Ways For Kids To Earn Money

By Jenny Ford

Thinking of ways for kids to earn money before they are old enough to have a regular job can seem like a challenge.

Years ago, before child labor laws, it was so normal for kids to be working alongside adults that the very thought of looking for ways for kids to make money would have been ridiculous! Sometimes, the money earned by kids kept a family from starvation.

We live in better times now. There is usually plenty to eat, and we expect our kids to focus on their education, not support the family.

However, the school system in the Western world is highly geared to producing good employees. There are real risks if you leave your child's financial education to the so-called "education experts". Remember that the teachers, the inspectors, the administrators, the people who write the curriculum guidelines, and the politicians who make the laws about education are all, themselves, employees. Many of them have never been anything else.

It's up to parents to instill that good old-fashioned value of self-reliance, and encourage kids to get out and make money for themselves.

Kids can do all sorts of things to earn money. The only limit is your imagination.

Babysitting

Baking for busy working mothers

Collecting aluminium cans

Cleaning swimming pools

Gardening

Letter-box leaflet drops

Running errands

Dog washing

Selling things on eBay

Making jewellery

Making My Space backgrounds

Busking

Collecting for charity on commission

Buying bulk candy and selling individual pieces

Entertainers at kids' parties

Exercising horses

Breeding rats (or other pets)

Comic book rental library

Toy rental library

Collecting lost golf balls

Washing cars

... and hundreds more!

Not so long ago, kids didn't need to look for ways to earn money, because 95% or more of the population were self-employed. People worked on their own farms, in retail, or in cottage industries. Kids grew up surrounded by commerce, watching the exchange of valuable services for money, and inhaling the principles of adding value and making a profit with their every breath.

These days, the majority of people depend on someone else's entrepreneurial spirit to generate revenue and pay them a wage directly, or they are indirectly relying on those same business owners because they work for a government funded by taxing the private sector and its employees.

With this shift from enterprise to job-seeking has come a corresponding shift from self-reliance to dependence. We have almost lost the ability to take care of ourselves financially.

Most people are expecting an employer or the government to take care of them when they can no longer work. Or, worse, they aren't even thinking about how they might survive financially beyond this year, this month, or even this week.

Basic entrepreneurship should be part of every child's education. But we can't expect the employees who teach in schools to pass on skills they don't have. As with the other crucial life skills like dental hygiene, eating right, and avoiding poisons, teaching the skills of money and business is very much the parent's responsibility. Help your kids to find ways to earn money, and build their skills for life.

Free book to download - Finding The Right Niche For Your Cash-Smart Kid Free email course - Get Started! How To Start A Money-Making Web Site For Your Child

Jenny Ford is an expert in educating children about business and wealth creation. She is one of the founders of Cash-Smart Kids.
She holds an Honours degree in Psychology, a Diploma in Training and Assessment Systems, and an Advanced Diploma in Business Management. She is the mother of three young entrepreneurs, all of whom started successful businesses when they were nine to twelve years old.
Kids Money Articles Review by Jenny Ford

Posted in: Business For Kids