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 easy ways for kids to make money. Show all posts
Showing posts with label easy ways for kids to make money. Show all posts
Sunday, November 23, 2008
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
Friday, June 13, 2008
The Insider's Secret's to Raising a Future Millionaire
Hello Parents of Future Millionaires!
I am so excited!
My ebook, "The Insider's Secrets to Raising a Future Millionaire" has been a huge hit!
It is so heartening to know that the information, tools and resources that I have put together in my book have been able to touch the lives of so many families who really want to teach their kids all about money.
Here's what one mother wrote me:
"Hi Amanda,
I just wanted to congratulate you on a fantastic book!
I grew up in a household with a ´poverty mentality´ always struggling to make ends meet.
Since having my own children I have always want to teach them that nothing is impossible but time seems to fly by and I always think I am not doing enough to give them a financial education (too busy trying to make money to give them the best schooling I can afford!)
Your book has really given the push I needed to make this a priority. They are already 6 and
8 and I know you are right - the time to start is now.
If I say we don´t have the money for something they tell me to just go to the bank and get it - like it just appears magically.
I desperately want them to be financially secure so that they concentrate on enjoying life and there are loads of great resources in the book to help me teach them.
This is a must-have for all parents." Yolanda Solo, USA
Thank-you Yolanda, I am so pleased that I was able to give you what you needed to really get your financial education for your kids going. I'm sure that with persistence and by being a positive role-model for your children you will be able to succeed at raising your own kid entrepreneurs and future millionaires!
I'm so pleased that I was able to offer my loyal members my Last Chance Offer to get my ebook at the Pre-Launch reduced price. The ebook is now fully available and functional.
For all of you who have already purchased my ebook, a REAL BIG THANK-YOU! I really do appreciate your business and I truly look forward to working together to help your with all your educational needs and support while you are teaching your children about money.
Cheers....Amanda van der Gulik.....Excited Life Enthusiast!
I am so excited!
My ebook, "The Insider's Secrets to Raising a Future Millionaire" has been a huge hit!
It is so heartening to know that the information, tools and resources that I have put together in my book have been able to touch the lives of so many families who really want to teach their kids all about money.
Here's what one mother wrote me:
"Hi Amanda,
I just wanted to congratulate you on a fantastic book!
I grew up in a household with a ´poverty mentality´ always struggling to make ends meet.
Since having my own children I have always want to teach them that nothing is impossible but time seems to fly by and I always think I am not doing enough to give them a financial education (too busy trying to make money to give them the best schooling I can afford!)
Your book has really given the push I needed to make this a priority. They are already 6 and
8 and I know you are right - the time to start is now.
If I say we don´t have the money for something they tell me to just go to the bank and get it - like it just appears magically.
I desperately want them to be financially secure so that they concentrate on enjoying life and there are loads of great resources in the book to help me teach them.
This is a must-have for all parents." Yolanda Solo, USA
Thank-you Yolanda, I am so pleased that I was able to give you what you needed to really get your financial education for your kids going. I'm sure that with persistence and by being a positive role-model for your children you will be able to succeed at raising your own kid entrepreneurs and future millionaires!
I'm so pleased that I was able to offer my loyal members my Last Chance Offer to get my ebook at the Pre-Launch reduced price. The ebook is now fully available and functional.
For all of you who have already purchased my ebook, a REAL BIG THANK-YOU! I really do appreciate your business and I truly look forward to working together to help your with all your educational needs and support while you are teaching your children about money.
Cheers....Amanda van der Gulik.....Excited Life Enthusiast!
Friday, May 23, 2008
Cash-Smart Kids - Teaching Kids About Money and Business
Hello Parents,
I've just come across an amazing site. These parents have three young girls and all three of them started their own businesses in elementary school!!! Not bad, eh?
Here's a small exerpt from their site, click the link to read the full story.
Cash-Smart Kids - Teaching Kids About Money and Business: "more and more parents are realising the importance of providing their kids with something better than the standard basic school education about money and business.
In today’s economy, we need to raise our kids to be self-reliant. Getting a good job in this day and age is no longer the passport to financial security it once was. Employees, even highly skilled ones, face an uncertain future, hoping and praying that the environment is kind to their employer, their geographical area, and their industry."
Cheers....Amanda van der Gulik....Excited Life Enthusiast!
=========================================
FREE ebook, "50 Money Making Ideas for Kids"
http://www.teachingchildrenaboutmoney.com/
=========================================
I've just come across an amazing site. These parents have three young girls and all three of them started their own businesses in elementary school!!! Not bad, eh?
Here's a small exerpt from their site, click the link to read the full story.
Cash-Smart Kids - Teaching Kids About Money and Business: "more and more parents are realising the importance of providing their kids with something better than the standard basic school education about money and business.
In today’s economy, we need to raise our kids to be self-reliant. Getting a good job in this day and age is no longer the passport to financial security it once was. Employees, even highly skilled ones, face an uncertain future, hoping and praying that the environment is kind to their employer, their geographical area, and their industry."
Cheers....Amanda van der Gulik....Excited Life Enthusiast!
=========================================
FREE ebook, "50 Money Making Ideas for Kids"
http://www.teachingchildrenaboutmoney.com/
=========================================
Thursday, May 1, 2008
Kids Business Ideas - Highly Recommended eBook
Hello Parents,
I have just come across an amazing resource guide with 83 Ways for Your Child to Start Earning Money Right Away! Similar to my own "50 Money Making Ideas for Kids" ebook, this "Kids Business Ideas - Money Making Inspiration For Kids And The Parents Who Love Them" ebook is a must read for kids who would like to find some ideas for ways that they can earn money during the summer and beyond.
Hope you enjoy it and if you have any feedback on the ebook please do let me know so I can publish your thoughts on the book and let us know how the ideas helped your child.
Cheer....Amanda van der Gulik....Excited Life Enthusiast!
Sunday, March 30, 2008
So What About Allowances?
Hello Friends,
I have been asked again and again about allowances.
The questions are numerous but the main ones are:
"Should I give my child an allowance?"
"How much should I give my child as an allowance?"
"When should I start giving my child an allowance?"
"Will an allowance ruin my child's entrepreneurial spirit?"
I understand your questions.
Allowances are a very touchy subject and really come down to each individual's personal strategies for financial education for their child.
Teaching children about money can be very difficult and confusing for the parent as well.
Most of us were raised with the value that "money is evil", or "you don't need to have money to be happy." But have you had a good look around you lately? Can you find me a family who are in a lot of bad debt that are not stressing about their finances?
Maybe money doesn't make you happy but not having money will make you a lot more unhappy, I can tell you that for sure.
Just imagine, you have a recurring income of more than $10,000/month. How would that feel?
Would you feel stressfree because you are now able to pay off all of your expenses and thereby not create any bad debt?
How will you feel when you have money left over at the end of every month instead of living paycheck to paycheck?
What if you were financially able to give away 10% of your income, every month, without even noticing the fiancial impact? What would you give it to? Who would you like to help? How would it feel to be able to help others in need with the extra money that you are earning without even feeling the financial impact? It would be pretty awesome right?
So how does this tie into the topic of allowances?
Here are some of my own suggestions on the topic to get your financial juices flowing.
1. Maybe when we give our child an allowance it might start to create the feeling of entitlement in our child?
2. What if by giving our child an allowance we were actually hindering their financially creative minds? Would they be so used to just getting money that they wouldn't even bother to come up with creative new ways to earn their own money?
3. And what about pride of ownership that comes when we are finally able to acquire our dreams by our own means instead of just as a gift from someone else?
These are just a few of my thoughts on this matter. I'd love to hear from you some of your ideas, suggestions or questions on the subject of whether or not we should be giving our children an allowance or not.
Maybe you have some ideas on easy ways for kids to make money so they won't need an allowance? I'd love to see your suggestions on my blog.
Cheers.....Amanda.....Excited Life Enthusiast!
http://www.teachingchildrenaboutmoney.com/
These are just a few of my thoughts on this matter. I'd love to hear from you some of your ideas, suggestions or questions on the subject of whether or not we should be giving our children an allowance or not.
Maybe you have some ideas on easy ways for kids to make money so they won't need an allowance? I'd love to see your suggestions on my blog.
Cheers.....Amanda.....Excited Life Enthusiast!
http://www.teachingchildrenaboutmoney.com/
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