For years, expert parenting writer Margot Machol Bisnow has been on a mission. Over the past 15 years, she’s interviewed 70 parents of highly successful adults and hundreds of entrepreneurs to learn the secrets behind raising children who succeeded in their careers and grew up to be kind and generous.
The insights gathered are valuable lessons that can help parents nurture their kids’ unique talents. These parents shared four big takeaways they wish they had known earlier. Let’s dive into these lessons and see how we adapt the way we raise the next generation of innovators and leaders.
1. Let them follow their heart
Many kids show early signs of a burning passion even if it’s not what parents initially expect. Take, for example, the case of Jon Chu, a young director who loved storytelling from the age of 10. His parents worried that his focus on movies might derail him from a “real” career. In time, his creative drive turned into blockbuster success, proving that passion can open doors in unexpected ways.
Whether your child is into art, sports, or any other field, letting them explore their interests leads to creativity and determination. Spending hours developing a skill isn’t wasted time, it’s an investment that can lead to a fulfilling career or could complement their knowledge even if they end up taking a different profession.
2. Celebrate setbacks as learning opportunities
One of the most surprising lessons is the importance of failure. Instead of discouraging mistakes, many parents found that celebrating them taught their children invaluable lessons. When setbacks are seen as chances to learn, kids become more willing to take risks and try new things.
This approach helped kids see challenges as stepping stones rather than roadblocks. In a world that often rewards perfection, embracing mistakes fosters resilience and a mindset for growth.
3. Build financial confidence
Money isn’t the easiest topic at the dinner table, but it’s a lesson that pays off and some parents wish they had started talking about it sooner. They realized that involving kids in everyday financial decisions—like budgeting or discussing the costs of something new—can lay a strong foundation for smart money management.
By making financial conversations a part of regular life, children learn the real value of a dollar. This kind of early exposure can boost confidence and prepare them for the financial challenges of the future, whether that means starting a business or making big investments later in life.
4. Don’t think college is the only road
Many parents once believed a college degree was the only path to success. However, several stories prove that it’s not the case. Many young entrepreneurs have skipped traditional college to pursue careers in creative or tech fields, ultimately excelling in ways many never imagined.
This reminds us that while education is important, the traditional classroom isn’t the only place where learning happens. Real-world experiences, dedication, and self-belief can be just as powerful in creating a successful future.
These four lessons offer a fresh take on parenting. By embracing creativity, celebrating failures, discussing money openly, and accepting diverse educational paths, parents can raise children who are successful, confident, and resilient. These insights provide a roadmap for the next generation of innovative thinkers who will make their mark on the world.
