Money Lesson 6 Parents Should Teach Kids
by Team Sammy
Earning Money is Fun To Do
Parents, teach your kids to earn their way!
Developing an "earning ethic" emphasizes the value of personal responsibility, dedication, and the principle that one's achievements should be a result of their own choices, actions and abilities.
As a parent you want to prepare your children for the challenges and opportunities that lie ahead. One of the most priceless money habits, essential life skills, and esteem-building concepts you can instill in them is the art of becoming an enthusiastic earner and willing worker.
So, actively educate youngsters on the importance of fostering a mindset focused on earning, developing the practice of generating income, and embracing the role of a diligent earner. Furthermore, impart to them the notion that earning money can be an enjoyable endeavor! Let them know, it is fun to do and a great habit!
3 Reasons Why
Here are three ways teaching kids to earn their own way pays off.
First, when kids learn the significance of earning money, they develop a sense of control over their financial destiny. Understanding that their efforts directly contribute to their financial well-being empowers them to make informed decisions about spending, saving, and investing. This early exposure to financial independence sets the stage for responsible money management in adulthood.
Second, instilling the value of earning money teaches children the importance of hard work and dedication. By connecting financial rewards to their efforts, they internalize the concept that success is a result of persistence and commitment. This foundation of a strong work ethic will serve them well in all aspects of life, from academics to future career endeavors.
Third, earning money in a meaningful way to significantly boost a child's self-confidence and self-esteem. As they accomplish tasks, set goals, and witness the tangible results of their labor, they develop a sense of pride in their abilities. This positive reinforcement not only enhances their self-perception but also encourages them to take on new challenges with enthusiasm and optimism.
Food for Thought
While financial literacy is often overlooked in traditional education, teaching kids to earn their way not only sets them up for a prosperous future but also cultivates a sense of responsibility and achievement from an early age.
3 Outstanding Quotes and Sammyriffic Wisdom on Being An Enthusiastic Earner and/or Having a Terrific Work Ethic
Share and discuss these quotes with your kids. Or do the same with some of your personal favorites.
(1) By failing to prepare, you are preparing to fail.
― Benjamin Franklin
(2) It takes as much energy to wish as it does to plan.
― Eleanor Roosevelt
(3) A goal without a plan is just a wish.
― Antoine de Saint-Exupéry
Easy and Fun Steps to Teach Your Kids Earning Money and Earning Their Way is a Great Habit
Parents, here are some teaching tips, activities and exercises to encourage and get your kids in the habit of writing out their plans.
Teaching Tips and Activities
Listen to the song Lemonade Stand.
Read the lyrics to the song Lemonade Stand.
Use the the song and story as a catalyst for conversation and questions like: Are you willing to work hard to make one of your dreams come true?
Activities and Exercises
Have kids complete the "Earning Money is Fun To Do" Activity Sheet.
For more teaching tips refer to Sammy Rabbit's Beginning Money Habits Module and Lesson Plan for Parents on Earning Money. Have fun!
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