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In this issue: A savings conversation starter, an opportunity for your budding business builders and a nugget of weekly wisdom. “Working to help parents raise money-smart kids.” 3 Ideas to Share & Save Hello, friends! Money-Smart Month finishes this week. So, fittingly, this installment of “3 Ideas to Share & Save” features a savings conversation starter, an opportunity for your budding business builders and a nugget of weekly wisdom. Enjoy! — 1 — Saving as a Secret Source of Income: Art of Allowance Podcast guest Colin Ryan continues to share useful ideas. In this video short, he reframes saving in a way to make it slightly more scintillating for your teen or young adult: Of course, saving for a goal, particularly one that’s S.M.A.R.T., is a great strategy to encourage kids to discover the power of delayed gratification. Use our Goal Label Generator to create pictures your children can paste on their Save jars, or print wall thermometers to track their savings over time. And here’s an incentive for you: Be the first person to send me a picture of your child’s Save jar with a goal visualization, and I’ll send you a signed copy of my book, The Art of Allowance. — 2 — Entrepreneur Camp: With the school year wrapping up soon, you might want to kick-start your kids’ entrepreneurial journeys. For starters, podcast guest and entrepreneurial encourager-in-chief Gayle Reaume is running another of her successful Moolah U entrepreneur camps this summer, and registration is now open. Here’s a testimonial from one of Gayle’s past students: If you and your child are interested, then you can use the code YoungCEO at checkout to receive a 15% discount on your registration. And several of my other podcast guests can help with their strategies! Smart Money Mama Chelsea Brennan has her kids contribute to the family businesses, James Robert Lay is forgoing an allowance to foster his children’s entrepreneurship and Kirk Drake encourages his kids to take ownership of their ideas. — 3 — Weekly Wisdom: “What is success? It is an inner and indescribable force, resourcefulness, power of vision; a consciousness that I am, by my mere existence, exerting pressure on the movement of life about me. It is my belief in the adaptability of life to my own ends. Fortune and success lie within ourselves. We must hold them firmly—deep within us.”
—Thomas Mann
On the flip side, fellow entrepreneur and podcast guest Jedidiah Collins offers a counterintuitive approach to entrepreneurship. He actually discourages entrepreneurs, knowing full well that a true one will ignore his advice and chase whatever ideas are, as Thomas Mann says above, “deep within us.” As always, enjoy the journey! John, P.S. Please consult with a financial or investment professional before engaging in any decisions that might affect your own financial well-being. View this email in your browser. Forwarded this email? Sign up here.
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