How to be a Mentor-Parent

Parents all want the best for their children. They want them to grow up to be happy and successful in life. But it doesn’t just happen. Kids, left to their own devices, will seek the path of least resistance. They’ll shirk their homework for pretty much anything. It’s up to Parents to teach their children how to be happy and successful in life. But that rarely happens. Very few children are raised by mentor-parents – parents who teach their children success habits, good behaviors and the importance and consequence of the choices they make in life. When parents fail to be mentor-parents they set their children up to fail in life. Parents are responsible for poverty in society. Not the economy, not the government, not rich people, not big corporations, not Wall Street, not teachers. Parents! I’ve gotten into a lot of fights over this topic over the years with many, many people. It’s hard for some to accept that their poverty is their own doing. Everyone wants to blame someone else for their circumstances in life. They don’t want to take individual responsibility for their circumstances in life. That thinking gets them nowhere. It keeps them poor. You can’t become successful if you’re always blaming others for your circumstances. It’s important for parents to instill in their kids the Rich Habit of taking individual responsibility for their lives. It’s important for parents to lead by example and mentor their kids. Kids are always watching their parents and copying their behaviors and habits. If those behaviors and habits are Poverty Habits, kids will pick them up and take those habits into their adult lives. Kids who learn the Poverty Habits from their parents grow up to become unhappy, unsuccessful and poor. Worse, they pass along those Poverty Habits to their children and this cycle of poverty perpetuates itself from one generation to the next. It’s the reason the poor get poorer.

Kids raised by parents who teach them good daily success habits and behaviors grow up to become happy, successful and wealthy. Unfortunately, those raised in mentor-parent households represent only about 5% of the population in America. This 5% do not struggle financially, they have nice homes, vacation at the nicest places and are generally well read. The most important thing to society is that kids born into Rich Habits households pass along these habits to their children and their children grow up to become happy, successful and wealthy. This cycle of wealth perpetuates itself from one generation to the next and it is the reason why the rich get richer.

If you want to break the cycle of poverty in your family, it must start at home. Parents need to elevate themselves and become mentors to their children. Unfortunately, most parents don’t know where to begin. My latest book, Rich Kids – How to Raise Your Children to be Happy and Successful in Life  ( will teach you the habits, behaviors and the thinking to instill in your children in order for them to live a happy and successful life. Your kids are worth the time and money. Parents are often the only shot any of us have at having a mentor in life.

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Thomas C. Corley About Thomas C. Corley

Tom Corley is a bestselling author, speaker, and media contributor for Business Insider, CNBC and a few other national media outlets.

His Rich Habits research has been read, viewed or heard by over 50 million people in 25 countries around the world.

Besides being an author, Tom is also a CPA, CFP, holds a master’s degree in taxation and is President of Cerefice and Company, a CPA firm in New Jersey.
Phone Number: 732-382-3800 Ext. 103.
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