As a parent, we want our child to feel that he or she is loved unconditionally. That they are loveable because they exist, not because they are an A student, or captain of the football team. And they’ve got to be confident, those two things, I’m absolutely ok, and I’m confident. In terms of competency, what happens when you’re a strong, powerful parent? You think you can just tell everybody what to do. And that’s how they’re going to get competent. And what happens as we are more affluent, we put our kids in this bubble, and we hope that you know, by telling them and guiding them and instructing them that someday, magically, they’re going to hit this magic number and get competent. It doesn’t happen. So what I want parents to do is the minute a child asks for help or assistance in anything, I want you to stop. Count to 10. And while you’re counting to 10, ask yourself, could the child do this task, or any part of this task independently? If so, they’ve gotta do it. That means dressing themselves, that means picking out their clothes, that means making choices. That means when they’ve got a report to write, you’re not telling them what to write when they say I can’t think of what to write. That means if they’re having trouble with a bully at school you don’t immediately run in and give them advice, you say “what have you been thinking about to do?”. That means that you empower them to come up with their own ideas. When you talk about leadership, you have to have the competency, you have to feel competent to lead. What I like about family meetings, the reason I like to rotate the chairmanship, is that we’re training leadership. You give that 8 year old the ability to run the agenda, to tell people when they can talk when they can’t talk, then guess what you’ve just done? You’ve said ‘you can be a leader’. When you give children the opportunity to be involved, I mean if there’s any kind of structure, families have foundations for example, I want a junior board, I want the young members of the family to take responsibility now in being philanthropic. Cause that’s how they get the feeling of leadership.