February 19, 2025 The Best Source of News, Culture, Lifestyle for Culver City, Mar Vista, Del Rey, Palms and West Los Angeles

Don’t Spoil Your Kids! by Richard Watts

 “Fables of Fortune†Author Richard Watts Has Advice for Those Most Concerned About Money.

Q: Richard, what is Fables of Fortune: What Rich People Have That You Don’t Want all about? What’s the basic message?
A: The basic message is directed at the middle class. Spending your life being critical of your own happiness in favor of a fantasy that money affords a problemless existence, endless entertainment and a life of contentment is wasting the precious time neither the “haves†nor “have-nots†get more of.
Q: How does this apply to today’s kids growing up in well-to-do homes?
A: It does not apply to the children of well to do homes, it applies to the parents. It is solely the fault of a parent in raising a “child of entitlement†who often, with best intentions, believes it is a benefit to take away the struggle andRichard Watts indecision of their children. Once the children reach adulthood, their wings have had so little strengthening, their chances of flying are limited.
Q: Still, wouldn’t most rather be rich than poor? If it doesn’t make that much difference in terms of happiness, why is everyone so concerned with money?
A: Being rich affords opportunity and access if properly controlled and restrained. Money is like a loaded firearm, you have to be careful where you aim it. Also, wealth has problems of its own that are not apparent to the lookers on. Like a drug addiction, once the wealthy taste the cuisine of materialism, it is difficult to leave the table without wanting the next biggest target. Because wealth is relative, eventually many of the wealthy don’t recognize the difference between a want and a need. If they desire it, they can have it. And after a while, there is little that gives them a high. And if they look for solace for their unhappy dilemma, the world tends to treat them like they are not entitled to receive it.
Q: Anything else?
A: The American Dream used to be about personal freedom; carving out a niche in life that afforded one the opportunity to appreciate and control his or her own life. We are now bombarded with images and stories that suggest only becoming the richest of the rich, or being ultra famous, or reaching a station of trouble free happiness. There is still a lot of availability for personal freedom, but little space or reality in becoming super rich or famous. So perhaps revisiting the original American Dream might provide an attainable goal you may
just reach with greater satisfaction.

in News
Related Posts

Metro LA to Begin Ticketing Bus Lane Violators with Camera Enforcement

February 17, 2025

February 17, 2025

Motorists Parked in Bus Lanes Will Face $293 Fines For Each Infraction Drivers who park in bus lanes will soon...

The Department of Public Health to Hold Virtual Town Hall on Post-Fire Air, Soil, and Water Safety

February 17, 2025

February 17, 2025

LA County Officials Will Discuss Environmental Testing, Recovery Efforts The Los Angeles County Department of Public Health will hold a...

Los Angeles County Launches $32.2 Million Relief Grant for Wildfire Victims

February 17, 2025

February 17, 2025

Eligible Households Affected by the Palisades Fires Can Apply Soon The Los Angeles County Department of Consumer and Business Affairs...

Culver City Police Seek Suspect in Weekend Battery Incident

February 17, 2025

February 17, 2025

Man Accused of Assaulting a Victim is Still at Large Authorities are asking for the public’s assistance in identifying a...

(Video) Enjoy Beach Proximity and Prime Amenities at Ocean View Hotel

February 17, 2025

February 17, 2025

For More Info, Go To Oceanviewsantamonica.com For More Info, Go To https://t.co/RmxV3mgYCs pic.twitter.com/30oSvl7Zvf — Westside Today (@WestsideLAToday) February 17, 2025

Deadly Stabbing Outside Popular Santa Monica Bar on Saturday

February 16, 2025

February 16, 2025

One Man Killed, Another Injured in Early Morning Attack The Bungalow, a popular restaurant and bar in Santa Monica, was...

Iconic Gloria Vanderbilt Estate Hits the Market for the First Time in 72 Years

February 16, 2025

February 16, 2025

Historic Beverly Hills Mansion With Star-Studded Past Listed at $16.5 Million For the first time in 72 years, the historic...

Melrose Avenue Businesses Forced to Close After Floodwaters Inundate Stores

February 16, 2025

February 16, 2025

Heavy Rains Turned Melrose Avenue Into a River, Causing Severe Damage  Heavy rainfall in the Fairfax District caused flooding on...

State Farm Faces Scrutiny Over Emergency Rate Hike Request From State Official

February 16, 2025

February 16, 2025

Commissioner Lara Demands Answers on Financial Stability and Consumer Impact California Insurance Commissioner Ricardo Lara has responded to State Farm’s...

UCLA Suspends Pro-Palestinian Student Groups Following Protest at UC Regent’s Home

February 13, 2025

February 13, 2025

Chancellor Cites Potential Student Code Violations; Student Groups Reject Allegations UCLA has suspended two pro-Palestinian student organizations following a protest...

Flash Flood Warning Issued for Burn Areas, LAFD Officer Swept off Road by Debris

February 13, 2025

February 13, 2025

Storm Damage Closes Pacific Coast Highway, Officials Urge Caution Not even members of the LAFD are being spared from the...

Culver City Police Investigate Disturbing Incident in Culver City Park

February 13, 2025

February 13, 2025

Police Secure Area as Investigation Unfolds on Thursday Morning The Culver City Police Department received a call around 7:23 a.m....

Here are Your Last Minute Ideas if You Still Haven’t Planned Your Valentine’s Day Date

February 13, 2025

February 13, 2025

Luscious Cookies, Delightful Drinks, Full Dinners at Home or In House, We’ve Got Them Okay, maybe you have been a...

Beloved Baldwin Hills Family-Owned Restaurant Post & Beam to Close After 13 Years

February 12, 2025

February 12, 2025

Community Icon Shuts Doors as Baldwin Hills Crenshaw Plaza Redevelopment  In yet another loss for the Los Angeles culinary community,...

Santa Monica Hotel Event Space Offers Affordability, Accessibility

February 12, 2025

February 12, 2025

Elevate Your Events with Versatile Venues and Exceptional Service Coastal stays and eclectic event spaces don’t have to be expensive....