EARNING MONEY. WORKING HARD
In Part 1 of the conversation we asked:
What is your philosophy on earning money?
Sammy Rabbit encourages you to share your response with us.
Do it in social media. Do it thoughtfully and responsibly. Do it to help kids establish great money habits. Do it to spread awareness on the importance of early age, youth and family financial literacy education.
Financial literacy education, financial capability and money are apparently topics the world struggles to discuss effectively.
WHAT WE CAN LEARN FROM KOBE BRYANT
In Part 2 of our conversation, I'd like to share what we can learn from the late Kobe Bryant and other community leaders and experts on the topic.
In a video titled "Outwork Everyone," a compilation of Bryant interviews, Kobe shares the following:
" ...I went to work ... I stayed with it ... I kept practicing..."
"...what do I want to work on first..."
"... stick to the fundamentals..."
"...I'd always work on the things I was weak at..."
"...You have to do the hard stuff..."
"...You are not going to outwork me..."
These are words and ideas I think any parent can point to and build on to help instill better money habits in their children.
I found the 12 minute video to be an excellent investment of my time and think you and your children / students will too.
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WHAT OTHER LEADERS AND EXPERTS SHARED ABOUT WORKING HARD, EARNING MONEY AND FIRST WORK EXPERIENCES
Kristy Wallace, CEO at Ellevate Network
Question: What was one of the smartest money decisions you made as a child or teenager and why?
Kristy: I loved working during the summers. I was an assistant at my dad's dental office during the day and a waitress at night. I worked seven days a week because I enjoyed what I was doing and appreciated the fact that I could still hang out with friends after work or spend time on the beach between shifts
Anthony Scaramucci, Founder & Managing Partner, SkyBridge; Founder & Chairman, SALT
Question: What is the most important money habit you learned as a child?
Anthony: My dad woke up at 4:30 every morning, grabbed the lunch pail that my mom packed for him the previous night and put in an honest day’s work. Even as a child I was in awe of my father’s work ethic, because I knew that he put in those long hours to create a modest lifestyle for his wife and three kids.
I was determined to emulate that work ethic in everything I did.
Jaime Bosse, CFP ®, Children's Author
Question: Did you work as a teen and/or in college and what did you do with the money?
Jamie: As I mentioned earlier, my first job was being a babysitter. When I was in high school, I worked as a grocery sacker and carryout. This is embarrassing, but I mainly spent the money on candy, clothes, CDs (this was the 90’s), and things my parents wouldn’t buy me. I loved the freedom of being able to spend my money on things that were important to me. In college, I worked as a waitress at a steak house. Most of my tuition was funded with student loans and scholarships, so what I earned was spent on discretionary stuff. I am glad I had work experience prior to entering the “real world”. It was great to learn customer service, the importance of being on time, being dependable, and how to get along with others and work for a manager. It was also good to understand the concept of taxes early on.
Share Your Story. What is your philosophy and parenting policy on earning money, working hard and teaching children from early ages to develop great money habits?
Share it with Sammy Rabbit and his global audience. Receive valuable exposure. Raise awareness for financial literacy education.
Be featured in one of Sammy’s Interview Series on childhood money memories. Be a guest blogger. Have your book or enterprise highlighted.
Contact Sammy to learn more.
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