Millionaire Kevin O'Leary says this is the 'worst curse' you can do when it comes to raising kids

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Millionaire Kevin O'Leary says this is the 'worst curse' you can do when it comes to raising kids

^{Published on 2024-12-07 13:00:49 - 24/7 Wall St}

Millionaire Kevin "Mr. Wonderful" O'Leary of the popular TV show Shark Tank, is probably its most recognized cast member after billionaire Dallas Mavericks owner Mark Cuban. O'Leary's no nonsense, hard-nosed negotiation approach and acerbic wit have made him the perfect foil to the other, more diplomatic millionaire investors.

Kevin O'Leary, known from "Shark Tank," has shared his insights on the pitfalls of raising children, particularly focusing on what he considers the worst mistake parents can make: giving children too much without teaching them the value of hard work and financial responsibility. In an article on 247wallst.com, O'Leary warns against the "curse" of overindulgence, where parents provide their kids with everything they desire, leading to a lack of appreciation for money and effort. He emphasizes the importance of instilling a strong work ethic and financial literacy from a young age. O'Leary suggests that instead of handing out money freely, parents should encourage their children to earn their own money through chores or part-time jobs, thereby learning the value of money, the importance of saving, and the satisfaction of earning. This approach, he believes, prepares children for real-world financial challenges and fosters independence and resilience.

Read the Full 24/7 Wall St Article at:
[ https://247wallst.com/personal-finance/2024/12/07/millionaire-kevin-oleary-says-this-is-the-worst-curse-you-can-do-when-it-comes-to-raising-kids/ ]

N@N

Millionaire Kevin O'Leary says this is the 'worst curse' you can do when it comes to raising kids