5 Pieces Of Terrible Life Advice Parents Should Stop Giving Kids

I’m a self-made millionaire: 5 Pieces Of Terrible Life Advice Parents Should Stop Giving Kids

Jasmin Merdan  Matt Higgins, CNBC Contributor   Tue, May 23, 2023

It’s graduation season, which means many parents will observe a sacred rite of passage: dispensing terrible life advice to their kids.  Mom and dad mean well. But the class of 2023 will enter a job market during one of the worst periods of uncertainty since the 2008 financial crisis.

I’ve endured similar crises, from growing up in poverty, to dropping out of high school to care for my disabled mother, to holding down two jobs while earning my college and law degrees.

Throughout my trials and my journey to becoming a self-made millionaire, bestselling author, CEO and investor, the one key to thriving was to not play it safe.

Here’s the worst and most outdated advice young people should ignore, and what to do instead:

1. “You need a fallback plan.”

A Wharton study found that just thinking about a backup plan can significantly reduce the likelihood of Plan A from happening, along with the motivation to even try.

There are only a handful of things you can break in your 20s that you can’t fix in your 30s. The only way you’ll have a shot at being the next Taylor Swift is to believe that you will be, and to not worry about what happens if you fall short.

Trust your capacity and agency to figure things out if Plan A doesn’t work.

2. “Cut down your screen time.”

Screens are the future of work. Playing video games for 10 hours straight might not help, but you can learn all sorts of lucrative new skills online.

If you want to start a side hustle, write a business plan, launch a website or market a product or service, the right resources are out there, and often at low or no cost at all.

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https://www.yahoo.com/news/m-self-made-millionaire-5-225716665.html