Rich Kid, Poor Kid & 2 Big Money Lessons

My son Camden has been asking me for ways to earn money.

After some persistence, I told him he could rake the lawn for 5 bucks.

He worked and got paid but when I paid him, I wanted to strive to teach him a lesson that would help him.

I asked “I wonder if there’s a way to turn that $5 into $10”

He responded with a great idea, went to work and earned his $5 back the very next day and had $19 in inventory left over from his initial investment of 5 bucks.

I was so proud of him but that wasn’t where the lesson was to end.

Today he asked mom and dad to give him $10 for the movies.

What do you do when your kids ask you for money?

Do you give it to them?

The full story here in this video along with 2 big money lessons that have really helped me over the years.