kids for losing their temper.
  • Super Parents punish their kids for saying inappropriate things.  
  • Super Parents attend every Parent-Teacher conference.  
  • Super Parents instill in their children individual responsibility for their life circumstances. Excuses or blaming others for life’s circumstances were not allowed.
  • Super Parents instill in their kids a positive mental outlook. They embrace the American Dream, positivity and embolden their kids with a sense that life has unlimited opportunity, irrespective of current circumstances. Consequently, their kids are positive, optimistic and enthusiastic about life.
  • Super Parents teach their kids the importance of goal-setting, creating a vision for their life and pursing their dreams.
  • Super Parents teach their kids that they create their own good luck in life.
  • Super Parents continuously expose their kids to different activities in order to help them uncover hidden talents and passions.
  • Super Parents are loving, caring mentors to their children. They provide a foundation for success that gives their kids a head start in life. Consequently, their kids enter the adult world with confidence and an optimistic mindset, both of which are critical to success

About Michael Yardney Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and one of Australia's 50 most influential Thought Leaders. His opinions are regularly featured in the media.
8 comments

It is, as you say, interesting. I have provided the kind of mentoring and accountability parenting you describe. My four children are well educated and successful. They are also on the way to accumulating significant wealth. They are well positio ...Read full version

1 reply

Hello well we started investing very early in our marriage we were 25 and 27 we could rent free for two yrs (stayed at nans house) so we brought our first home and rented it out for first two yrs and used that to boost our repayments and get ahead. ...Read full version

1 reply

HI Michael I'm trying to instill the virtues of planning for my two sons, i've explained how important it is for them to seriously consider property investment as soon as they have a substantial deposit, and consider regional as i have to start w ...Read full version

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