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/ Home / Editorial / Money & Meaning / Family Matters /
Visions & Revisions
Expectations and Esteem
Marianne Cotter
06/01/2004

Donna Corwin is the author of seven parenting books and numerous articles on parenting and lifestyle. Her most recent book is Pushed to the Edge—How to Stop the Child Competition Race So Everyone Wins (Penguin Books, 2003) in which she confronts the problem of burnout in children who are burdened with high expectations of success. Corwin lives in Beverly Hills with her husband and teenage daughter. 

Parents who have created substantial wealth must set high expectations for their children, given that managing inherited wealth responsibly requires maturity, financial aptitude and strong leadership ability.
This is true in some respects, but not every child will live up to his parents’ high expectations. Yes, managing inherited wealth does require a certain maturity and financial aptitude, but on the other hand, it is up to the parent to empower the child to be successful. This does not mean pushing the child in one direction, but helping the child “own” his or her own potential, rather than struggling with an unattainable one based on the parents’ standards.

Empowering the child means taking the power out of your hands and putting it into the child’s. When a child takes personal responsibility for his work, he begins to own his pride. If the parents’ expectations are too high—if they set the bar at perfection—the child may not even bother believing he is up to those standards. In this way, the parents set the child up to fail. 

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