My parents were right in raising me.

This is a perennial question for parents. Should we push our children into specific activities or educational pursuits, or let them follow their own passions entirely?

Apple co-founder Steve Wozniak, 73, says his parents took the latter approach, and he's happier and more successful because of it. He used the same strategy when raising his own children, he added.

“My parents allowed me to follow my heart,” he told the University of Colorado Boulder graduating class last week. “When you really want something, when you love something and it's your passion, your parents should support you in going in your direction. 'No, study this, go to this school. I'm not saying, 'You should go.'

The California native enrolled at the University of Colorado Boulder in 1968, majoring in computer science. His parents had saved up enough money to cover just one year of out-of-state tuition, but still encouraged him to attend the school of his choice and pursue his love of technology. he said. He said he never expected the field to be so lucrative. .

Mr. Wozniak was expelled in 1969 for hacking into the university's computer system and sending prank messages. He first re-enrolled at De Anza College and then enrolled at the University of California, Berkeley, dropping out of Berkeley in 1971 after being introduced to Steve Jobs by a mutual friend of his.

Five years later, Jobs and Wozniak co-founded Apple. When Apple went public in 1980, both men became billionaires. Currently, Apple's market capitalization is $ 2.8 trillion, the second largest company in the world.

Now, Wozniak is providing the same kind of support to his children that his parents gave him, he said.

“I've treated my children the same way,” he said. “My parents didn't impose their values ​​on me. They let me make my own choices, and I made sure to do that for my children.”

Margot McCall Bisnow, a parenting expert who interviewed 70 parents of highly successful adults for her 2022 book, How to Raise Entrepreneurs: How to Help Your Children Achieve Their Dreams. According to him, this tactic is effective.

Bisnow said last year on CNBC's “Make It” that when we don't encourage our children's passions, especially when they worry about not making enough money as adults, we show them that we don't trust them. He said yes. High levels of trust and support help children build the confidence they need to excel in whatever they ultimately do, she added.

Want to make extra money outside of your day job? Sign up for CNBC's new online course, “How to Make Passive Income Online,” to learn about common passive income sources, tips to get started, and real-world Learn about success stories. CNBC Make It readers can use special discount code CNBC40 to get 40% off until August 15, 2024.

Plus, sign up for the CNBC Make It newsletter for tips and tricks to succeed at work, money, and life.

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