Money For Kids

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By Inspirepub


Teach early, teach often - money management will be as natural for your kids as tying their shoelaces if they are involved from an early age.
Teach early, teach often - money management will be as natural for your kids as tying their shoelaces if they are involved from an early age.
Parents are the key to teaching the next generation to be financially free. We need to educate ourselves, and pass on the knowledge, otherwise our kids will be doomed to repeat the mistakes of earlier generations. Photo: Manly Daily
Parents are the key to teaching the next generation to be financially free. We need to educate ourselves, and pass on the knowledge, otherwise our kids will be doomed to repeat the mistakes of earlier generations. Photo: Manly Daily

Why Is It So Hard?

We learn so many things as we grow up. We learn how to walk, talk, and get away with not doing our homework. We learn how to play complicated games, many of them involving pretend money.

So, why is it so hard for us to learn how to manage money?

Why do so many people struggle to make ends meet, even on reasonably high incomes?

Why do so few people manage to provide sufficiently for themselves in retirement?

It's not rocket science. We know what it takes. And there are some people doing it. So why isn't basic money management as widely understood as basic geometry?

Imagine what life would be like if making money came as easily and naturally as riding a bike or tying your shoelaces. Imagine graduating high school with a permanent, secure, passive income already in place. You wake each the morning to find more money has appeared in your account overnight! If you want to travel, you do. If you want to paint, write, or do any other creative activity, you do. You choose your occupation based on what you love to do, not the burden of having to pay the bills. You have all the time you need to socialise with your family and friends, to stay in shape, and to practice your spirituality.

This world is not a pipe-dream. It's not unrealistic. The world is alive with opportunity, more so now than ever before, and the opportunity is expanding exponentially. With the right knowledge and attitudes, today's kids can capture their share of that opportunity, and set themselves up for life.

So, why isn't everyone doing it?

Because not everyone's parents have the right knowledge and attitudes to pass along to their kids.

Some of those who have the knowledge and attitudes are still setting themselves up in life, working long hours, and find it difficult to break the knowledge down into terms their kids can understand.

What can we do about it? As parents, we need to be conscious that financial education ranks up there with education about nutrition, health, and communication. We must educate ourselves, so that we can educate our children.

There are many places to go on the web to get that vital financial education. The Cash Smart Kids program provides lessons for the kids, plus additional reference material for their parents. The Rich Dad website is rich in content, and contains information about the Cashflow series of educational board games. There are numerous e-Books, ezine articles, and offline financial publications with an online presence. And, of course, there are dozens of relevant books in your local book store.


Money Ideas To Teach Your Kids

The only money that you really earn is the money that stays in your bank account at the end of each week or month.

Don't spend your life working for money - put money to work for you.

Build your business, and let your business build your lifestyle.

Being self-employed can be like having a job, or like having a business, depending on how you do it.

Having a job is a temporary situation - you need to be thinking about what you will do when you no longer have a job.

Kids Making Money In The News

  • Young Entrepreneur Spreads Cheer, With Oprah's Blessing

    At age 9, Cameron Johnson started his first business, making greeting cards and party invitations on the Compaq computer he got for Christmas. Three years later, the Virginia native was making $50,000 a year selling Beanie Babies online from his parents' garage. - 3 months ago

  • Student entrepreneur wins $40,000 national scholarship

    Manitowoc Lutheran High School senior Jake Lindemann will be attending the University of Wisconsin-Milwaukee next year at the expense of the McKelvey Foundation. - 3 months ago

  • Lemonade Brigade wants to help raise money for local charities

    The Lemonade Brigade is the brainchild of Mary Brent, 12, and Beverly Brown, 9, two sisters who have devised a way to help charities using lemonade this summer. - 3 months ago

  • Young Entrepreneurs Could Win $10,000

    The Global Student Entrepreneur Awards will provide ambitious and creative Australian students a chance to test their business savvy. - 3 months ago

  • Students, teacher earn national entrepreneur awards

    DaMarra Underwood, 15, of Sheraden, a student at Pittsburgh High School for the Creative and Performing Arts, and Ben Bergel, 17, of White Oak, a senior at McKeesport Area High School, have been selected as recipients of the 2008 Global Young Entrepreneur of the Year award, spons … - 3 months ago

Teaching Kids About Money And Business

  • Young Entrepreneur Program Starting At Santa Clarita

    Young people who aspire to one day start their own business, or see an existing enterprise grow, are being encouraged to take part in the Young Entrepreneurs Program being offered this summer at the Small Business Development Center (SBDC) hosted by College of the Canyons. The Young Entrepreneur Program (YEP) is a free, four-week-long course designed [...] - 3 days ago

  • Why Should We Teach Our Kids About Money?

    I read a great blog post yesterday from Dave Ramsay, which started: Some people say, “Timmy’s so young. I want him to enjoy being happy and innocent.  Money is a worry for grown-ups, not kids.” I say, “We’re raising a whole generation with ’sucker’ stamped on their foreheads because we’re not teaching [...] - 5 days ago

  • Cash-Smart Kids YouTube Competition Update - July 14th

    I had an email last week from Steve Gillman, from unusualwaystomakemoney.com - he has had a link from his site to the Cash-Smart Kids site for a few months now. He’s going to be letting his subscribers know about the competition, so I am looking forward to hearing about some unusual businesses! If you’re stuck for [...] - 7 days ago

  • Goal-Setting For Kids

    very now and again, we get some feedback from our subscribers, and having been raised on the old adage “Don’t Get A Big Head”, I am usually reluctant to share it. However, this man has such passion for his mission, I just had to publish his comments. If you’re in the UK, you might have his [...] - 10 days ago

  • L.M. Montgomery teaches us about the Law of Attraction!

    PR: wait… I: wait… L: wait… LD: wait… I: wait… wait… C: wait… SD: wait… Today we welcome back Amanda Van Der Gulik, writing from the scenic Prince Edward Island, home of Anne of Green Gables. Dear Parents, I am presently in Prince Edward Island on a wonderful two week vacation with my 6 and 4 year old [...] - 2 weeks ago

  • Cash-Smart Kids YouTube Competition Update - July 7th

    A short post this week, because I have been sick and haven’t caught up on the competition updates from around the world. Still waiting on news from the publishers, and still waiting on a large number of promised entries - come on, it’s summer holidays in the US now - no more excuses! Much more next week, [...] - 2 weeks ago

  • Kids Learn Business This Summer

    From last week’s MyCentralJersey.com comes news of another great initiative. Middle school and high school students will create their own businesses – working alongside successful New Jersey business owners — at the Young Entrepreneur’s Academy, an eight-week, Summer Saturday series, July 11-August 23 at the Academic Resource Center, which serves middle and high school students in [...] - 2 weeks ago

  • Does Your Great Grandma Have Her Hand In Your Wallet?

    I was just reading an article today, and I thought I’d share it with you all, because it really makes an excellent point. The writer moved into a new house, and found a “buried treasure”. I’ll let you read the details for yourself, but the point of the article is wondering what sort of mindset you [...] - 3 weeks ago

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avonte  says:
4 months ago

i need a job am 11 yer old i relly need a job bad

Inspirepub profile image

Inspirepub  says:
4 months ago

Avonte, there are lots of things you can do to make money - just start asking around. Depending on where you live there will be snow to shovel, lawns to mow, dogs to wash, or errands to run. Ask people to help you find something, and you will have work in no time.

Just make sure your parents know what you are doing, and check that it's safe.

Angela  says:
4 months ago

i love animals and am saving for money for my local animal shelter... i have only a bunch of coins so i waas about to change it into dallors.. first i counted it all.. i only had about 25 dallors! i really need a way to earn money for somthing i love!

Inspirepub profile image

Inspirepub  says:
4 months ago

Well, start talking to people about it, Angela, and asking for ideas - there is always a way!

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