How to Help Your Kid Earn Money
As parents, one of the best things we can do is nurture an entrepreneurial spirit in our children. If our children can learn to create their own jobs through their ingenuity, hopefully in the future they will never be without a job because they can always create their own business.
In addition, as your children make money, you can teach them to manage it. A savvy teen who has earned some money can begin to invest in a Roth IRA and secure his retirement future at an early age (perhaps with a little matching incentive from mom and dad).
There are plenty of ways you can help your child find a job he loves. Here are some ways your child might be able to make money:
Yes, it is true, your child can make money playing video games. If he is a whiz at video games, he could make money teaching others how to play to win. That is not all, though. He can hunt garage sales for old gaming systems and sell them on eBay. He could also enter to win board game competitions such as Monopoly or Scrabble competitions.
If your child loves computers and is a computer whiz, she could make a good living creating websites for others. She might consider building a website cheaply for someone you know or a local business that needs help. Then, ask for references from that client, and she will likely be on her way to a good part-time living as people are always looking for good web developers.
Is your child a bookworm who does well in school? He could offer a tutoring service either for younger kids or kids in school with him. Math and science are subject areas that can earn tutors a good deal of money because so many people need help with those subjects.
If your child is a pet lover, she could make a nice income taking dogs for walks. Busy professionals may be gone from their homes for 10 or more hours, so they may hire someone to walk Fido sometime during the day.
Pet Sitting/House Sitting.
If you live in a busy suburb, your child could make money pet sitting and/or house sitting, especially during the summer and Christmas holidays when many people go on vacation. While this probably won’t be his only source of income, it could be a good supplement.
Doing Tasks on a Virtual Site.
Your child could sign up for a site like Fiverr or Task Rabbit and do odd and end jobs that other people may need. Of course, this job is probably best suited to older teens or college students.
If you can teach your child to create his own jobs, so to speak, you will put him in a good position to earn money for the rest of his life. In addition, many of these jobs are flexible enough that he could continue to do them throughout college while maintaining a flexible schedule.
This post was written by Kyle Taylor. Kyle writes about how to make extra money at www.ThePennyHoarder.com. Check out his blog for hundreds of weird ideas!