Have your kids ever come to you and said, “I want to buy a Nintendo Switch?” It may not be a Nintendo Switch, but it could be an Xbox, a new bike, or even a bunch of Roblox Robux. Sometimes an allowance isn’t enough. When kids want expensive things, this is a good time to get them interested in starting a business.
My kids are busy with every after-school activity under the sun. We haven’t jumped into starting a business yet. They are only 8 and 9 so we’ve got some time. This summer they have several day camps, but we have one week where none of the camps worked out. For that week, I’ll likely be doing some homeschooling, which will include some financial literacy and perhaps planning to start a business.
If you are looking to do the same, here are some ideas to get your kid motivated to start a business.
- Warren Buffett’s Secret Millionaire’s Club
I mentioned this before on my teach kids money with television article. It’s worth repeating. I’ve started watching the show recently and it really
You can watch it for free here: Kartoon Channel. While you are watching it you may want to pick either How to Start Your Very First Business (Warren Buffett’s Secret Millionaires Club) or Secret Millionaires Club: Warren Buffett’s 26 Secrets to Success in the Business of Life… or Warren Buffett’s Secret Millionaire’s Club Business in a Box.
- American Girl: A Smart Girl’s Guide to Money
I reviewed American Girl: A Smart Girl’s Guide to Money and found that it was great for kid entrepreneurs. My 9-year-old son was reluctant to read a book about teenage money for girls. Once he got going though, he finished the whole book. Imagine how well it would have worked if he was the intended audience.
Pick up your copy of American Girl: Girl’s Guide to Money here.
- The Simple Startup
This is an online course designed to get kids starting a business. It’s best suited for kids ages 10-18. I’ll have to wait a year for my kids. I haven’t personally tried it out yet, and haven’t had a chance to review it.
There are two learning paths with this one. There’s a self-paced course for $97 and a summer group 6-week course for $197. It looks like the big difference between the two is that the extra $100 gets you six weekly webinars. I know having this kind of weekly appointment is very helpful to get my kids to stick to it.
Learn more at: The Simple Startup
Bonus Idea: A couple of weeks I shared a business idea of making can tab bracelets. I got some feedback that it is a great idea.
Brian MacFarland has reached more than 10 million people on his personal finance journey to financial independence. He’s been featured in the Washington Post, U.S. News and World Report, and Lifehacker.
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