WITHOUT WORK, THINGS DON’T WORK

 

Craig Aronoff
Craig Aronoff

A friend asked about the impact of wealth on the children of families owning significant assets.  What’s the secret, he asked, to helping such children achieve reasonably well-adjusted adulthood?  Indeed, I was reminded of one client who shared his fear that making his kids rich would make them “poor” human beings.

Here’s the answer I offered — recognizing the complexity of the challenge:  Parent’s must help their children understand that wealth — while it may provide ease — does not provide easy answers.  Only through work — meaning only through the investment of one’s self — does life gain substance and meaning.  Work does not necessarily mean “working for pay.”  It means working for achievement and it means working at relationships.  If one doesn’t work at fulfillment through achievement and relationships, then things don’t work — and life doesn’t work very well either.

One thought on “WITHOUT WORK, THINGS DON’T WORK”

  1. Craig,
    Thank you for your comment. Recently this message was said to me in a different way when someone described the requirement that “everyone understands the need to be able to live independent of the families wealth.” In the same conversation we discussed the importance of deciding to be a family. Neither of these are assumptions that can be taken for granted but are essential ingredients both in developing an independent and competent next generation and in my mind are a necessary condition for growing wealth over time.
    thanks

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