How can kids as young as 7 start their investing journey?
Starting a lemonade stand can be a fun and profitable way for kids to learn about investing. Kids can use their creativity and entrepreneurial skills to make it stand out. They also learn the importance of managing expenses, setting prices, and calculating profits. Overall, a lemonade stands or other craft making ventures can provide a fun and educational introduction to the world of investing for kids.
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Westyn's Wicks is about a cool girl who began making and selling candles to make some extra money to earn an iPad. She kept using the money she made to make more candles. That helped her pay back the money she borrowed from her mom and still have some left. She worked hard until she had sold all her candles and hit her goal. It shows that if you have a good plan and know what you want to sell, investing your money can help you achieve big things!
Imagine yourself as a strong oak tree in your own life!
Acorns are tiny seeds that can grow into big oak trees and need good things to grow. They need soil, water, and sunlight. If an acorn doesn't get these things, it stays small and can't become a big oak tree.
Think of "potential" like this: when you look at a small acorn, it has the hidden power to become something amazing. But, it can only happen if it's in the right place with everything it needs.
So, just like acorns, we also need the right things to grow and be our best. Let's explore and learn together!
Somethings you just have to own up to - Lying is tough because it makes you feel bad and it can lead to trouble. Owning up to your mistakes is important to building a good relationship with your parents and helps you learn from your mistakes.
Listen to this podcast to learn about how to create Universe Juice...both a real drink and another term for manifestation. How did the Foley kids do explaining the Law of Attraction?
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What kind of mindset do we want to have? Do we want to have a scarcity or an abundance mindset? Abundance.
So we want all of you guys to try to catch yourself if you're having a scarcity mindset, right? And maybe take a minute and think, "Could I think about this differently? What is it taking from me? Anything?" Probably not. "Could this come back to me?" Tenfold.
If you guys have ever heard givers, get. So that means the more you give to others, the more you receive. The more you receive. And that's an abundance mindset. So if you catch yourself thinking, well, I don't want to give because I don't get, then you might be stuck in scarcity a little bit. And it does take practice.
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We are lightening things up this week! We wanted to share with you our favorite games to do as a family. It is incredibly appropriate for us to share right now because we are about to go on vacation. We are taking a few of our favorites games to play together.
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In today's episode, we are going to talk about a really hard vocabulary word, scarcity.
Key takeaways:
Scarcity is often a mindset shaped by our experiences and perceptions. Understanding this is the first step towards overcoming its grip. By recognizing that scarcity does not always reflect reality, we can shift our mindset and open ourselves up to abundance.
Practical strategies can help us embrace abundance in our lives. By practicing gratitude, using positive language, collaborating with others, and taking inspired action, we can cultivate a positive mindset and attract more opportunities. These strategies empower us to focus on what we have and create a life filled with possibilities and fulfillment.
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In today's episode, we are sharing with you multiple things. We're sharing our dinner-time routine, which is all about gratitude and getting to know a little bit about these kids.
Key Takeaways:
Reflection on adversity fosters growth and resilience: By openly discussing the challenges encountered throughout the day, family members have the opportunity to reflect on what happened and learn from those experiences. This practice instills a growth mindset, teaching everyone to view setbacks as opportunities for personal growth. By embracing adversity, families can cultivate resilience, problem-solving skills, and a positive outlook on future challenges.
Anticipation of tomorrow cultivates optimism and gratitude: By discussing what each family member is excited about for tomorrow, they cultivate optimism and gratitude. This practice encourages everyone to focus on the positive aspects of their lives, fostering a sense of anticipation and joy. By instilling an attitude of gratitude for future experiences, families create an environment that values the present moment while nurturing a hopeful perspective for what lies ahead.
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In today’s episode we discuss how kids can budget. It’s really simple and just takes a few minutes to do.
The kids talk about how they do it and why they believe it is important.
Help your kids learn the power of dividing their money. Buy Less for Your Children and Explain To Them They Need To Use Their Spending Money. This Helps Them To Understand Impulsive Desires & Disciplined Spending. If They Want it Bad Enough To Spend Their Own Money On it, Then It Truly is Important to Them.
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We also talked about GreenLight in this episode. If you want to check that out, here is a link to their website. We use it for their "Spending" money and we assign chores to them through the app. I ordered the debit cards with their picture on it so we could easily keep them seperate and the kids thought that was cool!
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