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Category: Entrepreneurial Kids

How Does a 15-year old Save for a Car?

How Does a 15-year old Save for a Car?

Ryan just bought a car. And she’s a beauty, too. 2002 baby blue (uh, metallic blue) Toyota Prius with only 57,000 miles. Owned by a 91-year old grannie who used it mostly to drive to church and back. No kidding. Problem is, Ryan can’t drive it; never mind he doesn’t have his license. He barely has his permit. And taking an online course to get his permit happened after he bought the car. How does a 15-year old with no…

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Spend to Make? But, of course!

Spend to Make? But, of course!

I hung out in a second grade classroom last week to talk about saving money and then have the students make their own Money Jar.  It was a fun lesson and the Money Jars turned out unbelievable.  Kids and their creativity never ceases to amaze me. While we were discussing money issues, I asked the students how they got money. Of course, the usual answers came up…allowance, chores, birthday money.  Then one little guy raised his hand and volunteered, “You have to spend…

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Divots and Entrepreneurs

Divots and Entrepreneurs

“How much do you think I could get for this on eBay?”  Ryan was holding up a  chunk of sod and grass that, in golfers lingo, is called a divot.  It’s what’s left after a golfer takes a hard shot at a ball lying on the grass. We were at the President’s Cup in San Francisco and all the big names in golf were there with us:  VJ Singh, Phil Mickelson, Mike Weir, Ernie Els, Fred Couples…and, everybody’s favorite, Tiger Woods….

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Gas Money

Gas Money

I don’t like to interfere with the business dealings Nathan and Ryan have.  I am confident that they can handle them effectively and ethically.  A year ago I probably wouldn’t have included the word ‘ethically’ but given what’s happened since then, focusing on ethics has become pretty important. Nathan has a little side business where he drives kids to and from school…for gas money.  If you read an earlier post where I wrote about two empty seats in his car…

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Nathan's Taxi Service

Nathan's Taxi Service

Keeping gas in the tank is painful for a teen when it’s their money that’s being sucked dry.  But it’s also a very important life lesson.  Teens need to learn how to manage money before we send them out into the world. So Nathan was thrilled when he came home yesterday with yet another opportunity to drive one of Ryan’s friends to school every day.  Besides Ryan, this is his fourth passenger.  Paying passenger.  I told Nathan I would pay him the…

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