Day 84: Want to raise entrepreneurial kids? Don’t give them pocket money!

Day 84- Want to raise entrepreneurial kids- Don’t give them pocket money!

Ted speaker Cameron Herold thinks that we need to keep an eye out for kids with entrepreneurial skills. He believes that we need to nurture those skills, just like any other life skill. In his Ted talk “Let’s raise kids to be entrepreneurs” Cameron talks about why giving kids pocket money could be sending out the wrong message. Why giving kids pocket money can send out the wrong message Cameron doesn't believe in giving his kids pocket money, he believes it sends out the wrong message and breeds kids to expect a paycheck each week. It’s the ‘job’ mentality. Now, that’s fine if you are not raising your kids to be entrepreneurs, but if you are, your kids allowance could be one of the most significant business lessons of their life. Cameron doesn’t give his kids pocket money in the traditional sense but he does give them opportunities to earn money. He teaches his kids to look for opportunities around the yard and house for things … [Read more...]