Today’s fantastic family finance article is:
#AskGaryVee Episode 179: Encouraging Children
On this episode of the Ask Gary Vee Show, the famously energetic Internet entrepreneur, Gary Vaynerchuk, fields this listener question: “My sons love digital media and Snapchat. They wanna be producers. Any advice for y-gen?”
Gary’s advice boils down to a simple three step recipe for parents of aspiring kidpreneurs:
- “Make them feel like they can actually do it.”
- “Let the results be the results. Don't fake the results.”
- Disappointing outcome? Help them own it. Discuss how to do better.
Return to Step 1.
Gary laments that many parents do the complete opposite: damping expectations at the outset, and doling out unwarranted praise afterwards.
Gary closes out the segment with this pearl:
“Encouragement matters, but reality matters just as much. Create friction among those two to create the perfect storm for the young and moldable minds.”
The bottom line: Create positive permission for your kidpreneurs to compete and regroup, but don’t hand out any “8th place trophies.”
Watch Gary’s 3 minute segment starting at 16:17 here.
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