• Get a job. Now is the time for your kids to start earning money of their own. Whether it's flipping burgers or selling magazines door to door, a job will help them develop a sense of independence and responsibility.
• Start their own business. Believe it or not there are plenty of teens making their own money through their own businesses. The internet is teeming with success stories and we'll discuss many of them here on this blog. In today's economy, it pays to be self employed. Gone are the days of job security and pension plans.
• It's time to get serious about teaching your kids investment strategies and wealth building systems. Discuss what's going on in today's economy and where the real opportunities lie. Make sure your kids understand that, no matter what the market is doing, there is always a way to build real wealth.
Keep the conversation going at alls times with kids and money skills. They're never too young or too old to begin learning about finances, wealth building and the economy. Don't wait for them to learn these things in school, sadly it is rare that a child receives any form of financial education in today's systems.
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