Helping Your Kids Make Money In 2008
If you're new here, you may want to subscribe to our RSS feed or subscribe via e-mail. Thanks for visiting!
We want to help our kids make money for many reasons. When kids make money of their own, they grow in confidence, and usually they gain new skills. They take more care of the money they make themselves, and they learn better money management habits.
Today is New Year’s Eve, a time when we reflect on the past year’s accomplishments and disappointments, and make pledges to ourselves about the year to come.
When I think about my kids and their efforts this year, I’m very proud of them all. They have all started new ventures this year - in fact, one has started two, because the first online business model she tried didn’t really suit her personality.
As parents, we have done well in modelling the right behaviors, starting a new business of our own, buying a new investment property, as well as putting considerable time and money into supporting sick relatives.
My regrets for 2007 really come down to two things - I wish I had spent more time helping the girls with their start-ups, because start-up is the time when everyone needs support, even if it’s something they have done before, and with one particular relative I got so focused on bringing in more money to support her financially that I didn’t spend as much time as I would have liked just being with her.
So, in both cases, it comes back to time. It’s not like I “lost” some time - I spent all of my 24 hours each day. But I wasn’t happy with the way I prioritised my time.
My New Year’s Resolution is to be more efficient in the tasks I do that don’t involve being with other people, so that I have more time to spend with the people I love, and particularly helping my kids in their efforts to make money.
I haven’t made a comprehensive list of the things I will change, but I have already decided on one thing I can do - I am going to unsubscribe from at least half the people who send me 2-3 emails a week marketing stuff to me.
Some people send me good, useful information at least half the time, and I’ll probably stick with most of those. But a lot of them just send me email after email saying “watch this video”, “download this audio”, or “check out this link”, and nine times out of ten it’s a sales pitch.
I reckon I’ll save myself half an hour to an hour a day, right there!
How about you? What changes will you make so you can better help your kids make money in 2008? Kids need our support to get started making money. If you are thinking of helping your kids make money online, we have a free eBook on the Cash-Smart Kids website which will show you how to find the right niche for your kids to make money online.
