103: Why Money Doesn’t Create Entitlement

The Wealthy Mom MD Podcast with Dr. Bonnie Koo | Why Money Doesn’t Create EntitlementI was coaching someone recently who worried they were spoiling their kids. This is a common concern among physicians. The vast majority of us earn multiple six figures, so what can we do to make sure our kids don’t grow up to have a sense of entitlement?

First of all, having a lot of money and giving our children opportunities isn’t what creates entitled and spoiled kids. They’re independent human beings with their own minds, and there are no guarantees either way. However, there are things you can do to just keep an eye on the situation if this is a fear you have.

Tune in this week to discover why it’s not having money that creates entitlement in our children. I’m sharing why we believe having money means our kids will be spoiled, and instead how you can address the thoughts you might be having that could lead to your child having unhealthy opinions about money.

If you're ready to take control of your money and practice medicine on your terms, you need to check out Money for Women Physicians. Click here to learn more!

What You'll Learn from this Episode:

  • How I define entitled and spoiled and where the differences are.
  • The most common thoughts I see coming up for my clients about having money themselves.
  • Why money itself isn’t what changes or corrupts a person’s behavior.
  • Where entitlement really comes from.
  • How to see the things you can do to give your children greater awareness.

Listen to the Full Episode:

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