Podcasts about entitlemania how not

Richard Watts was admitted to the California State Bar to practice law in 1982 and is an alumni of the Harvard Business School. He is a renowned speaker and contributor to national publications such as Forbes, Huffington Post, NPR, Variety Magazine, Washington Times, and CNBC, PBS, and has appeared on national television programs to spread his positive message of making your family strong. He is also the author of Fables of Fortune: What Rich People Have that You Don't Want and Entitlemania: How Not to Spoil Your Kids, and What do Do if You Have. A resident of Laguna Beach, California, Richard is the proud father of his three sons; Aaron (wife Rene), Todd (wife Stephanie), and Russell (wife Natalie), and has three granddaughters; Maclane, Lucy, and Chandler, as well as two grandsons; Bennett and Ford.   Richard Watts, founder and President of Family Business Office®, joins me on The Wow Factor podcast today to share his valuable insights into why he moved away from a traditional lawyer role and started a company with a real mission connected to it. He describes the key differences between those who have worked hard to make money and the subsequent generations who have inherited it. He emphasizes the value of thoughtful transitional wealth planning. Richard also discusses the need to have a spiritual connection to the world around you.   “The behavioral fork in the road begins early. You can choose the easier path and placate your children but, but pay the price later. Or you can choose the bumpier road now and use every opportunity that presents itself to teach your kids that taking the shortcut now will cause their life to be rougher as they mature.” Richard Watts, Entitlemania   “There comes a time in your life, and often more than one time, where it's really important to exercise the control over your life that you believe your faith has. If you really say I'm a man of faith, then at some point, you have to exercise that faith.” - Richard Watts   "People that are wealth creators will spend their entire lives being considerate of building wealth. But when it comes to their estate plan, they're not going to be here to worry about it. So, they don't put the same amount of effort in looking at and recognizing what the ramifications may be of a poor plan.” - Richard Watts   “Often the wanting turns out better than the having. If you can teach yourself that the wanting is often more enjoyable than having; that the journey is more appealing than the destination, you have taught yourself a most valuable life lesson that your kids will learn without words. Teach them not to confuse wants with needs...there are few things more rewarding than needing less.” Richard Watts, Entitlemania   This Week on The Wow Factor: The goal behind Family Business Planning and how they help clients with comprehensive family office services How Richard grew the business from six initial client families Why a sense of value tends to fade away when money is no object What ‘option fatigue' is and why it can prevent you from feeling positive about your life Why newly wealthy people, famous or not should practice not having the things that they want How to encourage people to maintain a servant mindset even when they achieve material success The Importance of clever, forward-thinking wealth planning Why drone parents who are strategic in ensuring that their kids don't fail or struggle are doing their kids a disservice Why Richard feels that it's important to stay sharp in terms of your spiritual capital and how he maintains his faith   Richard Watts's Words of Wisdom: The spiritual muscle is one that most people don't take the time to exercise, so it can get a little atrophied — but when those spiritual muscles begin to be used and exercised, we begin to recognize spiritual connections all around us and that's such a key element of an optimistic and fulfilled life.   Connect with Richard Watts: Family Business Office Website Entitlemania Book Website Author Richard Watts on Facebook Richard Watts on Twitter     Connect with The WOW Factor: I Like Giving: The Transforming Power of a Generous Life by Brad Formsma Words of Wisdom Website Brad Formsma on LinkedIn Brad Formsma on Instagram Brad Formsma on Facebook Brad Formsma on Twitter    

Diving into the REAL GRIT of running a business, parenting, and everything in between with our good friend, Richard Watts, Author of the new hit book, “Entitlemania: How Not to Spoil Your Kids and What to Do if You Have”

Next time you do something really embarrassing in front of other people – you will remember what I am going to tell you in this episode – and it will make you feel a lot better about whatever embarrassing thing you did. http://www.realsimple.com/work-life/family/embarrassmentThen, we are going to look at the problems created by parents today who give too much and do too much for their kids. Richard Watts, author of Entitlemania: How Not to Spoil Your Kids & What to Do If You Have (http://amzn.to/2mRbVCP) reveals the consequences of parents over indulging their kids in the name of love.Also, everyone knows that you should stretch before you exercise to become flexible and prevent injury. Yet, according to science it is actually a bad idea. It’s one of the many exercise myths I explore with New York Times writer Gretchen Reynolds, author of The First 20 Minutes (http://amzn.to/2n1Y7pK). You’ll hear the science that explains how many things people believe about exercise, health and weight loss are just plain wrong.There is this thing called the paradox of choice. It basically means that the more choices you give someone the more likely they are to pick none. It’s important to understand and I’ll explain why. http://conversionxl.com/17-lesser-known-ways-to-persuade-people/#

  "Giving too much is oftentimes an affliction of the wealthy, but taking away the struggle is a problem with everybody." -Richard Watts "Palm trees, in that process of growing, what's actually happening in the wind is they're actually cracking and they're breaking. And when the skin breaks, they scar. And when they scar, they become stronger. And as they get older and older, they get to the point where they have so much scarring that they can withstand almost any storm. And what we do with our kids, it's almost like taking a palm tree indoors. We want to grow them and nurture them in a greenhouse..." -Richard Watts Entitlemania: How Not to Spoil Your Kids, and What to Do if You Have Back in April, when Sara Kuljis and I spoke at Pegasus School, parents there told me about Richard Watts, who had spoken at the school earlier in the year. We were introduced, and he then sent me a copy of his book Entitlemania. In this episode, we talk about the book and Richard's ideas about what to do and what not to do when it comes to passing along your family business, planning for your estate, and giving your kids big gifts. BIG IDEAS Certain difficulties and issues go along with being very wealthy. When people get very wealthy they tend to become isolated and suspicious because the people around them usually have an ulterior motive in getting to know them. By insulating your kids and buying their way out of failure, you're not allowing them to learn about long-term staying power, how to manage themselves or to discover their passion. It seems that everybody at all income levels, in this generation of parents, wants to take away the problems from their kids, hold them close, and make sure that they don't ever get hurt. By getting things wrong, kids learn how to get things right. Taking over the family business can place a child on a path of a career choice that's not being found or directed by that child, and, as a result, they will lack passion. It's not healthy to bring your kids into your estate planning too early because it takes away the incentive for them to go forward and do their own thing. It's important to ensure that however you give your kids money, you don't change their current lifestyle. QUOTES Richard: "The entitlement issue brings on two different components. One, giving too much, and two, taking away the struggle. Giving too much is oftentimes an affliction of the wealthy, but taking away the struggle is a problem with everybody." Audrey: "It's so true that in nature we have a great example of what we need to do for our kids, which is to allow them to get blown around a little when they're small, more and more as they get older, and help them, be there for them, but not stop them from bending and going through those difficult, challenging circumstances." Richard: "By getting it wrong, they will learn to get it right.   Richard: "The reason that I generally believe that family businesses create conflict is that it starts a child on a path of a career choice and a passion that's not being found or directed by the child. And oftentimes, it causes a lot of family disharmony." Richard: "You can never outrun someone who's being fueled by passion. Never. The person with a passion can live it all day long, they can sleep it all night long, they can get up in the morning and do it, but they're so passionate because they built it and they own it, that they go 100%. Well, when you do that kind of a job, it's oftentimes very difficult for a child to follow and not feel like they have this unspoken criticism of never measuring up to what Mom and Dad did." Richard: "If I were doing it the right way, I would have the daughter go and work for a competitor, and say, 'Here, go get a job over there, and look around and spend two to three years working there and see if you like it, without having the nepotism of everyone knowing that you had the right last name, and so everyone's going to treat you special. You need to go over there and learn the hard way. And then, if you really like it, let's talk'." Richard: "I believe that it's not good to bring your kids in at early stages to your wealth, to your estate planning, because the truth is that it's part of giving too much. It's part of ensuring their future and it takes away the opportunities for them to go out and to have the incentive to go forward and do their own thing. When they know there's a safety net, they tend not to grapple with their own future quite as seriously." Richard: "'How much is too much to give our kids?' is the wrong question. The right question is, 'How little is too little?' So I tell my clients to begin by giving them nothing." Richard: "I tell my clients that I would rather see them secure their kids' future than to spoil their future. And securing might mean giving them money so that if they have hospital problems, and medical problems, and children that have got deficits, education that you want to pay for, for your grandkids--all of those things are really great ways to secure their future. And you can do that with simple trusts." Richard: "My overview is that you just need to make sure that however you give them the money, you don't change their current lifestyle. You don't want them to start buying material things. You want to just ensure the wellbeing of their future." Richard: "In giving our kids all the things we didn't have, we forget to give them what we did have." About Richard Richard Watts is the founder and president of Family Business office, a legal and consulting firm in Orange County, California.  He is a published author of “Fables of Fortune: What Rich People Have That You Don’t Want,” and “Entitlemania: How Not to Spoil Your Kids, and What to Do If You Have.”  Richard writes for and contributes to numerous publications including Newsweek, Forbes, CNBC, Variety Magazine, and The Washington Times, among others.  And has appeared on Fox Nation, NPR, NBC, and CBS.  Richard speaks internationally on the effects of wealth on parenting and the American family.  Variety Magazine calls Richard, “one of the nation’s leading experts on the issues of child entitlement and family wealth. Resources/Related Episodes http://www.entitlemania.com/ https://www.facebook.com/entitlemania/ https://twitter.com/richwatts If you liked this episode, listen to Ep.100: Teen's Advice for Raising Responsible, Independent Kids Ep. 59: 5 Ways to Help Kids Thrive During their School Years and Beyond with Pam Roy Ep. 11: The Opposite of Spoiled with Ron Leiber How Doing Less Made Me a Better Parent 7 Ways to Help Kids Through their Teen Years

It’s Claire’s first week as co-host! We are talking body image in our 40’s. Kristen chats with author Richard Watts about the tricky task of letting our kids fail, and we sing the praises of the air fryer. In this episode we talked about: Entitlemania: How Not to Spoil Your Kids, and What to Do If You Have Mario Badescu Rose Spray Fiddle Leaf Tree Air Fryer Richard Watts Fables of Fortune: What Rich People Have That You Don’t Want Art of Sport Deodorant Buffy makes comforters that are better for you and the earth, using skin-friendly eucalyptus fabric and fluffy fill made from 100% recycled water bottles. Buffy’s hypoallergenic materials shut out dust, mold and mites – preventing nighttime breathing of harmful allergens. The inside fill of each comforter is made from 100% recycled, bpa-free water bottles that are transformed and given a second life as a soft, fluffy fiber. Buffy believes bedding is personal, so they offer a complimentary trial. Try a comforter in your own home for 30-days. If you don’t love it, return it free! For $20 off your Buffy comforter, visit Buffy.co and enter the promo code SELFIE. Photo by Kody Gautier on Unsplash   Podcast (selfie): Play in new window | Download Subscribe: Apple Podcasts | Android | Google Podcasts | Stitcher | Spotify

Richard Watts, Author of Entitlemania: How Not to Spoil Your Kids, and What to Do if You Have Entitlemania is an epidemic. Well-intentioned parents across the country are enabling a “me” generation of children who lack the wisdom and self-satisfaction of accomplishment that only struggle and adversity can bring. Entitlemania is a state of mind where children believe they should have anything they want, while also believing they shouldn’t have to make an effort to get it. Richard’s groundbreaking book sheds important light on an increasingly pervasive social trend affecting children at every age – and at every income bracket. The big takeaway for parents: You may have to let your children fail so they can learn how to succeed. Learn how to help your children become more, by doing less. Meet Richard in person and hear your story in his words. Nov. 14, 2018

Spending too much money can be way too easy and sometimes turns into a hard habit to break. The guys take a look at a new study that features the opposite: the lifestyle habits of super retirement savers. How can we get hooked on these good habits? Also, author Richard Watts joins the show to talk about his new book, “Entitlemania: How Not to Spoil Your Kids, and What to Do If You Have.”

Richard Watts is a personal advisor and legal counsel to the super wealthy, work he's done for several decades. He's accumulated stories and observations he shares in his new book: "Entitlemania: How Not to Spoil Your Kids and What to do if You Have". www.entitlemania.com

Richard Watts is a personal advisor and legal counsel to the super wealthy, work he's done for several decades. He's accumulated stories and observations he shares in his new book: "Entitlemania: How Not to Spoil Your Kids and What to do if You Have". www.entitlemania.com

Kathryn interviews family advisor and legal counsel Richard Watts, author of “Entitlemania: How Not to Spoil Your Kids, and What to Do If You Have”. We all want to take care of our kids – but are we doing too much? Watts, who has spent thirty years advising some of the country's wealthiest families, says we are. Watts explains how giving too much too often keeps our kids from developing the skills they need to take care of themselves. Kathryn also interviews Joan Juliet Buck, the first America female Editor-in-Chief of ParisVogue. Buck is the author of “The Price of Illusion: A Memoir”. Buck, the only child of larger-than-life film producer Jules Buck, was born into a world of make-believe. When Buck became Editor in Chief of ParisVogue, she had the means to recreate for her aging, widower father the life of glamour and luxury he'd enjoyed during his high-flying years. Buck is the author of two novels and is featured in Vogue, Vanity Fair, Traveler, and The New Yorker.

Kathryn interviews family advisor and legal counsel Richard Watts, author of “Entitlemania: How Not to Spoil Your Kids, and What to Do If You Have”. We all want to take care of our kids – but are we doing too much? Watts, who has spent thirty years advising some of the country's wealthiest families, says we are. Watts explains how giving too much too often keeps our kids from developing the skills they need to take care of themselves. Kathryn also interviews Joan Juliet Buck, the first America female Editor-in-Chief of ParisVogue. Buck is the author of “The Price of Illusion: A Memoir”. Buck, the only child of larger-than-life film producer Jules Buck, was born into a world of make-believe. When Buck became Editor in Chief of ParisVogue, she had the means to recreate for her aging, widower father the life of glamour and luxury he'd enjoyed during his high-flying years. Buck is the author of two novels and is featured in Vogue, Vanity Fair, Traveler, and The New Yorker.

Do you think your kids are entitled? Being entitled means "believing oneself to be inherently deserving of privileges or special treatment." Know anyone like that? Chances are they might be and you don't even know it. This is an issue I think about a lot given that we live in the very opulent, and often excessive city of Los Angeles. And although we are not super wealthy, I worry that my daughter could fall into the entitlement trap. But is entitlement a product of environment or entirely up to the parent's choices? In his new book, Entitlemania: How Not to Spoil Your Kids, and What to Do If You Have, Richard Watts gives parents practical advice on how to raise kids without entitlement. Watts has 30 years of experience as a personal advisor and legal counsel to America's most wealthy families and has seen first hand what wealth and entitlement can do to children. He's not afraid to tell parents to let their kids fail, so they can succeed. In this episode we discuss: Best friends? Big mistake! Why being your child's best friend is a bad thing for them -- and you How wealth "super-charges" the issue of entitlement -- but isn't a necessary component Breaking the 'mini-me' compulsion and learning to allow your child to discover who they are on their own terms Giving experiences, not things, to your children Pride is not transferable: cultivating the wisdom and satisfaction of true accomplishment in your children by denying them much of what they 'want' His experiences with America's wealthiest families, and what they have taught him about the qualities that make -- and break -- the family unit Entitlemania: How Not to Spoil Your Kids, and What to Do If You Have is available now online and in stores. If you'd like to WIN A COPY of the book, just leave your name in the comments below and I'll pick a random winner on Jan. 27th. About Richard Watts  As personal advisor and legal counsel to the super wealthy, Richard Watts spends his workdays within the castle walls of America’s most successful families. Called on to guide his clients through some of the most intimate and difficult decisions they have to make, his primary passion is conveying the wisdom of life through his practice, lectures, and writings. He is the founder and President of Family Business Office, a legal and consulting firm in Santa Ana, California.  Don't forget to subscribe to Motherhood in Hollywood on iTunes. Follow me on Twitter @MIHpodcast Instagram at www.instagram.com/MotherhoodinHollywood Facebook at www.facebook.com/motherhoodinhollywood And keep up with my Hollywood happenings at www.motherhoodinhollywood.com