You’ve heard us talk before about the long run. We are all about the long run at 228 Main! Goals with their longest reasonable time horizon benefit from the space to flourish, in our opinion.
The way we and our families weather challenges might say something about our resilience—the capacity for “getting back up again.”
In fact, some research suggests that approaches to parenting may be related to future financial benefits for families and communities. It seems life costs more later for children who don’t have a chance to learn resilience.
How can parents help? The research suggests that the factors that matter most are how parents respond to their children and how parents set expectations and make demands. Together, these two forces help people learn and grow in a safe way.
Consider relationships you’ve witnessed in your life. Maybe you’ve met folks who “had every advantage” but were never challenged as children, or maybe people who had demands put on them as children but didn’t receive the feedback to feel safe enough to stretch themselves.
It turns out “sensitivity”—that is, responsiveness—in relationships can contribute to a person’s sense of stability. No matter one’s financial standing, a sense of stability can have impacts on our financial success: we may make very different decisions when we feel less confident about the future.
We don’t choose our first families, but I have a feeling we can help each other develop resilience at any point. Clear feedback and meaningful expectations? They may be tools to stronger relationships—and more resilient wallets.
Clients, we’re here for the long haul. Thank you for joining us.
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