Coventry Edwards-Pitt > Quotes

“As recent research on brain function shows, working toward a goal and making progress toward its realization does more than simply activate positive feelings; it also diminishes negative emotions such as fear and depression. In many ways, it’s the genuine and sustained effort that counts more than the outcome.”
― Coventry Edwards-Pitt, Raised Healthy, Wealthy & Wise: Lessons from successful and grounded inheritors on how they got that way

“everything is possible, sometimes nothing seems appealing.”
― Coventry Edwards-Pitt, Raised Healthy, Wealthy & Wise: Lessons from successful and grounded inheritors on how they got that way

“Their parents taught them about limits, whether through seemingly inconsequential daily decisions or through momentous turning points. The inheritors learned through experiencing the consequences of their own behavior and as a result were given the opportunity to discover their own inventiveness and resilience. Parents took the long view, steeling themselves against short-term inconveniences and worries. As we will see, even though in each of these cases the immediate consequences were oftentimes painful and uncertain, the children absorbed the underlying message about the value of effort. They grew up determined, resilient, and grateful.”
― Coventry Edwards-Pitt, Raised Healthy, Wealthy & Wise: Lessons from successful and grounded inheritors on how they got that way

“It is all too easy to fall into the trap of wanting to bail your children out—and before you know it they are on a financial drip feed. This erodes self-esteem to such an extent that the adult child’s level of overall satisfaction in life is drastically reduced. We have come to believe that wealthy parents must redefine what it means to “help” their children, and understand that setting limits helps them in a more fundamental and longer-term way. Our interviewees revealed a fascinating truth: Wealthy children felt most successful when they had a career that paid a living wage, were living largely within their own means, and felt as if they would be able to support their basic needs if the family money were to disappear tomorrow. The implications of this are potentially earth shattering for a wealth industry intent on transferring wealth to the next generation, because our interviewees were actually happiest—most “successful”—when they were using very little of the wealth they inherited.”
― Coventry Edwards-Pitt, Raised Healthy, Wealthy & Wise: Lessons from successful and grounded inheritors on how they got that way