I remember being a kid I was fascinated with money. In fact in my room I lined up my comic books, and video games like a blockbuster video store and was sure I was gonna make some money. I didn’t quite understand money infarct one time I went into my dad’s room and ripped checks out of his check books thinking I could buy stuff with it. Then stored them in a case under my bed until I was found out. It’s important to teach your kids money at an early age because like it or not they will have to deal with money sometime, it best that they get good at it. So what are some simple ideas to teach kids the value of work, entrepreneurship and money.
1. Lemonade/Cool Aid Stand – This was a favorite of mine, you simply make up some Cool-aid and setup a table in the yard and sell cool-aid by the glass. This is a great way with how cheap cool-aid and sugar are. You need to watch it and not get too ambitious more and more stories pop up of cops ticketing kids doing cool-aid stands without a license. This typically only happens around big events
2. Mow Lawns — Try going door to door up and down your street and either put printed out flyers on the door of knock on the door and talk to the people. Offer to cut the their grass for $20, they take care of gas and mower, or if your parents let you use your mower do for $30 your mower. If you find my house I’ll be your first customer
3. Shovel driveways — When it starts to snow the last thing most adults what to do is shovel the driveway, unlike kids we ache a lot more, and have to bend over to shovel. Shoveling a driveway for $20 is another great idea. Eventually you can invest in a snow blower and do more faster.
4. Paper route — There is a strong correlation to kids who had a paper route and those who were successful, warren buffet use to have a paper route for instance. This is a great learning platform since you have to wake up early deliver the papers, collect the money and such. So while other kids are getting a couple more hours of sleep your hustling.
5. Umpire local baseball games – This was something I did when I was a kid. I umpire the local youth boosters league. The pay was $10-15 a game. Best of all to me it didn’t seem like work since I loved baseball.
6. Babysitting — at a later age babysitting is another classic job for teenagers.
7. Pet Walking – put flyers on people’s door with your picture on it, letting them know how old you are and that you will walk their pet for $10.
The most important thing is to be creative. That’s the most important thing for an entrepreneur. Think of things you can either do or do better then adults. Think of things people need done and would rather not apply their time to. For me my time is worth more then $20 an hour so I would gladly pay a kid to maintain my yard rather then do it myself. Creativity is the most important skill you can work on in life find workers to do something is easy, finding the next great idea is not.