I'm excited to announce that we are moving to a new blog location!
You'll LOVE IT! ;o)
Check it out Here:
http://teachingchildrenaboutmoney.com/blog/
Cheers...Amanda van der Gulik...Excited Life Enthusiast!
www.TeachingChildrenAboutMoney.com
www.CreateYourOwnMindMovie.com
Showing posts with label "kid entrepreneurs". Show all posts
Showing posts with label "kid entrepreneurs". Show all posts
Sunday, November 23, 2008
Tuesday, October 14, 2008
What if you only had 30 seconds left?
Here are the three things I would tell my children if I only
had 30 seconds left to say anything to them to help them
with their future.
(As a matter of fact I say these things to them every night
when I kiss them goodnight.)
1. I love you sweetheart with all my heart.
2. You are my favourite, girl/boy in the whole world.
(I have one of each, very convienent! ;o)
3. You can do anything you want. If you think you can do it,
you are right. If you think you can't you are right!
What three things would YOU say to YOUR own children or loved
ones if you only had 30 seconds left?
Post them below, share them with us all.
Here's to your Massive Success!
Cheers...Amanda van der Gulik...Excited Life Enthusiast!
www.TeachingChildrenAboutMoney.com
www.CreateYourOwnMindMovie.com
www.FunCakeDecoratingIdeas.com
P.S. Time is running out...
30, 29, 28, 27, 26...
Don't waste it!
had 30 seconds left to say anything to them to help them
with their future.
(As a matter of fact I say these things to them every night
when I kiss them goodnight.)
1. I love you sweetheart with all my heart.
2. You are my favourite, girl/boy in the whole world.
(I have one of each, very convienent! ;o)
3. You can do anything you want. If you think you can do it,
you are right. If you think you can't you are right!
What three things would YOU say to YOUR own children or loved
ones if you only had 30 seconds left?
Post them below, share them with us all.
Here's to your Massive Success!
Cheers...Amanda van der Gulik...Excited Life Enthusiast!
www.TeachingChildrenAboutMoney.com
www.CreateYourOwnMindMovie.com
www.FunCakeDecoratingIdeas.com
P.S. Time is running out...
30, 29, 28, 27, 26...
Don't waste it!
Wednesday, August 13, 2008
End Of An Experiment
"I was chuckling yesterday - it's so nice when your kids come to a conclusion all on their own, a conclusion you have been waiting for them to reach.
"The backstory to this one is this. A couple of years ago, my daughters started a business breeding pet rats. They borrowed the start-up capital from us, and paid interest out of their pocket money. After a while, two of them wanted to pay down the principal out of their pocket money, too, to get rid of the debt earlier. (We decided not to intervene with a good-debt-bad-debt conversation at that point!)
"One of the twins didn't want to pay extra, and there were words exchanged.In the end, we reached a compromise - the one who didn't want to pay extra would become an employee. She would be paid each time she helped with the cage-cleaning, but she would not be entitled to a share of any profits which came down the track.
"This smoothed things over, and some time later the debt was all paid and the profits were being distributed between the other two. We discussed the difference between being paid for what you do at the time you do it, vs taking a risk and possibly getting a bigger payday later.
"They wound the rat business up after a couple of years, and a couple of months later, the oldest was finally old enough to apply for a job a McDonalds. The younger two, about the same time, started internet businesses. I talked to the oldest about having an internet business, too, but she was so dazzled by the enormous size of her first fortnight's pay from McDonalds that she wasn't interested.
"She said she wanted to repeat the employee-vs-business experiment they had done with the rat business, with her as the employee this time. She was very confident that she could make more as an employee than the others would online.
"Over the past few months, she has started to notice the problems with being an employee. She was sick, and had to reduce her hours. She was rostered to work while her friends were out at parties. She learned how everything worked within a few weeks, and boredom set in.
"The final clincher was when she started rethinking her career choices. The years of study to become an anaesthetist started to look like a bit of a drag.
'But,' she said, 'if I'm not going to be an anaesthetist, what will I be?'
"I pointed out that there's not a huge hurry to decide (she's only fourteen after all), and then I dropped in a mention that if she had a bit of money coming in from an internet business, she wouldn't have to make a final decision about her career for quite a few more years.
"She thought about it. Then she said 'If I was making enough money from the internet business, I wouldn't ever need a job, would I?'
'Not unless you wanted to do something that you have to do as an employee,' I said, 'like being an astronaut.'
"Wheels turned almost audibly.
'I want a website,' she said.
"And so endeth the experiment!
"Don't get me wrong - I'm not opposed to people having jobs. There have been times in my career that I have been, at least on paper, on someone's payroll.
"I am opposed to people being raised with an employee mindset. I am proud of my McDonalds employee daughter, not just for having the gumption to apply the very first day their website would let her in to do so, but also for going out and getting a trade certificate as a barista before she applied, to make herself more appealing as an applicant, and for almost immediately becoming one of their fastest front-counter operators.
"The way she explains it, she sets herself challenges to see how fast she can get the orders together, because it makes the work more interesting and rewarding. She never just shows up in 'time serving mode' with the sole aim of surviving her hours and collecting her pay. Even at a job as apparently menial as working at Maccas, she is thinking all the time about how to add value, for herself and for her employer.
"If everybody approached their work with that kind of attitude, what a wonderful world it would be!"
By Jenny Ford
Cash Smart Kids.com
To find ways for your own children to start their own internet businesses visit Teaching Children About Money.com
"The backstory to this one is this. A couple of years ago, my daughters started a business breeding pet rats. They borrowed the start-up capital from us, and paid interest out of their pocket money. After a while, two of them wanted to pay down the principal out of their pocket money, too, to get rid of the debt earlier. (We decided not to intervene with a good-debt-bad-debt conversation at that point!)
"One of the twins didn't want to pay extra, and there were words exchanged.In the end, we reached a compromise - the one who didn't want to pay extra would become an employee. She would be paid each time she helped with the cage-cleaning, but she would not be entitled to a share of any profits which came down the track.
"This smoothed things over, and some time later the debt was all paid and the profits were being distributed between the other two. We discussed the difference between being paid for what you do at the time you do it, vs taking a risk and possibly getting a bigger payday later.
"They wound the rat business up after a couple of years, and a couple of months later, the oldest was finally old enough to apply for a job a McDonalds. The younger two, about the same time, started internet businesses. I talked to the oldest about having an internet business, too, but she was so dazzled by the enormous size of her first fortnight's pay from McDonalds that she wasn't interested.
"She said she wanted to repeat the employee-vs-business experiment they had done with the rat business, with her as the employee this time. She was very confident that she could make more as an employee than the others would online.
"Over the past few months, she has started to notice the problems with being an employee. She was sick, and had to reduce her hours. She was rostered to work while her friends were out at parties. She learned how everything worked within a few weeks, and boredom set in.
"The final clincher was when she started rethinking her career choices. The years of study to become an anaesthetist started to look like a bit of a drag.
'But,' she said, 'if I'm not going to be an anaesthetist, what will I be?'
"I pointed out that there's not a huge hurry to decide (she's only fourteen after all), and then I dropped in a mention that if she had a bit of money coming in from an internet business, she wouldn't have to make a final decision about her career for quite a few more years.
"She thought about it. Then she said 'If I was making enough money from the internet business, I wouldn't ever need a job, would I?'
'Not unless you wanted to do something that you have to do as an employee,' I said, 'like being an astronaut.'
"Wheels turned almost audibly.
'I want a website,' she said.
"And so endeth the experiment!
"Don't get me wrong - I'm not opposed to people having jobs. There have been times in my career that I have been, at least on paper, on someone's payroll.
"I am opposed to people being raised with an employee mindset. I am proud of my McDonalds employee daughter, not just for having the gumption to apply the very first day their website would let her in to do so, but also for going out and getting a trade certificate as a barista before she applied, to make herself more appealing as an applicant, and for almost immediately becoming one of their fastest front-counter operators.
"The way she explains it, she sets herself challenges to see how fast she can get the orders together, because it makes the work more interesting and rewarding. She never just shows up in 'time serving mode' with the sole aim of surviving her hours and collecting her pay. Even at a job as apparently menial as working at Maccas, she is thinking all the time about how to add value, for herself and for her employer.
"If everybody approached their work with that kind of attitude, what a wonderful world it would be!"
By Jenny Ford
Cash Smart Kids.com
To find ways for your own children to start their own internet businesses visit Teaching Children About Money.com
Wednesday, June 18, 2008
"Money Doesn't Grow on Trees!"
Does this saying sound familiar to you?
I bet you are probably one of many who heard this often growing up, right?
If not, you were lucky.
Let's turn a new leaf and start raising our own children a little differently.
How about we change the way we answer our kids when they want something that requires money that we do not have or refuse to give.
For example:
Jonny wants a new pair of brand-name, high-endurance, running shoes.
"Dad, I really need a new pair of 'brand-name', running shoes. They are the coolest and all the kids have them. I want a pair too! If I don't get a pair of them, then Shawn's going to beat me at basket ball and you know, I'm 10 times better than him at basket ball!"
Here are two different replies:
Dad replies with, "What do you think I'm made of? Money doesn't grow on trees you know!"
or
Dad replies with, "Well son, if those shoes mean that much to you and you truly feel that Shawn will have an unfair advantage over you in basket ball, then what is your plan? How do you plan to buy those shoes? Can you think of something that you can do, or make, or service, that can raise you the money so you can buy your own pair? If you really want those shoes, son, then you're going to have to come up with a good way to buy them. I believe you can do it. Come back to me when you have a plan and we'll see if we can work it out together. Good luck kiddo."
In Dad's first reply, dad shuts Jonny's hopes down but ALSO teaches him, although unintentionally, that life is all about 'scarcity'. Jonny learns from these negative replies that money is hard to come by. That it is difficult to get what you want in life. That other people will always have more than you. And the list goes on and on...
On the other hand in Dad's second reply, you can see that Dad is turning on the creative juices in his son's mind, "okay, so I want these new shoes, how can I go about making the money to get them myself?".
And as well as getting Jonny's creative juices flowing on some easy ways for kids to make money, Dad is also teaching some other incredibly valuable life lessons. Like: Abundance, Optimism, Faith in his son to find a way to fullfil his desire.
He is teaching him to be responsible for himself as well as encouraging him to come up with a plan and then to work together on making that plan come to action. This alone will diminish any thoughts of theft as an option.
So how are you talking to your own kids when it comes to money?
See if you can pay attention to the next time your child asks you about money. Listen to your own reply and then meditate on it for a minute or two.
How did that answer come across to your child?
Was your child turned off of money, or encouraged to take responsibility to come up with a creative way to attract their desired goods.
I hope you have enjoyed this thoughtful session, and I look forward to writing the next. If you have any specific topics that you would like me to talk about please just leave a message and I will do my best to answer your topics of interest where concerned with kids and money.
Cheers...Amanda van der Gulik...Excited Life Enthusiast!
=======================================
For 50 Free Money Making Ideas for Kids click here!
www.TeachingChildrenAboutMoney.com
=======================================
I bet you are probably one of many who heard this often growing up, right?
If not, you were lucky.
Let's turn a new leaf and start raising our own children a little differently.
How about we change the way we answer our kids when they want something that requires money that we do not have or refuse to give.
For example:
Jonny wants a new pair of brand-name, high-endurance, running shoes.
"Dad, I really need a new pair of 'brand-name', running shoes. They are the coolest and all the kids have them. I want a pair too! If I don't get a pair of them, then Shawn's going to beat me at basket ball and you know, I'm 10 times better than him at basket ball!"
Here are two different replies:
Dad replies with, "What do you think I'm made of? Money doesn't grow on trees you know!"
or
Dad replies with, "Well son, if those shoes mean that much to you and you truly feel that Shawn will have an unfair advantage over you in basket ball, then what is your plan? How do you plan to buy those shoes? Can you think of something that you can do, or make, or service, that can raise you the money so you can buy your own pair? If you really want those shoes, son, then you're going to have to come up with a good way to buy them. I believe you can do it. Come back to me when you have a plan and we'll see if we can work it out together. Good luck kiddo."
In Dad's first reply, dad shuts Jonny's hopes down but ALSO teaches him, although unintentionally, that life is all about 'scarcity'. Jonny learns from these negative replies that money is hard to come by. That it is difficult to get what you want in life. That other people will always have more than you. And the list goes on and on...
On the other hand in Dad's second reply, you can see that Dad is turning on the creative juices in his son's mind, "okay, so I want these new shoes, how can I go about making the money to get them myself?".
And as well as getting Jonny's creative juices flowing on some easy ways for kids to make money, Dad is also teaching some other incredibly valuable life lessons. Like: Abundance, Optimism, Faith in his son to find a way to fullfil his desire.
He is teaching him to be responsible for himself as well as encouraging him to come up with a plan and then to work together on making that plan come to action. This alone will diminish any thoughts of theft as an option.
So how are you talking to your own kids when it comes to money?
See if you can pay attention to the next time your child asks you about money. Listen to your own reply and then meditate on it for a minute or two.
How did that answer come across to your child?
Was your child turned off of money, or encouraged to take responsibility to come up with a creative way to attract their desired goods.
I hope you have enjoyed this thoughtful session, and I look forward to writing the next. If you have any specific topics that you would like me to talk about please just leave a message and I will do my best to answer your topics of interest where concerned with kids and money.
Cheers...Amanda van der Gulik...Excited Life Enthusiast!
=======================================
For 50 Free Money Making Ideas for Kids click here!
www.TeachingChildrenAboutMoney.com
=======================================
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