Comments on: Teaching Your Kids How to Make Money https://www.moneyahoy.com/teaching-your-kids-how-to-make-money/ Money Saving, Making Money, and Investment Ideas Sat, 24 Apr 2021 19:50:49 +0000 hourly 1 https://wordpress.org/?v=4.9.23 By: Derek Chamberlain https://www.moneyahoy.com/teaching-your-kids-how-to-make-money/#comment-3413 Sat, 26 Oct 2013 01:10:06 +0000 http://www.moneyahoy.com/?p=862#comment-3413 Chris,

It was kinda my wife’s brainchild, but I took most of the credit 🙂 There are so many opportunities out there to teach our kids about money that most folks pass up. Hopefully some of what we’re teaching them rubs off and they’re financially responsible. Good luck with the kids when you’re ready for them 🙂

]]> By: Chris Altamirano https://www.moneyahoy.com/teaching-your-kids-how-to-make-money/#comment-3412 Fri, 25 Oct 2013 23:52:20 +0000 http://www.moneyahoy.com/?p=862#comment-3412 Derek!

I’m only 24 and am in no way mentally, emotionally, or financially to have kids – but when I do I’m definitely going to come back and read this post again!

That was quite the set up your kids had going on there! As far as the content itself, absolutely quality dude.

It’s funny that you write this because a month or so back my dad and I were talking about our upbringings. One thing my dad did every month when the recyclables got full was to go trade them in for cash.

While this did give us some spending money for candy as kids, I look back now as a young 24 year old and wish he had taught us the value of everything you just spoke about in this post.

How to effectively communicate, responsibility, accountability, finances, etc.

I will definitely be taking your approach when it comes to my children. Thanks Derek!

– Chris Altamirano (All-Tuhh-Murr-Aww-No)

]]> By: How To Make Any Child Love the Stock Market | Caffeinated Money https://www.moneyahoy.com/teaching-your-kids-how-to-make-money/#comment-375 Tue, 23 Jul 2013 15:10:56 +0000 http://www.moneyahoy.com/?p=862#comment-375 […] article was teed off by a discussion at Money Ahoy about teaching your kids how to make money from a young age.  I’m a 20-year-old college […]

]]> By: Derek Chamberlain https://www.moneyahoy.com/teaching-your-kids-how-to-make-money/#comment-342 Sat, 20 Jul 2013 21:25:07 +0000 http://www.moneyahoy.com/?p=862#comment-342 I started trying to explain stocks to our son. I think he gets the basic idea, but he isn’t ready to use his money to buy shares yet 🙂

]]> By: Kent @ Caffeinated Money https://www.moneyahoy.com/teaching-your-kids-how-to-make-money/#comment-332 Sat, 20 Jul 2013 03:51:15 +0000 http://www.moneyahoy.com/?p=862#comment-332 The earlier the better! When I was really young and wanted to know what my dad did for a living (he works in finance), he actually explained it to me rather than giving me the dumbed-down version. It was probably way over my head at the time, but I became fascinated with the idea of “owning” a piece of a company.

]]> By: Thomas | Your Daily Finance https://www.moneyahoy.com/teaching-your-kids-how-to-make-money/#comment-317 Fri, 19 Jul 2013 18:07:13 +0000 http://www.moneyahoy.com/?p=862#comment-317 Nice! I like that idea and you may be able to get them cheaper if you buy them in lots!

]]> By: Derek Chamberlain https://www.moneyahoy.com/teaching-your-kids-how-to-make-money/#comment-315 Fri, 19 Jul 2013 15:57:40 +0000 http://www.moneyahoy.com/?p=862#comment-315 Thomas,

Yeah, having kids earn the money helps them equate time spent with the value of an object so that they can decide for themselves if it’s worth it to purchase.

I think my son (he’s going into first grade) and I have already got his next idea formulating from a discussion this morning. We can normally find kids books at yard sales for $0.25 – $0.50 each. If we can get some good ones (like Dr. Seuss) these re-sell on ebay for ~$1.50 per book. If we can find a couple lots of them we can get the whole arbitrage thing going. I’ll do a post on it if it pans out…

]]> By: Thomas | Your Daily Finance https://www.moneyahoy.com/teaching-your-kids-how-to-make-money/#comment-311 Fri, 19 Jul 2013 11:41:24 +0000 http://www.moneyahoy.com/?p=862#comment-311 Nice Derek! Way to get out there and not only tell the kids but show them. My mom always said what to do but followed up it with showing us or helping us do it. Kids need to learn how to earn money and stop thinking its going to always be given to them. I had a project a few weekends ago and took my younger brother with me. Did 8 hours work and I paid him 8 dollars an hour. He was like all this work for this? I said yep and you didnt even pay taxes!!! Now think about how much work you did before you go spending money on expensive shoes.

88$ man that must have been some rocking lemonade!! I bet those cupcakes were good! Next time make sure to take out the expenses.

]]> By: Pretired Nick https://www.moneyahoy.com/teaching-your-kids-how-to-make-money/#comment-297 Thu, 18 Jul 2013 18:11:51 +0000 http://www.moneyahoy.com/?p=862#comment-297 Love this! My kid can’t talk yet, but just as soon as he’s ready, he’s getting a heaping does of financial wisdom from me!

]]> By: Derek Chamberlain https://www.moneyahoy.com/teaching-your-kids-how-to-make-money/#comment-293 Thu, 18 Jul 2013 00:04:58 +0000 http://www.moneyahoy.com/?p=862#comment-293 Wow, it’s incredible that they got started with you at such a young age. I guess I need to get started with my son and the stock market. Holy smokes!

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