10+ Mistakes Every Parent Should Avoid for Their Child’s Financial Future

Fearing for their children’s futures, parents search for universal parenting techniques that will put their kids on the route to a prosperous job and a happy life. But times are changing, and the old principles of success are no longer relevant. Sometimes, parents’ actions, intended to be helpful, can actually create challenges for their children’s future.

1. Not allowing their kid to fail

Perfectionist parent often strives for perfection themselves, leading them to expect increasing levels of perfection from their child as they grow older — from the child’s artwork never being good enough to their bed not being made perfectly or not studying hard enough. The child faces constant criticism and reprimands but is never allowed to learn from their mistakes. Children of perfectionist parents may grow up to be perfectionists themselves or develop low self-esteem and lack confidence. Both outcomes can negatively impact their future careers.

  • Anna’s mother always compared her to Mary, saying, “Look how tidy Mary is compared to you, Anna!” Despite Anna’s efforts to emulate Mary, she never measured up, and her mother’s criticism only intensified. Anna’s mother never allowed her the chance to improve her habits and learn basic skills. Now at 25 years old, Anna still compares herself to others and always comes up short in her own eyes. Needless to say, this constant comparison has taken a toll on her self-esteem.

2. Paying a child for good grades

This topic remains a subject of debate, but consider this perspective: imagine yourself as a contractor continually paying more for a product or service, with the child as the supplier providing it in exchange for money or rewards. It doesn’t sound like a good idea, does it?

  • Alexandra’s parents sought to motivate their daughter to excel in her studies by offering money as an incentive. Initially, Alexandra’s grades improved, suggesting the approach was effective. However, her parents later discovered that she had been fabricating stories about an imaginary illness and sharing them with her teachers. She even falsely claimed that her parents constantly criticized her for poor grades. The sympathetic teacher then raised Alexandra’s grades out of pity. Following this incident, Alexandra’s parents discontinued the practice of paying for grades and sought guidance from a child psychologist.

3. Preventing their child from expressing their feelings

Sometimes, adults dismiss a child’s feelings as wrong — insisting that bruises don’t hurt, feeling anger toward a child who hit them is shameful, or being sad even with a valid reason is incorrect. Parents often do this with good intentions, wanting to teach their children proper behavior. However, it’s crucial to recognize that a fundamental skill for modern individuals is the ability to acknowledge and manage their feelings, emotions, and needs.

  • Kate, now 37, vividly remembers how her mother forced her to give away her beloved doll to another girl, admonishing her for being “greedy” and scolding her for getting upset over a “stupid toy.” Kate never got her doll back. Over the years, she has worked hard to assert herself, learning to say “no” to demanding people, including her boss and coworkers. Despite this, Kate often feels guilty whenever she refuses to comply with their requests.

4. Failing to support their child in front of strangers

Every child needs the assurance that their parents will stand up for them in any conflict, regardless of the situation, and won’t blindly trust the words of authority figures like teachers, principals, or neighbors. When parents allow their children to speak up for themselves when they are ready to take responsibility for their actions, it helps them develop healthy self-esteem and a sense of personal accountability.

  • Maggy was raised by her grandmother, who often said, “But what will other people think?” Although her grandmother loved Maggy and wanted the best for her, she constantly emphasized the importance of public opinion. As a result, Maggy struggles to make her own decisions and even relies on her friends’ opinions when choosing something as simple as dessert.

5. Drawing inspiration and comparing to successful people

Each generation has its own set of heroes whom young people aspire to emulate. In recent decades, the tales of personal success from wealthy and influential individuals have become widespread. However, it’s not as simple as learning their life story and achieving happiness. If it were that easy, everyone who reads their books would have solved all their financial problems by now.

  • Alex developed a passion for computers from a young age. Inspired by the story of Steve Jobs that his dad shared with him, Alex immersed himself in learning everything about Apple. When it came time to choose a university, Alex initially believed he didn’t need higher education because Steve Jobs succeeded without it. Eventually, Alex realized the importance of education for his path and pursued college to advance his career. Now, Alex jokes, “What worked for Steve Jobs is just a waste of time for an ordinary guy like me.”

6. Pressuring their child to decide on their future career

The notion that a person should stick to one career for their entire life is likely outdated and impractical. Many modern occupations didn’t exist a decade ago, while others have already become obsolete.

  • Since childhood, Max had a passion for exploring computers and understanding various software programs. Despite his parents’ concerns, he pursued this interest and eventually discovered online courses in software testing. Now, he is thriving in this field, leveraging his potential and skills.
  • Laura, at 37, worked as a sociologist for a major consulting firm but found it challenging to maintain her career after having her son. During maternity leave, she rediscovered her love for photography. Starting with unique photos of her child, Laura progressed to offering photoshoots for friends’ and acquaintances’ kids. Over time, she opened her photo studio. Laura now earns as much as her husband and successfully manages her professional life while caring for her family. This shift exemplifies the evolving nature of careers and the importance of embracing new opportunities.

7. Arguing about money

Since children may absorb long-lasting messages from these circumstances, it’s crucial to avoid arguing about money or other matters in front of them. Instead of one-on-one conflicts, which can cause youngsters to take sides and become distressed, talks should be led in a way that promotes involvement.

  • Chris grew up witnessing his parents argue about money. When he went to college at 17 and moved away, he struggled with managing his finances and spending on unnecessary items. He now fears starting relationships, believing that money is the root cause of his sadness.

8. Prohibiting the child from using social networks

Social networks have become today’s equivalent of the yards and neighborhoods where we used to play as children. Kids can learn valuable skills through computer programs integrated with social media platforms. While parents should remind their kids about online safety rules, depriving children of this experience can be harsh.

  • Aria’s mother was surprised to discover that her 10-year-old daughter had learned to create cool videos. Even more surprising was the realization that Aria had learned this skill from using TikTok. Now, creating short videos has become a family hobby for them.

9. Teaching the kid that they have the stuff at home

Many of us recall times when we asked our parents to buy us things, only to hear, “We already have that at home; we don’t need it.” Some parents repeatedly expose their children to such situations, unintentionally discouraging them from getting what they truly need. This pattern can significantly impact their financial habits as adults. On the other hand, constantly satisfying a child’s every need can also have negative effects.

  • Jan’s mother often tells him they have things at home and they don’t buy them from the store. Jan has learned to overlook his needs, and with each subsequent request, he withdraws more, knowing not to ask. When Jan grows up and earns his income, money will go towards trivial things because that’s how he’s learned to live.

10. Preventing children from getting into conflicts

The ability to engage with others is perhaps one of the most crucial professional skills one can possess. It’s important not only to help children make friends but also to teach them how to engage in healthy arguments. People often hold differing opinions, and there are various ways to express emotions. The sooner children grasp this concept, the easier their interactions with others will be, including in professional settings.

  • Michaela spent her life avoiding conflicts, preferring to agree with others rather than engage in disputes. She believed that someone always had to be the “smarter” one, but this approach proved more harmful than beneficial. One day, Michaela learned about active listening and decided to apply this approach in her professional life. She excelled at paying attention to others’ perspectives while also expressing her feelings when others attempted to take advantage of her. Initially, people found her communication style unconventional, but conflicts with coworkers became more constructive, leading to mutually beneficial resolutions.

11. Helping their child learn to save money

The world is always changing, and old ways of making or saving money might not work anymore. We can’t predict what skills will be valuable in the future economy. That’s why it’s important to teach kids to be flexible and ready for change, not just to save money.

  • Emily’s grandfather saved money his whole life “just in case.” But when that “case” finally happened, a financial meltdown made all his investments lose value. Emily saw this while growing up, and now she’s worried the economy could collapse at any time. She believes the best investment is in her skills and knowledge.

12. Trying to build a strong character with the help of sports

While there’s a widespread belief that sports are beneficial for discipline and character development, excessive competitiveness in professional sports can be detrimental to a child’s physical and mental health. This competitiveness can be fueled by both fellow young athletes and coaches. Only a few individuals become champions, and coaches often prioritize these select few, neglecting the rest of the team. Coping with this unfair treatment at a young age can lead to low self-esteem and confusion about alternative life paths if a child must stop playing sports.

  • Tom’s mother pursued rhythmic gymnastics as a child but had to abandon her Olympic dreams due to a leg injury. When Tom was three, his mother enrolled him in gymnastics classes, hoping he would excel. However, Tom struggled in this sport, leading him to lose interest in school, feel like a failure, and struggle to identify his strengths. Now, Tom is studying to become a child psychologist to help parents navigate the challenges of raising children without making the same mistakes.

Being protective of your children is natural, but it’s important to set boundaries. Respecting their privacy is crucial for a healthy parent-child relationship and their personal development. Violating their privacy can have serious negative effects, especially on their mental health.

US Open Buzz: Viewers Say Taylor Swift, 34, Looks ‘Pregnant’ after Seeing Her Belly in a Bodice Dress

Pregnancy rumors were stoked after Taylor Swift was spotted at the US Open with her boyfriend.

On September 8, at the US Open, Travis Kelce, 34, and Taylor Swift, 34, looked fantastic. Rather than their obvious displays of love and joy, Taylor’s body type in the event dress went viral.

Taylor Swift

Taylor dressed in a bright costume to see the Men’s Singles Final between Jannik Sinner of Italy and Taylor Fritz of the United States. The “Sora Linen Dress” of the Reformation was checkered in red and white.

The tiny straps on this $248 dress, which can be worn on or off the shoulders, and the snug bodice complete the design. Taylor accessorized her dress with brown heels, light jewelry, and black sunglasses.

But Travis sported a light beige Gucci bucket hat, a matching cardigan with red and green Gucci stripes, and a white golf shirt. Brown loafers and white shorts completed his ensemble.

Video of Travis and Taylor was made public, and they were seen in pictures at the wedding with Brittany and Patrick Mahomes.

Taylor Swift

A video of Travis and Taylor walking hand in hand into the tournament and exploring was uploaded on X by US Open Tennis. “In the age of tennis.” The account posted a video along with the caption, “Taylor Swift and Travis Kelce arrive at the US Open.”

A video of the duo singing The Darkness’ “I Believe in a Thing Called Love” was also uploaded by the US Open. Singing from their viewing box, Taylor and Travis were having the best of their lives. “@taylorswift and @killatrav believe in love,” reads the US Open caption.

In a Latinus video, Taylor danced to a tune while Travis held onto her and bobbed his head.

In a different scenario from the same video, Brittany and Patrick were standing next to the singer and player who gave Travis a cheek kiss.

Taylor Swift

Internet users recognized Taylor’s belly after noticing images of Travis and Taylor during a tennis event. There were rumors that the “Lover” artist was expecting.

One Instagram user commented, “She looks pregnant,” while another questioned, “Is she pregnant?” Another person commented, “That GIRL is pregnant, lol.” Does Taylor Swift have a baby? A user on X commented, “She’s thin but has a slight belly.”

“When is Taylor Swift going to enthusiastically announce that Travis Kelce is pregnant with their child?” quipped a passerby. Some were ecstatic to see Taylor content, regardless of her pregnancy.

“Okay belly, either she’s full or pregnant either way I’m happy for her,” remarked one fan. Another admirer exclaimed, “Taylor looks so happy!” The sentiment was mirrored by someone else who said, “Okay, they’re officially too cute!” It’s too much joy to watch Taylor Swift fall in love.

Although Taylor Swift and Travis Kelce have not addressed the pregnancy rumors, followers still make assumptions and comments.

Days before she and Travis made their US Open debut, Taylor faced criticism for her outfit as well.

On September 5, Taylor supported Travis by dressing controversially during the Kansas City Chiefs vs. Baltimore Ravens game. She wore a scarlet pair of Giuseppe Zanotti boots, a Louis Vuitton purse, and a stunning Medusa ’95 Versace denim corset top when she arrived at Arrowhead Stadium.

Online images of Taylor at the game provoked heated debate. Using a pregnant emoji, one fan proposed getting pregnant. She’s growing hefty, they said.

One more said, “So tacky!” Will there be no fashion consultant for her? “One would think that with all her money, she could have had her stylist choose a better outfit,” remarked another.

Some found the negativity objectionable. One admirer remarked, “Such a cute outfit.” “Can’t believe some people say she “put on too much weight,”” exclaimed one supporter of her. She looks more human than a stick figure.

“Definitely find her more attractive with some extra meat on her bones,” was one comment made by fans in response to Taylor’s makeover. Never was fond of twig bod. The last praise was just, “She’s beautiful.”

Taylor seemed to have had a good time. She sat in Travis’ opulent suite with his parents, Ed and Donna Kelce, after they had entered the stadium.

Clearly at ease with one another, she and Ed engaged in lively conversation and laughter throughout the exciting NFL game.

In a subsequent video, Taylor stood and applauded, encouraging her partner from the sidelines.

In another Instagram picture, Taylor seemed totally absorbed in the game and was shouting loudly.

She celebrates in pictures with Travis’s father, displaying emotion. They fervently enjoyed the game and were Travis’s supporters.

Following the Chiefs’ victory over the Ravens, Travis and Taylor departed Arrowhead Stadium together.

Taylor Swift

As they walked hand in hand, the couple appeared content and in love. Taylor and Travis are in a public relationship, so their outings frequently go viral. For a variety of reasons, their date night photos became viral in July.

Perceptive observers conversed about the images’ physical attributes. Many have conjectured that Taylor, like her friend Brittany, might be expecting.

Taylor and Travis, a prominent Hollywood couple, were spotted out in London with pals. Their loved ones shared sweet pair images on July 16, which led some on social media to make assumptions about the couple.

According to Summitt Hogue and Brittany’s Instagram pictures, the “Blank Space” artist and tightrope runner from Kansas City is having fun with pals in Europe.

Summitt’s wife, Miranda Hogue, and Brittany’s husband, Patrick, the quarterback for Kansas City, also joined them.

The thrill of their trip was captured on Summitt’s Instagram carousel, which featured everything from trekking in nature reserves and on beaches with his wife and adorable daughters to taking a helicopter ride with Patrick.

In the fifth picture, Summit shared a lovely group shot that included Miranda, Brittany, Travis, Patrick, and Taylor. As the well-known pair moved in front of the other two pairs, Travis wrapped Taylor’s right arm around her shoulders and placed his hand beneath her breasts.

That evening, the vocalist of “Bad Blood” donned a light-blue dress by Vivienne Westwood. $1,010 is the price of the “Sunday gathered cotton midi dress.”

Taylor accessorized her Vivienne Westwood ensemble with a purple purse in the form of a heart. For $721.35 (€660), Taylor offers its “Josephine Heart Crossbody” in croc-embossed leather online. Her heels were block yellow.

Additional European travel adventures can be seen in Brittany’s carousel article. Brittany shared pictures of herself, her husband Patrick, and their adorable babies, Taylor and Travis.

In one stunning picture, Brittany and Taylor shared an embrace as their beaus posed behind them. Summitt was dressed the same way as Taylor.

Travis looked put together in a baseball cap and beige co-ord. Another picture included Taylor kissing Brittany’s head and the two of them hugging.

“What a time #Europe,” is how Summitt titled his photo, and Brittany responded, “London & Amsterdam, a time was had.” Regarding Travis and Taylor showing up in Brittany and Summitt’s Instagram pictures, some sent comments.

People on social media expressed unease about Travis touching his partner with his hand. “Swifties take a closer look at this guy,” a user wrote on Instagram. Whoa.

“Looks like she was trying to move his hand to her waist,” another person remarked. I think it’s hideous and disgusting.

Some people were critical of Taylor’s outfit. One witness questioned, “Why does Taylor’s wardrobe always look like something my grandmother would wear?” Another said, “Taylor needs to fire her stylist.”

Others looked at the couple photo where Travis put one hand on Brittany’s lower abdomen. Travis rubs his lower tummy and gestures to himself. What is meant by that? inquired on social media. “Travy get [Tay] preggers we need little besties for life,” remarked another.

A fan said, “Listen, you and Taylor are so cute!!!” in reference to pregnancy. I adore it, dear! Name my kid Goldie and give her to me. “Brittany & Taylor are both pregnant,” said another.

Although Brittany, a close friend of Taylor’s, has revealed that she will soon become a mother of three, Travis and Taylor have not confirmed their pregnancy.

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