My Parents Are Rich But Won’t Give Me Money

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Guy wearing black beanie and blue hoodie - My Parents Are Rich But Won’t Give Me Money.

Most people assume that when a family is rich, the children will be spoiled. But not every rich person sees it the same way. For example, suppose you’re someone whose parents are rich but won’t give you the money. You may find it frustrating.

But the truth is that no matter how rich the parents are, they have a very important job to do. They have to raise you to be able to take care of yourself and be financially responsible. 

That may mean that even if they have a bank full of money, they are not going to be very generous with it.

If you happen to be one of the rich kids that prescribe this parenting method, you may be frustrated. So let’s look at why they might do it and ways you could convince them to share their wealth with you.


Why Do They Do it?

In the end, why they do it is something only they know. But there may be some key reasons why they opt not to share their wealth with you. This can range from your immaturity when it comes to handling situations to them trying to teach you lessons. 

That being said, here are some of the main reasons why rich parents might choose not to share their money with you:


  • They are looking to teach you the value of hard work. Not giving you the money and making you make your own may help you develop skills and traits that will make you more successful in the future.


  • Perhaps they don’t think you’re ready to handle having access to that type of money. It may solely be about timing with them. They may intend to share it with you when you are emotionally mature enough to handle it.


  • Maybe they believe they want to enjoy the money they earn. This may sound a little selfish, but if you worked all your life to accrue this money, you might want to enjoy the finer things while you’re here. That may mean your kids are left with little to no money.


Is That Even Legal?

The answer to legality is very simple. It is their money, and therefore they can do with it what they want. So as a child of someone rich, you’re not entitled to have any of that money.

That may sound harsh, but that is the truth. There is no legal recourse for you to try to finagle yourself some money from your parents.


How to Talk About It With Them?

If you’re feeling like they’re being a little stingy with their cash, you can always just sit down and talk to your parents. However, it might be best to go into this with a level head and a clear action plan. 

For those with a more business-minded parental system, you might want to have some facts and figures to back up what you’re asking for.

Like anything, when you’re looking to get something from someone, you want to be as level-headed and concise as possible. Try not to get overly emotional and just talk with your parents. Be honest, and hopefully, they will listen to you.


What If They Still Don’t Want to?

If, in the end, they still don’t want to give you money, there’s nothing you can do about it. After all, it is their money, and you have no legal access or ways to get into their wallets. 

There are, of course, methods you could use to try to get them to see you as being fit to give some money.

Being sincere and open and honest with them is the best thing you can do. Other than that, you could always try to prove to them that you’re responsible enough to handle the money and everything that comes with it.


Should You Trick Them into Giving You the Money?

It may be tempting to try to calm them out of their money. After all, we all want what we want, and if your parents are rich, you may think that you shouldn’t have to struggle to make ends meet. 

When this happens, a lot of the time, you may consider trying to trick them into giving you the money. But, instead of trying to trick them, why not come up with strategies that might convince them to change their mind?

 This could be as simple as negotiating with them some sort of payback system or even taking on a job and showing them that you can be fiscally responsible with the money you earn. 

It may seem counterintuitive if you want them to give you money, but by showing them that you can earn it and be responsible, they may be a little freer with the cash.


Final Thoughts on Your Rich Parents won’t Give You Money

It might suck if your parents are rich and they’re not willing to give you money. However, there are many ways that you can go about trying to convince them that they should be sharing their wealth. 

But in the end, it is their decision, and you have to respect that. Perhaps they are doing it for a reason, and though it may suck at the moment, you will probably thank them down the road.