Friday, December 16, 2005


Youth Enterpreneurship - Educating vs. Earning

Over the past couple of weeks several people have emailed me regarding the Biz4Kids Kit and how little it emphasizes MONEY. Yes, we do talk about money throughout the books and worksheets but we don't talk about what to do with the money once it has been earned.

It is important to remember that earning is just the begining of the process. With an incomplete understanding of how money is earned and how difficult it can be to earn then there is little reason to move forward. First, we teach how to earn money. Then you, as a parent or mentor, must apply your own values to how the earned money will be used - Spent, Donated, Given, Saved...

We'll come back to this subject more and more often I am sure. In the meantime consider our philosophy: money is a by-product of using the Biz4Kids Kits.

I was prompted to blog about this today after the recent emails and after reading a WSJ letter.

Robert Tarr (Villanova, PA) wrote a good letter to the Wall Street Journal today and I'll quote him: "It is not that 'money buys happiness' but rather that ' happiness buys money.' More precisely, the very virtues and habits that lead to happiness - goal-focused, rational discipline, creative thought, optimism - are the same ones that lead to success in any endeavor, including in the financial realm."

He then quotes Ayn Rand's famous 'money speech' from Atlas Shrugged: "Money is the product of virtue, but it will not give you is the creation of the best power within you."

Keep sending us emails about how you manage the money that your kids earn.

Wednesday, December 14, 2005


Start a Financial Conversation with your Child / Mentee

In the Winter Biz4Kids Biz Bulletin we stressed the importance of reading. We also want you to consider spending some time talking with your child or mentee about financial issues and goal setting. Below are some questions that you can use to start your conversation. Good luck!! visit for more information.


What is money? What makes it valuable? Where do your parents get it?

Where do your parents do their banking?

When and why do people pay interest? How do you receive it?

How does a credit card work? a debit card?

What is debt? How is debt different from credit?

How does a check work? a check register?

What do you think your parents’ annual income is?

What percentage of your parent’s income do you think goes toward income taxes? Property taxes? Sales taxes?

Make a list of the monthly bills you think your parents pay. What percentage of their income do you think they pay in each category?

How much money do you think your parents spend on groceries each month?

How much do you think your parents’ home is worth? If they don’t own your home, how much do you think they pay in rent each month?

How do your parents know how much extra money they have to spend after they’ve paid their bills?

What is a mortgage?

How much do you think it costs your parents to operate their vehicle for a month? For a year?

What percentage of your income do you think you should give to church each year?

What is savings and why should you do it?

What is a budget? What is a deficit?

If you moved out on your own, how much money would you need to live each month? Just for fun, make a list of the bills you would have to pay and what percentage of your monthly income would go to each category.

Sunday, December 11, 2005


"The Desire to be an Entrepreneur"

I hope you enjoy this little post. These are not my words but I share the same thoughts.

In the world of entrepreneurs, desire is the common denominator -- and it is truly a powerful force. But what is not common among entrepreneurs is what is desired.

Perhaps there are two kinds of entrepreneurial desire: the desire to accomplish something entrepreneurial, and the desire to be an entrepreneur. The reason understanding the distinction matters is because while both may lead to success, the latter is more likely to provide fulfillment.

Those who desire to be an entrepreneur are a lot like Olympic athletes: always knowing that while crossing the finish line first and winning the gold medal is an extremely worthy goal, preparing for and running the race is also fulfilling. The Upanishad might say that one who desires to be an entrepreneur possesses the end of all longing and will likely find fulfillment.

Doing something entrepreneurial is not as risky as it might seem. If you fail you can always go back to being an employee.

But being an entrepreneur is not a means to an end, it's a way of life. Failures are merely setbacks, not the end of an entrepreneurial life. An entrepreneur desires to create, as much as, if not more than, to have what is created.

In Sanskrit, upanishad means knowledge by which ignorance is destroyed. It's not for me to say that desiring to be an entrepreneur is better than desiring to do something entrepreneurial. But before you begin your journey, make sure you're not ignorant of the reason for your entrepreneurial desire.

This was taken from a larger article written by Jim Blasingame and the Brain Trust members from The Small Business Advocate Newsletter. Learn more at

Thursday, December 01, 2005


Stories of Giving

In just a few days Biz4Kids will be sending out the Winter Biz4Kids Biz Bulletin. I wanted to share the story below with you as well as a link to our "working" page - Go check it out


The holidays are right around the corner. Many people will celebrate with family and friends in their home like they do every year. A few people will not. Their traditions will have to be put on hold because of the hurricanes or other disasters.

Many families were dispersed when the hurricanes hit the Gulf Coast this fall. Their homes and their possessions were destroyed. Cities like Houston and Atlanta began to welcome the victims. We saw on TV only some of the outreach but Biz4Kids heard some very wonderful stories that were not on TV.

Biz4Kids started receiving “reports” of how young people were using business skills to raise money for the victims. Biz4Kids is very proud of their unselfish deeds and encourages others to follow their examples.

Thirteen year-old Tanner D. of Monroe, GA and four of his friends decided to help Hurricane Katrina survivors by having a neighborhood relief drive. In just two days they collected $1,875.00 and over 25 grocery carts full of food, diapers, toilet paper and other essential items. All was donated to The Salvation Army. Tanner said, “It was a great experience, people are awesome.”

Tanner’s mother, Tammy, added, “We appreciated the opportunity to have met so many kind and caring neighbors and are especially grateful for the lessons of life, compassion, and character that this project taught and reminded us of, it really does take a village.”

Heather B. wrote to us about how her three children sold cookies at a neighborhood yard sale to raise money. The money they raised went directly to an evacuated family who relocated to their area. Heather’s children – McKenzie age 10, Ethan age 8, and Patten age 7 - spent 5 hours working at their booth. Wow, talk about staying focused!

Please continue to share your stories with Biz4Kids! We love hearing from you and although we cannot publish everything, we’ll certainly try.

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