Educate your children to generate wealth
Posted by youlki22 on April 19, 2008
It might be surprising for some people that internet has become a source of income for young children also. Earning online needs some skills, only you require proper channel or resouces to teach your child about business.
According to a story published at msn, money- written by Abby Ellin:
Story is: “3 kid CEOs making big bucks!”
Leanna Archer, an honor student in Islip, N.Y., was 8 when she first tried to make a batch of homemade, natural hair products just like her mom’s. Soon she began selling them in the neighborhood and then to stores.
Today the 12-year-old Leanna is the owner and CEO of Leanna’s Inc., which sells hair-oil treatments, shampoos, conditioners and deep conditioners. Her products are sold online and in stores across the country, and she expects 2008 revenues to reach $150,000 — up from $45,000 in 2007.
Leanna works seven days a week to keep her business going. On weekends, she makes and packages the products at home with her parents’ help. During the week — after completing her homework — she packs boxes for the orders she receives daily on her site
An increasing number of kids are starting their first businesses while they’re still doing homework.
“Generation Y entrepreneurs enjoy taking risks,” says Sean C. Rush, president and chief executive of Junior Achievement, an organization dedicated to inspiring young people to become successful in business. “Younger would-be entrepreneurs, even as young as 8 years old, indicate an interest in starting their own businesses, in order to use their skills and abilities, to be their own boss and to build something for the future.”
Read the full story: here
Resources:
Read another article at msn: Can you teach your kids to be rich?
** Junior Achievement is the world’s largest organization dedicated to educating students about workforce readiness, entrepreneurship and financial literacy through experiential, hands-on programs.
Junior Achievement programs help prepare young people for the real world by showing them how to generate wealth and effectively manage it, how to create jobs which make their communities more robust, and how to apply entrepreneurial thinking to the workplace.
Check the Resouce room of JA.org.
You can also sign up for their newsletter by submitting your e-mail at the site
** Character Education.info provides lesson plans, quotes, people stories, book summaries and resources to teach your children about money, debts, investment, and finances.
** FranChild is a site helping kids learn the value of money, business and how to succeed.
FranChild makes “franchise-like” businesses available for children to operate. It was created by parents for parents to teach children about business. They charge a little amount for their services.
Read more about the site, here.
