Success has a lot to do with your sense of being Find out how to train yourself to make money and stay in tune with your mind, body and soul
We did a little test last year with my 8 year old daughter and built a lemonade stand out of pallets. We rented a spot at a Maker's fair and charged $2/ drink, and $10/cup that had unlimited refills. 10$ might seem like a lot, but it was a really nice glass mason jar with a lid and metal straw--she sold all of them. During a 2 day period, she brought in $1300. (it cost us about $400 including renting the space, as well as all drinks and cookies and that sort of thing we sold.) If she did that every day, she's be making more than most adults.
Last night she set up a little lemonade stand in front of the house and with very little foot traffic managed to pull in $40 in 2 hours.
My daugher is excited. We home school her and she doesn't really have any passions, but she's clearly good at business, and she gets really excited; I mean so excited that it's inspiring to see her this way.
I've been waiting to see her eyes light up this way all her life, waiting for her to find something that makes her passionate to take advantage of the fact she's not wasting most of her life in school (don't worry, we still do about 2 hours of 'school work' a day with her, she reads and writes quite well and is generally at grade level, but clearly academics isn't her thing)
It's like dealing with adults and doing business deals turns her into an instant grown up, she gets all mature and serious.So inspiring to see. Clearly, we're onto something here.
Something else is at play that I find interesting, people were literally lining up to give her their money. She could have been selling anything and I'm pretty sure she'd have been as successful. They think she's cute, they think she's sweet, and everyone wants to pitch in and help her business succeed.
Now this seems like a golden opportunity for her. In fact, I think there's a good chance that if she takes this seriously over the summer and during the next few years there's a good chance that by 19 she'll be light years ahead of anyone else her age in terms of savings and understanding of business. I've always thought that your teenage years should be used to create wealth, so that by the time you're in your early 20's you can be financially independent. But the best thing she has going for her is that simply because of her age she has an advantage other's could only dream of.
For now selling lemonade is great, but I'm trying to think of other business that could make her even more money all year round. She has an unbelievable advantage here, people want to give her their money, the product is almost secondary!
I'm looking for ideas for here. What else could she do, what business could she start that would allow her to take advantage of people's willingness to help her?
One more thing, please don't suggest that she's too young or that we're taking advantage of her. All the money she makes - her expenses goes directly to her--we obviously take nothing. She loves doing this and can do it 14 hours a day, during the maker fair we actually had to force her to let some of the other kids we knew help her out. She absolutely loves business, and I absolutely want her to be financially secure at the youngest age possible (I should also note we have saved 30k for her university if she ever wants to addend. I should also note that each birthday she's taken the money people give her and bought physical silver to hedge against inflation--at today's' rate she has almost $1k in silver assets as well as a few thousand in her saving account--this year we're looking into investing some of her money into google or apple )
So reddit, any bright ideas? I'd love for her to make some serious money and invest it in some assets as young as possible! What else could she do?
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