David Ciccarelli (aka Millionaire Dad), CEO and founder of the waterfront rental company Lake, teaches his four children the importance of money. He revealed that he doesn’t simply give them money when they ask.
Teaching Financial Responsibility: A Conservative Approach
David Ciccarelli’s journey to success is a testament to conservative financial values. Before founding Lake, a company specializing in waterfront rental properties, Ciccarelli and his wife, Stephanie, built a voice-over business that provided them with substantial wealth. With their financial foundation secure, they focused on expanding their family.
Earning Over Handouts: Instilling Conservative Work Ethic
Ciccarelli’s commitment to conservative values extends to his parenting philosophy. Rather than handing out allowances, he believes in teaching his children the value of hard work and earning their own money. In an interview with Business Insider, Ciccarelli emphasized the importance of his children contributing to the family’s well-being.
Real-World Money Lessons: A Conservative Approach to Financial Education
Ciccarelli doesn’t stop at teaching his children about earning money. He ensures they understand the practical aspects of financial management, including using debit cards and making investments in companies like Tesla and Disney. By providing hands-on experience, Ciccarelli instills conservative financial values in his children.
Rewarding Problem-Solving: A Conservative Approach to Initiative
In addition to earning money through chores, Ciccarelli rewards his children for problem-solving. This conservative approach encourages initiative and critical thinking, preparing his children for the challenges they will face in the real world.
Teaching Conservative Values: Giving, Saving, and Spending Wisely
Ciccarelli prioritizes teaching his children conservative values regarding money. He emphasizes the importance of giving, saving, and spending wisely, instilling a sense of responsibility and generosity in his children.
Encouraging Individual Passions: A Conservative Approach to Personal Development
Ciccarelli supports his children in pursuing their passions, taking a conservative approach by allowing them to explore their interests and find their own paths to success. This approach fosters independence and self-discovery, in line with conservative values.
Embracing Frugality and Responsibility: A Conservative Approach to Resource Management
Finally, Ciccarelli teaches his children the importance of frugality and responsibility. This conservative approach ensures they don’t waste resources or money and instills a sense of stewardship for the blessings they’ve been given.
Conclusion: Passing on Conservative Financial Values
Through his conservative approach to parenting and financial education, David Ciccarelli is preparing his children for success in the conservative values of hard work, responsibility, and fiscal prudence. With two of his children already achieving financial independence, it’s clear that Ciccarelli’s conservative values are making a lasting impact on their lives.
