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Hi Taylor
- As a parent, I want to encourage my child to be financially responsible
and develop leadership skills during their summer break. What money-making
opportunities can you suggest for kids that will allow them to learn
and grow, and how can I ensure their safety while they work on these
projects? Lisa in Nashville
Hi Lisa! - It's great to teach kids about financial responsibility
and leadership early on, and summer is a wonderful opportunity for
children to learn about financial responsibility, develop leadership
skills, and make money. As parents, it's essential to guide and supervise
them through these activities while prioritizing their safety. Encourage
open communication, teach them about setting boundaries, and help
them develop a sense of responsibility that will serve them well in
the future. Here are some great options, along with safety tips to
keep in mind: |
1. Lemonade
stand or bake sale: These classics not only teach kids about
entrepreneurship but also allow them to develop their interpersonal
and customer service skills. Encourage them to handle the money
transactions, plan their inventory, and market their products.
Make sure to supervise your child's activities, especially when
they are interacting with the public.
2. Lawn care or yard work: Many homeowners need help with
maintaining their yards during the summer months. This can include
mowing lawns, raking leaves, or weeding. Kids can learn time management,
hard work, and persistence through this type of service. Be aware
of who they are working with and ensure they are in a safe environment.
3. Tutoring or mentoring: If your child excels in a particular
subject, encourage them to tutor younger kids. This not only helps
build their own confidence in their abilities but also teaches
empathy and leadership skills. Teach your child about setting
boundaries and saying no when they feel uncomfortable or unsafe.
4. Pet sitting or dog walking: Many families go on vacation
during the summer months and need someone to care for their pets.
This is a great opportunity for kids to learn responsibility,
time management, and how to communicate with pet owners about
their services. Encourage open communication about their experiences
and listen to their concerns.
5. Online freelancing: If your child has a skill that can
be offered online, such as graphic design, web development, or
content writing, they can explore freelancing platforms to find
gigs. Monitor their online activity and ensure they are not sharing
personal information with strangers. Teach them about online safety
and the importance of protecting their privacy.
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| In addition
to these ideas, consider helping your child brainstorm creative ways
to use their unique talents and interests to make money. For instance,
they could sell handmade crafts, teach music lessons, or organize
neighborhood events. The possibilities are endless, and your support
and guidance can make a significant difference in their success. Embrace
this time as an opportunity to strengthen your bond with your child
and cultivate essential life skills that will last a lifetime. For
even more ideas and resources, visit TheMoneyKids.com!
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| Legal Disclaimer:
Information presented is for educational purposes only and is not
an offer or solicitation for the sale or purchase of any specific
securities, investments, or investment strategies. Investments involve
risk and, unless otherwise stated, are not guaranteed. Be sure to
first consult with a qualified financial adviser and/or tax professional
before implementing any strategy discussed herein. To submit a question
to be answered in this column, please send it via email to Question@GoFarWithKovar.com,
or via USPS to Taylor Kovar, 415 S 1st St, Suite 300, Lufkin, TX 75901.
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