Jenny Ford Responds To Rich Shefren’s Post On Teaching Kids How To Earn Money
Jenny Ford, blogging at www.raisingentrepreneurs.org, followed up on Rich Schefren’s recent post:
Rich Schefren took a step into my world last week, when he went to talk to a group of five-year-olds about business - and according to Rich, he was “Shaking In My Boots”!
It can be daunting, trying to break down complicated business ideas into terms kids can understand. Especially if you have learned business through years of experience, or at university-level academic institutions, or both. The gap between your understanding and the world of a child seems almost infinite.
The truth of the matter is that it can be done. Parents are doing it every week, using the Cash-Smart Kids program.
I left a comment on Rich’s blog post, letting him know about the program - I wonder if he will come and check it out?
At his blog post, “Shaking In My Boots” you can download the gorgeous ads he had these 5-year-olds make to convince their parents to buy them things. Imagine how much more powerful it would be if they also included a business plan as to how they would earn the money to pay their parents back for the purchase?
At this rate, the kids will be running the world before we get our turn!
Seriously, though, kids are quite capable of understanding complicated financial concepts, if they are explained in simple language. As Jenny said in a comment she left on Rich’s blog post, she has kids of five and six understanding the difference between active and passive income in her Cash-Smart Kids program.
Robert Kiyosaki has been saying for ten years that we need to be teaching this stuff to kids, and his board games make no “watering-down” concessions to kids – they are running full balance sheets by the time they are playing Cashflow 101!
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