You have to start teaching your kids what it means to own their own business at an early age. While I don't have kids myself, I think the earlier the better. They may not understand all the nuances of what they're learning, but never underestimate them. Sometimes you just have to break it down.
I was having a conversation with one of my nieces (5yr old), and she understands that at times I work from home on my "9-5" JOB, but didn't understand the concept of working for myself. She was able to breakdown working for others, but working for yourself didn't make any sense. Here's a recap of our conversation.
Niece: Why are you working for your job now, I thought you didn't work this late?
Me: I'm not working for my job right now, I'm working for myself. Niece: How do you work for yourself? I thought you worked for other people. Me: Well, I do both. During the day I work for a company, but I also work for myself. When you see me on this website (www.sharerepurchase.com) this means I'm working for myself. Niece: But my mom, and Auntie, and Grandma all work for other people. How do you work for yourself? Me: Think about this. When your Mom, Auntie, Grandma and I go to work, we are working for someone else right? Niece: Yes, they work for the Boss. Me: Right. So at our jobs, there's one person who owns the whole company that we all work for. They're called the owner. Does that make sense? Niece: Yeah, so the owner is like the Big Boss. Me: Right. So the owner doesn't have a "job", he owns the company. He works for himself. Niece: Oh, so you're the Big Boss on your website? Me: Exactly. Niece: I wanna be a Big Boss too, then I get to tell everyone what to do. Me: (laughs) ok, well go read your books and stop relying on sight words to read. That's what Big Bosses do. Niece: ok (runs to find books)
When do you think is the right time to discuss finances with your children? Entrepreneurship? Leave your thoughts below in the comments!!! Subscribe to the Blog!!!!
Like our Blog? Feel free to donate below to support the blog!Subscribe to our Newsletter Below to view our Monthly Stock Picks! |
Akeem The DreamI enjoy discussing and learning about technology, stocks, sports, and beating my wife at Dominoes! As I learn, I love to share with family and friends so that we can share our knowledge. Thanks for being apart of the journey! Archives
April 2018
Categories
All
|