What is a life of an entrepreneur really like and how does it affect family and marriage? As a former Microsoft exec and now a founder of a healthcare company, Stefan shares his owns experiences and those of his high-flying friends. The lows are low and the highs are high, but is it worth it?
What about education. Can a good education really help to advance in life? What about travel, does that count as education? What can parents and teachers do to help our kids be smart in their life ahead? All those questions in more, in this thoughtful episode of Rad Dad.
How can parents help kids to get smarter?
We can encourage our kids to ask the question beyond the obvious, ask the next question.
Even something as mundane as a nail polish application video on YouTube can turn out to be a lesson on fluid-dynamics, if you keep trying to figure out why things exist, and how they work.
What is Stefan Weitz the most passionate about?
Stefan is the most passionate, and conflicted about, with helping his daughter to live a happy life. He wants to provide her with scaffolding that allows her to make the decisions that will ultimately make her happiest.
How can a parent set their kids for success in life?
Anyone can be happy and fulfilled in life, if they can make their own choices. To do that, however, one has set themselves up for success early on, by making choices that open doors, and enable optionality. If you make choices that prune your optionality, that inevitably makes it harder to make your own choices down the line.
What does it mean to be fulfilled in life?
Living a life that fills you with joy, while also having a greater meaning, and purpose to it.
What is the single best differentiator which can help kids succeed in life?
Stefan has spent a lot of time trying to understand what set his wealthy and successful friends apart, and so far he has concluded that having access to a very strong network of connections is the key. Those networks can be very strong and fruitful, and powerful, and the choices we make early in life is what helps us to build these networks early on, leading to faster growth at every next time.
Can you achieve success if you don't have a strong network of friends helping you do it?
Of course, but the amount of of either persistence or luck or timing you have to have to achieve high level of impact without a strong network is a lot higher than if you do have those connections.
Can people without connections create a massive impact on the world?
From Stefan's observations, friends who did not have a strong network to rely on have been able to create a large impact on the world, but it took risks, and a lot of failures. They were scrapy, and took on crazy ideas no one else wanted to do. They put it all on the line.
How do you balance family life and ambitious world-changing businesses?
To survive it without getting divorced, you have to have a partner that is all in with you on a lifestyle that you want to live. You might also need to explain to your kids that sometimes life is going to be fun, and sometimes it won't. Make the best of the time you have together.
How can parents inspire their children to find meaning in life?
So many kids these days are influenced by the YouTube generation, which makes it seem like success and meaning in life is attained through selfies on Instagram.
One way to counteract this is by getting kids connected with groups and organizations that model different behavior. For example, Stefan's daughter attends UN women's rights organization for young people's, where she can be surrounded by and inspired by women who have a greater purpose in life.
Furthermore, parents themselves can model correct behavior. Who you admire, talk about, read about, and interact with, all those things would have a profound influence on what your kids end up doing. Be the change you want to see.
How is adaptive learning changing our school system?
As classroom grow in size, teachers need better tools to keep up with their students' progress. Stefan is on the board of Summit Public Schools, a non profit that is giving teachers the tools to track student performance, and to adjust immediately. This technology gives teachers superpowers.