The rich are different from you and I, but they still want to give their kids an allowance. So what do the world’s richest man’s kids do with their money? Melinda Gates focuses on women and children. but she spilled some secrets about how she tries to get her kids to be purposeful with their money.
First of all, she tries to be true to her values, to articulate them and live them out.
Additionally, Melinda says they do a lot of volunteering together for “whatever tugs at their heartstrings…They have that connection I think to the developing world. And of course, they’ve traveled with her. “They see the difference a flock of chicks makes in a family’s life. It’s huge.”
Bill and Melinda Gates are trying, just like the rest of us, to ensure their three children think about others. That’s why the über-rich couple make sure their trio set aside a portion of their allowance for charity.
She’s similarly rigorous about her home life. Her kids save a third of their allowance and designate a charity they’d like to give it to. As further incentive, their parents double the amount.
Bill Gates is a guy with all the money in the world, yet he showed up to work every day to change the world. He’s not a seeker of fame or a seeker of fortune, although he has both.
He has given some $28 billion to charity over the past five or six years. Rather than just retire and play with his money, he focuses his time, energy, and resources on making a better world through innovative approaches.
“I hope you will judge yourselves not on your professional accomplishments alone, but also on how well you work to address the world’s deepest inequities, on how well you treat people a world away who have nothing in common with you but their humanity.” This is the kind of caring and empathy that causes people to stand behind a leader. He is the type of person who isn’t working toward his own goal of personal gain; he is working to help others grow. This is a key quality that successful leaders often embody.