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Reward based parenting .

Today I encounter a parent , highly living towards his kid , ready to give all the things which he can purchase by money . Father has good business , so loving . He told to his boy , enjoy the life ....do whatever you want . Studies are at the 3rd - 4th priorities for him . 
What do you think , is this a good kind of parenting ? ...
In my views , this over possessive nature of parenting will make his kid handicapped for his entire life in terms of development . 
A parent should listen Their child , simultaneously child should be encouraged for earning the luxuries. 
A child can be prompted for hard work by offering any suitable reward , may be in terms of A trip , a gift etc. 
I recommend to give them lots of love , your time but , not excess of money .
Support them but never make them handicap for life.

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