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A lot of the entries on this list have to do with generational wealth. Some of the stories are about so-called ex-spoiled kids finding out they are richer than their peers. Others are about how the spoiled kids had a wake-up call after losing their parents' financial support.
Coming from a well-off family might not seem like a privilege to the kids, yet it still is. An associate professor of psychology at the University of North Carolina at Greensboro, Gabriela Livas Stein, says it's imperative to teach children about privilege, especially racial privilege.
"When people don't understand or acknowledge that their success is not just a result of hard work but also due to unearned advantages, they then make assumptions about the reasons why others have failed ― like they did not work hard enough or did not try to get out of poverty."
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Experts say it's important to teach kids how to practice gratitude. That means embracing what you have and thinking before wanting more, mostly in the context of material things. In his book Freedom of Simplicity, Richard Foster writes about how we, in the contemporary world, always strive for something bigger and better.
"We grasp and grab and never have enough. And most destructive of all, our flashy cars, and sports spectaculars, and backyard pools have a way of crowding out much interest in civil rights, or inner-city poverty, or the starved masses of India. Greed has a way of severing the cords of compassion."
Experts say that we have to teach our kids that we have enough in our everyday lives. Maybe we don't need more toys, more jewelry, and the newest iPhone. Teach kids to prioritize experiences like going to the Zoo and family trips over material things, parenting experts say.
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Another important thing is to make sure the kids grow up to be responsible. That means teaching a child that if they want something, they have to work for it. That doesn't mean that parents should pay children for doing chores. Not everything in this world is material. "To be a functioning part of society, you have to contribute," Today's Parent writes.
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Yea sounds like they knew they raised them right and it was a worthy investment. I think some need to differentiate spoiled vs privileged.
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My friend who's unaware that he's rich thinks that his laptop is terribly outdated after a year so he wants to constantly have a new one yearly.
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And I had to transfer to a public school. I pretended it was because I wanted to be in a co-ed environment and try out for cheerleader, but the reality was, we couldn't afford it any more.
My horse was sold.
Then the IRS came after my family for back taxes and took my mother's bank account, our house and sold our belongings - including my white princess canopy bed.
And to top it off - we had to move into the 'projects' after that.
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