How to raise children to be future ballers in finance?

Any parental tips to make sure children know what’s good for them and take math and finance seriously? The road is long but it seems kids increasingly see a future that is social media related, trend driven, or simply want to play games all day. Thanks!

 

This should be a fun thread.

I view children as blocks of marble, I view myself as the sculptor. I have to be Michealanglo or however you spell his name and turn them into David. 
I plan to send my children to the best possible schools, make sure they know real history, not this crap they’re teaching now. Make them cultured, get them the best tutors to instill them with knowledge, like they did in the old days. My wife and I will also serve as examples to them, on how to live, when to listen and when to choose your own path, giving them independence but also guiding them is a delicate balance, one that’s very important. I don’t have a problem with social media, but no daughter of mine will be an “instathot” no son of mine will be some beta simp on onlyfans. If they want to do those stupid trends that come up now and then, fine. As long it’s not tide pods or something nasty. In the end, they can choose their own path, be a “baller in finance” or something else. But I’ll raise them right.

 
Funniest

I have to be Michealanglo or however you spell his name

With that level of knowledge, it would be interesting to see what masterpieces you'll sculpt your kids into 

 

Okay, I admit I’m shit at spelling words, but hey... no ones ever made it by being a good speller. Like whatever happens to those national spelling bee winners after they win?

Also, the rest of what I said was on point, that’s all stuff parents should do, if they have the resources.

 

Wow reading this makes me really sad. Not for you, but for me. I’m just really disheartened to know I can never have a parent like you who will push me to be an investment banker :( Everyone knows the best way to raise children is by pre-planning their whole lives, and forcing them to follow a regimented path that you’ve laid out for them based on dreams that you yourself were never able to accomplish. It’s a science proven fact that they will grow up to have healthy relationships and be stable mentally if you are to raise them this way. I really wish my parents did that :( Can you be my new dad?

 

Um... did I not say they can choose their own path. All I’ll do is be an example and help guide them. 

 

Right. Also, seek out a mate who is a true psychopath such as yourself to increase the odds of generating the finest of conscious free offspring. Have a half dozen or so devil spawn and hopefully at least one of them will be “successful” from modern standards. One or more of them may end up as serial killers, but that’s the risk society will have to endure.

 

Any parental tips to make sure children know what’s good for them and take math and finance seriously?

Make a deal with them to pay them cash for each grade. 

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

I can't imagine a better reward system in all honesty. High performance in the real world is rewarded with cash, so you should condition children to use that as a baseline incentive for hard work.

Plus some type of competition, ideally a sport that recruits well to top schools, so they get that thrill of victory when practice and can learn to lose gracefully.

"The obedient always think of themselves as virtuous rather than cowardly" - Robert A. Wilson | "If you don't have any enemies in life you have never stood up for anything" - Winston Churchill | "It's a testament to the sheer belligerence of the profession that people would rather argue about the 'risk-adjusted returns' of using inferior tooth cleaning methods." - kellycriterion
 

I think this is pretty interesting. It mimics life in a way- so better at work and you get the bonus/ raise/ better job. Even for the entrepreneur types- putting in the work means better investors in your fund/ business/ idea.

“The three most harmful addictions are heroin, carbohydrates, and a monthly salary.” - Nassim Taleb
 

Yeah, I think the important first step in the equation is the negotiation. The child does not know they are stepping into a negotiation, but it will be one that they remember very well. Rather than just stating the rules, the child will have a chance to give input as to what is a reasonable reward. A semester is a long time for a child, so they may need some midterm grade payoff halfway through. Maybe semester and year bonuses for all As. Bonuses tied to hobbies as well like new snowboard or bike, etc. They need to be motivated to do the work. Everything can be discussed in the negotiation and you can type it up and put it on the fridge as the incentive sheet. 

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

I think by instilling in them from a young age that finance is the pinnacle of all fields, and working in banking is doing God’s work. Lead by example. Show them that being rich is much better than being one of those STUPID poor people. Immediately shut down and belittle them for following any sort of interest they have outside the scope of anything finance related. Also consider giving them a complex during their teen years so if they are anything less than a Goldman partner by age 30, theyve failed. Fear = Motivation. Oh yeah, I forgot to mention - try to be as cold and distant as possible during their formative years. This will generate a large amount of drive to please their parents. It will be well worth it! You’re doing it for them!

 

Ballers in finance, seriously? If you could truly mold your child into anything, I would argue that you should push them into being the best athletes they can possibly be. If they make it big and get into the NBA, NFL, MLS or European soccer, NHL, MLB, or whatever else, they'll be making a lot more than in finance lmao. If they don't, just make sure they're well educated enough to get into a risk-averse industry like finance, computer science, law, medicine, or engineering and be capable of making a comfortable living for themselves.

 

Not gonna lie, I know a couple who do this to their kids. One of them has a dad who is a succesful businessman (on a small scale) and wants his son to take over, the son doesn't want to and just joined the marines to get away from it all. 

 

If this is truly your goal, you need a wife willing to pop out 8-10 offspring for you. The first 2-3 might turn out to be loser simps & only fans entertainers, but it’s about the net score - not average. By the time you’re on the 6th, you’ll have some reps in and they will have some examples of what they don’t want to become.

 

This. This is golden advice right here. I'm actually planning on taking multiple wives in multiple geograhies and having each pop out 6-8 specimens that can be scultped into "Ballers in Finance" I really want my children to be succesul that way I can live my dreams through them. *sarcasm*

 

i really really hope my daughter doesnt go into some shit just for the money

not like finance is even good $/hr work

im gonna get her into athletics early. olympic weightlifting and gymnastics pref

I was between that and the 2lb bar for my 3-month-old daughter. Went with the 2 but she's gonna max that out quick as soon as she discovers her hands. she's so strong. We're doing assisted squats and dead hangs daily. she's like 1.5 months ahead of the curve. 

and art. we're gonna do a lot of artsy shit together

i hope she's an athlete, artist, or does something in STEM that helps humanity

heister: Look at all these wannabe richies hating on an expensive salad. https://arthuxtable.com/
 

i type up a lot of shit an delete it all

you ever do that?

every time i do it makes me that much less likely to type anything again

is everyone on the internet either young or foolish?

heister: Look at all these wannabe richies hating on an expensive salad. https://arthuxtable.com/
 

Block them from using social media. Tech CEOs and employees don’t allow their kids to use this or tablets at all which says A LOT. People do not take this seriously enough.

 

Make them curious and think by themselves - people are now just bombarded with information and it they don't know something they just go the easy route and google shit. Limit screen exposure as much as possible unless for science documentaries (possibly in another languages) - foreign languages are super easy before the age of 10, so make the most out of it, languages is a very useful tool, and helps brain development as well (I understand you may not speak any but if you make them watch spanish annimal documentaries - like I did as a Kid my parents don't speak a word of spanish - I can basically hold a good convo in spanish 15 years down the line). As kids the brain is a sponge

Make them play board games, chess, crosswords, sudoku, all of these 'old people' activities that actually make you think - music is also a great driver of brain development - if you are working in Finance you can pay for Piano/Guitar classes, and team sports (as we are in a society that is more and more self centered and individualistic). 

If you make them do that, they will be curious individuals and no matter what they end-up doing they will do well. Most of my friends/siblings that shared 2-3 points of the above all went into Finance, MIT/Caltech type of eng, Medicine or Top Law. Needless to say, all of us are or will be sooner or later in the top 1% of our country(ies). I believe that this is what you can aim to achieve as a parent - but make sure that they are happy doing what they do (music doesn't have to be the piano, it can be any other instrument), same for sports. 

Typed this in between multiple calls so it's a bit all over the place and not structured but hope this helps (I am not a dad, but this is just some of my observations)

 

Honestly, from my understanding kids can't be directly molded, since the tabula rasa model of human nature is completely incompatible with our understanding of biology. If you really want to make your kid a finance baller, try to indoctrinate them into being a hardcore insufferable Bernie bro vegan hippie. Out of spite and resentment for you as their parent they'll subconsciously pursue a life path that is completely opposed to what you try to instill in them. Good luck.

 

I’ve been working some long hours the past weeks and tonight my 6 year old daughter came to my home office to say goodnight.  I said I’m working hard so we can go to Disneyland.  She knew.  Hope the values that you have to work hard to get what you want rubs off.  
 

There could be someone smarter than you but you can choose to outwork most of the field.  Learn to work fast and creative and sky’s the limit.

I think honing an unique combo of skills will be especially differentiating.  Creative/imaginative and detailed oriented, for example (strong and fast for sports).  I show my daughter floor plans, get her to imagine walking through an imaginary building.  We play SimCity (cause and effect variables, creative, responsibility).

Visual spatial intelligence is high, try to work on other areas (that’s the challenge).

Have compassion as well as ambition and you’ll go far in life. Check out my blog at MemoryVideo.com
 

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Not saying I'm a baller, but definitely don't let your kids become controlled by their environment in negative ways. Teach your kids self defense, I believe this would've helped me tremendously. Encourage them to be stronger and learn to use their strength when necessary. It's impossible to focus on intellectual and artistic pursuits like school, music or sports when you're deciding on where to hide during recess.  

 

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