Our children are very well positioned to learn Internet marketing techniques and use the Internet to build their own businesses.
As parents, we should do everything we can to train our children to use their natural abilities to build an online business.
However, before they start their business, we must provide our children with a solid financial education. It is a sad fact that our school curriculum does not cover finances and when our children need to “understand money” it may be too late.
Part of education must include teaching our children to take financial responsibility for their lives, from a very early age. Show them how money works in the real world and what it means to them.
Then he teaches the Law of Attraction and the Law of Abundance and how to combine everything.
I started with my kids when they were little kids. When we went to the Stores, if they “whined and whined and wanted” they got nothing. Good behavior was often rewarded with a small treat that had a set value of between $2 and $5, and we let them choose their own reward. If they wanted something other than the defined value, they couldn’t have it. As very young children, they quickly understood that there is something finite that can be done with money.
We started paying children an allowance as they got older and they had to split that money in half. Half went into a savings-style bank account, the other half they could spend. The children were encouraged to have “spending goals.” My daughter decided that she would save up for a new toy (about $50) and my son decided to save up for a new computer game. Again, this focused their mind on the value of the money they were earning. If they wanted to spend money on something else, it would affect their ability to reach their goal sooner.
The other thing was to teach our children “responsibility.” We buy your new school uniforms each year and replace the parts that need to be replaced throughout the year. However, children being children lose items. One year I remember losing 4 sun hats, 4 jumpers and a pair of school shoes. Since the maintenance of their school uniforms is the responsibility of the children, the agreement was that the children had to pay to replace it. Since the School has a strict uniform code, they also have to replace it quickly. Money to replace uniform items comes directly from your spending money.
Finally, teach your children about the Laws of Attraction and the Laws of Abundance.
The Law of Attraction simply says “Think you will receive and you will.” By teaching children this simple mantra, their minds are engaged in a different way and they manifest behaviors that will actually help them reach the desired goal. There is a metaphysical quality to The Law of Attraction, but there is also a very physical aspect to its implementation.
The Law of Abundance is different. With this one, we encourage children to give a portion of what they earn to charity. Generally 10%. By doing this, we want the children to focus on how they can make the 10% bigger and, by relationship, the remaining 90% grow as well. There is a metaphysical aspect to this in the “give to receive” principle. With the Law of Abundance we are teaching our children to Give Before Receiving and to be responsible members of the community.
Provide your children with a solid financial income that allows them to become Cash Smart Kids.