I hope you all had an amazing holiday weekend. We went to a birthday party on Saturday night and tried to go to a Drive ins, Diners and Dives recommended place in Long Beach, CA, The LAst Cafe, but it was closed. My daughter is a huge fan of the Food Network channel. Note to self to check the hours of operation next time.
Fear not we found another great place for lunch right on the water, Parker’s Lighthouse.
Ok, now for the remaining 3 principles for accumulating wealth:
#10 Use Your Imagination
Words alone can not describe the power which lies in this faculty of the mind. It was once said, “All the breaks you need in your life wait within your imagination. It is the workshop of your mind, capable of turning mind- energy into accomplishment and wealth. It is here that all the plans ever created by men and women have taken shape. The impulse, the idea, the form and action all come through the aid of the imaginative faculty of the mind.” Play with it. Learn to use it.
#11 Ask Powerful Questions
Get into the habit of using your brain power by posing questions and then noticing the answers when they show up. It’s as if they just ‘pop’ into your head. Sometimes it’s immediate and sometimes you have to wait on it for a day or two. Ask yourself a lot of good, powerful and positive questions.
# 12 Make a Vision board or call it a Dream Board for Kids
Cut out pictures of whatever you desire and put it on a board you can see everyday. Have places you want to go, things you want to have, words that inspire and empower you and a check with an amount filled in. Everything you currently have or experience first started with you envisioning yourself with it first.
Plan your life’s adventure in your head first.
Have a great week!
Christine Douglas
Leave me a comment and share this with your friends who will find it thought provoking.
Hi friends,
If this is your first post you’re reading from me then let me loop you in real quick. I’m listing 1 0r 2 principles every post so you have time to share with your kids & maybe even process them for yourself. Since our culture isin a share info but keep it short mode I aim to do just that.
Principle #8 Specialize
There are two kinds of knowledge: general and specific. General knowledge is great to have but it won’t help build wealth unless you’re playing Jeopardy. Decide what you love and are passionate about and learn as much specialized knowledge as you can about that topic. Specialized is the way to the green.
Principle #9 Persistence & Determination
Wealth accumulation requires that no matter what obstacles show up, you keep trying. Think about the Wright Brothers and Henry Ford. You know they didn’t get it right the first few thoudans times but they achieved success because they did NOT quit.
Finish out the week strong and have a great long weekend!
I’d love to hear your comments so post one.
Christine Douglas
Making Money Matter
Hi there,
Are you ready for your next set of principles that can change your life and your child’s life, if shared early?
Principles 6 & 7 are next up
#6 Have a Definite Purpose, Be Clear on Goals
There is a nothing more powerful than a mind that knows what it wants. Create goals that can be measured and make deadlines. The opportunities, circumstances, events and people will practically fall at your feet. If this has never happened to you, then it’s because you do not have clearly defined goals. Your Purpose or Your Why will determine your success. If you don’t have a strong enough purpose or reason you’re doing something it won’t succeed. So think really hard about your Why/Purpose before you move ahead.
#7 Get Help
Two or more heads are definitely better than one. No one who has built a fortune has ever done it completely on their own ideas. Tap as many resources as you can think of to help you create and generate money. Read books, listen to audio tapes, get a coach, talk to experts and non experts. talk to your kids, parents, employees, etc. Ideas will start bubbling up once the conversations begins. Try it!
An example of this is when my daughter started thinking about how she could earn money this summer so she could buy a Mac computer. She asked me if I had any ideas and I said I think about it. She already has a recycling business and a cupcake business she wants to do but she wanted something else, computers aren’t cheap. The next week a wonderful gal who met me at a seminar asked if I could look at her business and see what I thought. Well it turned out she had a great wholesale jewelry connection and my daughter helped her Facetime with a new customers in NJ I introduced her to and for helping her she gave her 25 pieces of jewelry to sell. Well she is having a blast showing her friends all the bobbles and bling she has for sale.
Ask and you will receive.
Christine Douglas
Money Scholar founder Don’t forget to leave a comment. I love to hear from you.
As promised I’m only sharing a couple of these principles at a time so you can soak them all in.
Principle #4 Believe You Can Make Money
Beliefs are the most powerful of all kinds of thinking you can do. Belief systems have the power to create and the power to destroy you. High achievers recognize their limiting beliefs and refuse to honor them. You should too.
Some great books that talk about this exact principle in great details are:
- Secrets of a Millionaire Mind by T. Harv Eker
- Think and Grow Rich by Napoleon Hill
Principle #5 Write an Organized, Potential Plan
We all know this is true so why do we refuse to do it? You wouldn’t drive across country without a map. Yet so many great ideas get lost because we don’t make a plan.
While kids are young and trying to figure out what they love to do enough to do it for the rest of their lives, ok maybe I should say for a very time, I read somewhere the average person has 7 careers in their lifetime, we need to help them with a plan. What type of lifestyle do they want to live and does the career they’re considering match with that. If they want a house on the beach in California and a private jet they need to consider careers or businesses they can start that has the potential to earn that kind of money. I just had this conversation with my 11 year old after her career day at school. It’s never too early to start planting these seeds.
Make the plan an adventure or you won’t ever get it started.
Cheers to having fun creating your life’s plan.
Christine Douglas
Money Scholar
If you didn’t read my last post I’ll forgive you and get you up to speed. I’m writing about the 12 principles we need to learn and teach our kids at an early age to accumulate wealth. A lot of the time I’m learning this right along side my kids because I was never taught about money or how to think about money. I’ll assume if you’re reading this you weren’t taught either.
#2 Decide to Make Money
The thought impulse called ‘decision’ is the forerunner to every action you take. When you say, “I’ve decided to get married…go shopping..eat a cheeseburger for dinner” then the appropriate action follows. The longer you wait to decide to make lots of money, and make a positive impact on the world the longer it will take you to make it. Indecision leads to self-doubt which can crystallizes into fear. Our fears will stop us cold. Decide today.
#3 Desire Money
This is not rocket science but essential to point out. Those that have money want money. They don’t have weird psychological stuff going on about how money is a bad thing or people with money are greedy or selfish. Desire is what drives people to make money. If you don’t have the desire for money, then you will stop short every time. The underlying message I tell my kids is the money you have the more people you can help.
I found this list awhile ago(sorry it doesn’t say where it’s from and the web address is now invalid so I can’t give credit were credit is due) and found it to be accurate after really study it and talking with my friends who are truly wealthy. Then I was thinking about how different my kids life would be if they learned this at an early age instead of in there 40′s like me, can you say AMAZINGLY DIFFERENT! I can already hear the difference in how my kids talk and think when it comes to what they want for their lives. They are both much bigger thinkers than I ever was at their age(8 &11 yrs old).
Since it’s too much to type in one blog post I’ll give you 1 or 2 each post so you can really let it sink in and you’ll have all 12 in a few weeks.
1. ‘Think’ in Terms of Making Money
“You must understand that your thoughts are things and they very powerful things at that. Even if the reality is you’re struggling financially, never allow thoughts of poverty to occupy your mind. Fill your life with thoughts and actions consistent with a plan to make money. “
Something that came to mind when I read this is when parents say to their kids “I can’t afford that.” That statement makes me crazy. It sends a message of lack, not enough, etc. Sometimes that may be the case but sometimes parents just don’t chose to spend their money on whatever the item the child may want. I encourage parents to say instead “I don’t chose to spend my money on that right now.” Help them understand how one chooses to earn and spend money is a choice and they may choose something different when they are older.
I’d love for you comment and/or share your thoughts with me.
Cheers to living a life you love!
Christine
Summer Jobs Ideas for Kids, Tweens, & Teens
Have a show in your neighborhood.
There are several great ways for kids, tweens, and teens to make money on their own. Since many minors are under aged to legally work, they can use their creativity in order to earn their own money. Making money over the summer can be fun and simple for kids of all ages.
Here are just a few ideas to consider:
Kids under 10
- Gather your friends and make fresh lemonade or baked goods to sell.
- Collect bottles and cans to recycle at a local recycling center in return for money. Save the environment and make money at the same time!
- Go through your clothing, toys, etc. that is no longer being used and have a yard sale or ask your parents for help with selling on Ebay or Craigslist
- Sell tickets for your own performance with all your friends(dance, play, talent show, etc.)
Tweens ages 10-13
- Start a pet caretaking business. (walk, wash, feed, clean up after pets, etc.)
- Help do yard or house work for friends, neighbors, or elderly.
- Bring out the soap and water and have a car wash!
- Use your creativity skills and sell your crafts (bracelets, knit scarves, cards, etc.)
Teens ages 14 and up
- Use your academic skills and tutor those who need help.
- Have fun with younger kids and babysit!
- Get paid from your smartphone using these apps which reward you in cash for performing certain tasks such as taking pictures, checking in to places, and other simple, easy assignments
- WeReward
- Gigwalk
- CheckPoints
- Fiverr
Remember your job as a parent isn’t only to help your kids find a job they enjoy but also to educate them on what to do with the money once they earn it.
Have a great summer, it’ll be here before you know it.
Christine Douglas
Financially literate kids=Financailly free adults
