What was the secret? What advice would you give to parents? We have a 10 and 12 yrs old kids. TIA
Two kids in their late 20's, both doing well. Both have double majors in real majors that were marketable.
Neither my wife or I went to college but we always told our kids they were going to college. They once told us that they never knew they had an option to not do so. My sister's kids, on the other hand, never went to college and are working low-paying retail jobs and are a bit older. One once told us all they were told was that they could never afford college. Expectations and reinforcement are very important. Make it the right ones for them.
Our gift to them was fully-paid degrees. We wanted them to leave college with zero debt. We started saving for them in Fidelity's Contrafund when they were both 3 months old. Not a lot each month but it really did build up. But college cost far more than our worst case estimate so we had to throw in more money at the end. This allowed them to focus on their studies rather than have to work to pay for schooling. They both told us they had no idea what a great gift it was until they saw their roommates working two and three jobs and stressing about whether they could afford to come back the next semester. We took that stress away but insisted they both double major.
We also NEVER harped on them about homework. They could do it any way they wanted, they could listen or watch anything they wanted, as long as they did not cheat and they never turned in a late assignment. Essentially they were allowed to work to the goal as they saw fit.
We emphasized that making excuses is NEVER acceptable NEVER. When one started to make an excuse we shut it right down. Adults always take personal responsibility and accountability. When one made a major error at their job and thought they were going to lose their job, which was likely, they said they started to make an excuse, stopped, and totally took ownership of the error. Their manager leaned back in their chair and told them that that was the only response that could ever have saved their job. They went on with that company for a few more years.
We taught them that it is very important to "give away the credit". ALWAYS credit people who helped you while minimizing your role.
When someone takes credit for your idea, especially if they are your manager, just suck it up and press on. Other people, people who matter, will figure it out and know what happened and who did it. It can never reflect well on you if you complain about this. If it keeps happening, just move on.
We taught the them the concept of OPM: Other People's Money. They never really got it until one needed extra money for an overseas summer college project. We encouraged them to apply for a grant. They said they could never get it. We explained that many grants just have a few applicants so they applied. They were awarded a grant of almost half the trip's cost. Once they got over the shock of not having to ever pay it back, they finally understood OPM and that there are people and organizations that will invest in you if you have potential.
When you work for someone, you work for them under their rules. If you want to make the rules, be the employer and not the employee. If you cannot ethically do something you've been told to do, cut them loose and move on.