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Following from the interview Mila Kunis had on the Australian radio show The Kyle and Jackie O Show a week ago, we are convinced that she’s raising future billionaires. Speaking on how her and husband Ashton Kutcher had a conversation about how to raise their children not to become a**holes, she said “It’s a matter of teaching them from a very early age that, you know, ‘Mommy and Daddy may have a dollar, but you’re poor, you are very poor, you have nothing. Mommy and Daddy have a bank account.'”
Considering that both Mila and Ashton are first generation millionaires, studies have shown that there’s a high chance that the fortune they build will be all gone by the second or third generation. Unless of course they apply the golden rule when raising their children to ensure they grow up to be successful rather than a**holes financially. The golden rule as adapted from the widely acclaimed book The Millionaire Next Door is:
No matter how wealthy you are, teach your children discipline and frugality.
According to the book, the kids of the wealthy who raised them with discipline, rules and frugality were more likely to be financially successful themselves. However, the method of instilling discipline should be by action rather than words. The book states that “Kids are very smart. They will not follow rules that their parents themselves do not follow. There must be consistency between what parents tell their children to do and what we as parents do. Kids are very perceptive in pointing out inconsistencies”.
Considering how disciplined and frugal both Aston and Mila are, both having worked hard from poor backgrounds and spending only $190 their wedding bands, we reckon they’ve got the “leading by example” bit on lock down. Additionally, with a father like Ashton Kutcher who is the founder of venture capitalist firm A grade Investments, gracing the cover of Forbes earlier this year for building a $250 million portfolio, with start ups like Uber and Airbnb, we figure these kids are in good hands.
A clever person once said that an apple doesn’t fall far from a tree. Even with our strong predictions only time can reveal how true this will be for these A-list celebrities’ kids.