In the 1987 movie Wall Street, the character Gordon Gekko advised us that greed is good. The subsequent economic meltdown has put a lie to that statement but it also points to another aspect of life – raising children.
Indulgent parenting put simply means giving your kids everything on a silver platter. It means turning your home into a palace of entitlement where every wish and whim of your child is granted. This is not a recommended practice.
Surveys show that this form of parenting has the potential to cause all sorts of problems later in life. No matter how much money we have now or our parents had when we were young, the most important things in life are still health and happiness.
Parents are far better off practicing certain things with their children regardless of how much money they may have. Many young adults who had indulgent parents suddenly find themselves in trouble when they get older. They were used to getting everything they ever wanted simply by snapping their fingers.
Now they are no longer children and are out on their own. They can’t just snap their fingers and have their wishes met. Life isn’t as simple as it once was. This can cause unhappiness. Having been treated like royalty gives a false impression. You think the world owes you a living when in fact the opposite is true.
All parents regardless of their wealth are urged to put into practice the following steps.
As a parent you may not be wealthy but it is still possible to spoil your child. You can allow them to come and go as they please, not contribute around the house and study as little as they like. This is another form of indulgent parenting.
Children can be selfish and lazy. You can set them boundaries and goals and reward them when they achieve their goals. You can encourage them to work hard and enjoy life and watch as they grow into responsible and happy and healthy young adults.
Here are additional resources you might be interested in:
Parenting Advice: Avoid these Most Common Parenting Mistakes
The Most Effective Parenting Techniques for the 21st Century
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