My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Back to Takes
Wealthy parents systematically damage their children by trying to give them advantages they themselves didn't have
Spiciness
social_critiqueThe Reasoning
The struggle and resource constraints that built the parent's success are exactly what they're removing from their children's development
What Needs to Be True
- Struggle and constraint build crucial character traits
- Easy money reduces motivation and skill development
- Parents project their own scarcity rather than understanding abundance
Counterargument
Wealthy parents can provide better opportunities and education that genuinely help their children
What Would Change This View
Evidence of children who received large financial gifts becoming more successful because of them
Implications for Builders
Embrace constraints as character building
Focus on skill development over resource accumulation for children
Understand that your struggles were features, not bugs
Example Application
“Instead of giving your 18-year-old $20M to start businesses, give them small amounts with clear achievement milestones to unlock more”