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If you seriously want to raise young entrepreneurs, then you need to realize that being a young entrepreneur who is smart with money, really means teaching your child how to make their money work hard for them!
And to do this by helping your child find ways, using your child’s natural talents and passions, to create passive recurring income.
But how do you do that?
The bad news is …
It will take a bit of time and effort.
The good news is …
It’s actually a lot easier to do than you might think!
The concept really boils down to creating something one time that will earn money over and over again. That’s what successful entrepreneurs do! Like authors, singers, actors do.
They make their books, songs, movies, one time and then earn royalties on those for years to come.
Real estate entrepreneurs do that. They buy a house one time, then rent it out and earn rental income every single month for years to come.
But how can your child get started if they don’t have the money right now to buy a rental house, or the time and resources to write a book, produce a song, or make a hit movie? (Never mind the pain of auditions and trying to find a publisher!)
Well, let me answer that honest concern with a real life example.
You see, you’re child probably doesn’t know this … but your child is an expert.
At something.
Your child is better at doing, making, creating, performing, something more than another child (or even an adult) who has never done that particular thing.
Just like my daughter, Xanthe. She knows how to make rainbow cakes using just one pan. Most people who want to make a rainbow cake end up having to make 6 or 7 layers of cake all a different colour of the rainbow.
But Xanthe learned how to do it in just one pan. So she did that. She let me make a video of her doing it, and now her video is on my cake decorating YouTube channel earning ad revenue month after month.
Pretty cool right?
Watch Xanthe’s video together with your child and see what ideas spark in their mind. What could they create that could help someone else do something that your child is already good at?
How excited are you now to raise your own young entrepreneur?
Then leave me a comment below and let me know what ideas your child comes up with. I can’t wait to read all about them!
Cheers … Amanda … Excited Life Enthusiast! ;o)
P.S. Oh and will you please do me a really quick favour? Could you give my sweet young entrepreneur daughter, Xanthe, a 💖heart or 👍 thumbs up and leave her an encouraging comment on her video on YouTube to show your support? I really appreciate you helping me to encourage her. Thank-you. Hugs
If you enjoyed this post and would like to go even deeper into how to raise young entrepreneurs (and learn the secrets to creating passive income as an entrepreneur for yourself too) then make sure you check out this Controversial Parent’s Guide that Reveals How to Raise A Money Smart Kid … even if you never learned how to handle your own money!
The Ultimate Parent’s Guide To Teaching Children & Teens About Money
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Connect with me:
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Goal Setting & Abundance Tools I Use As A Successful Entrepreneur:
- Vision Board Software: http://www.CreateYourOwnMindMovie.com
- Self-Hypnosis Tracks: https://hypnosisbootcamp.com/gift/a/cleverdough
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ONE MORE FREE GIFT FOR YOU … To thank-you for reading my blog post today, if you are a parent, I have 7 FREE financial literacy education tools for you and your child, including my “The 6 Magical Piggy Banks for kids” cartoon.
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#youngentrepreneur #financialliteracy #financialeducation #amandavandergulik
Affiliate Disclaimer: If you use any of my links, then I may earn a small commission, at no extra cost to you. Thank-you for supporting my channel. Your success matters!
