The generation of millennial, who left no stone unturned to make different, more unconventional career choices than their parents are now bustling parents themselves.
It has been found that approximately 26 million millennial are raising kids today, however, this figure is expected to grow exponentially over next few years.
As the millennial rode on awareness and means which were unavailable during their parents' time in the 80s and 90s, the young parents believe that the new kiddos will have higher walls to scale for ever-increasing opportunities.
The new parents today are rewriting the traditional routes to parenthood. They are encouraging kids to dream big. They try to carve out future options for their children's future - by exploring, identifying, and pursuing the best available options.
Experts believe that new parents should follow some simple tips to aspire their children to a better future.
Introduce the child to the theory of 'Big Dreamers'
With kids today being exposed to technology and hence the world, it has become more important than ever to nurture kids' dreams at an early age. The concept of 'big dreamers' should be ingrained in them at an early age so that they should not be deterred by anything.
Consequently, parents must foster a rich environment and introduce them to historical inspirational dreamers like Amelia Earhart, Martin Luther King Jr., and Harriet Tubman. Or if not, they themselves should become role models for their kids. It will definitely help children to carry a free spirit and a youthful passion into adulthood.
Encourage kids to pursue their big dream
Parents should always encourage their children to pursue their dreams - no matter how big they are. Discouraging the child might end up with the kid being afraid of the unknown and letting go of the lively spirit of life.
Take charge of the child's holistic development
Spending more time observing the kids is another key. It will not only reveal your kids' hidden talents and aptitude, but also some important personality traits.
It will not only make millennial parents understand their kids better but also be able to help them guide their children in the right direction.
Use online talent detecting tools
In order to identify the passion, dreams, and creativity of their kids, parents should be able to analyze their kids without being judgmental. It definitely comes as a challenge.
To over such challenge, millennial parents should explore structured aptitude assessments that include expert guidance and can be used to understand the cognitive skills and capabilities of their kids.
Such assessment programs, provided by trusted insurers like Aviva Life Insurance, enable parents to partner with their child's aspirations and give them more robust and evidence based results to measure the traits of their children.
Make it possible with a proper plan in place
For millennial parents to provide all possibilities, it is necessary to form a proper plan. It came to light that only 13 percent of millennial parents place savings for higher studies as one of their top child-related financial priorities.
Since they do not keep enough savings and a vast majority is underinsured, it is imperative that the parents should start planning for financial goals and investing the required amount as early as possible to help their child achieve their dreams later in life.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
