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May 21st, 2014

A Kinder View of Entitlement

By Ron Nakamoto

When you hear the word "entitlement", what comes to mind?  Aloof, affluent young adults with arrogant attitudes?  A rich person who's a "taker" in life?

In his somewhat lengthy essay below, Matthew Wesley argues for a less judgmental view of affluent "entitled" individuals (as opposed to those on the opposite end of the economic spectrum).  He points to a broader consideration of the Millennial generation, the endless choices available to them, and how those choices define, in Wesley's view, their identities (i.e., who they are).  He draws a parallel between the over-abundance of choices facing the Millennial generation and the plethora of choices that younger members of affluent families have and concludes that these individuals are like others of their generation. In following Wesley's thinking, I'm reminded of many conversations I've had with clients and wealthy individuals about the advantages of wealth.  In many of those conversations, the conclusion has been that wealth creates more and better options and choices.

Thus, because Wesley views "entitlement" as a developmental stage in an affluent young adult's life – one that is influenced more by generational forces than affluence itself – he recommends that those who work with these young adults should focus on helping them build a "focused sense of self".

"…if young adults in their twenties spend time building identity capital, they are likely to be quite successful both in the intermediate and longer term.  Postponing the development of these competencies and connections often leads to the drift we have come to call “entitlement”."

If a young person were to embrace The Empowered Wealth Mindset – especially with our emphasis on Gratitude – to filter and interpret life's experiences, to guide their thinking and their actions, and to ultimately become their mature way of being, I can't help but believe that "entitlement" might be less of a challenge to their long-term sustainable prosperity.

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Reframing Entitlement
There is a major concern I see many people express around the effects of wealth on both younger and adult children.  This most charitably is spoken of in terms of “entitlement” but often is called …

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5 Responses to “A Kinder View of Entitlement”

  1. Ron Nakamoto

    Thank you +Yutaka Sakai. I appreciate your time and attention to my posts.

  2. Yutaka Sakai

    +Ron Nakamoto Comments, I would like to thank true. Going forward, let's work hard each other.

  3. Ron Nakamoto

    +Yutaka Sakai I think I understand what you're trying to say and I deeply appreciate your efforts to communicate in English.  You might send your comments in Japanese if that makes it easier to communicate.  I can use Google translate to interpret what you're saying. Thank you! 🙂

  4. Yutaka Sakai

    +Ron Nakamoto Polite reply, I true like to thank. And watching your post, I was interested in you. Each other field is different in the composer me, let's do our best.
    丁寧な返信、真に感謝します。私は貴方の投稿を観て、貴方に興味を持ちました。私は作曲家でお互い分野が違いますが、最善を尽くして行きましょう。

  5. Ron Nakamoto

    Thank you again +Yutaka Sakai for your kind words and your interest.

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