Make Your Kids Millionaires by Loral Langemeier

Author:Loral Langemeier
Language: eng
Format: epub
Publisher: McGraw Hill LLC
Published: 2022-05-15T00:00:00+00:00

Bryce’s Apricot Epiphany

Bryce beamed with excitement. His young eyebrows rose to meet his blond locks and his eyes seemed to double in size. His seven-year-old mind raced nearly visibly with the possibilities of what he could do with his potential bounty. His father had just made an unusually lucrative proposal and promised him 5 cents per apricot pit that he picked up, and the yard was riddled with hundreds of them. To his mind it must have seemed like a field of gold nuggets. The contract had nary been set when he sprinted into action and began filling the bucket he had been provided. Only four handfuls into the endeavor, however, his fervor quickly turned to horror. His three-year-old brother, Bret, had just sauntered outside. Though Bret wasn’t part of the agreement, sensing his brother’s exhilaration, he had quickly grabbed his own bucket and was filling it with pits. Bryce recognized that his fortune was swiftly becoming half a fortune and pleaded angrily for his brother to stop. But it was too late. Bret was biologically compelled to follow his brother’s lead.

As his father watched Bryce loom angrily over his younger brother, he knew he needed to act quickly to avoid bedlam between his children and to salvage the teachable moment. He called Bryce over and explained how, far from being a travesty, this incident was actually a lucky break. “Since my agreement for picking up pits was only with you, what if you were to hire your brother to help you pick up the apricot pits? You could pay him 2 cents per pit, and I would still pay you 5 cents per pit. Although you would make a little less, if you team up you can finish the job much more quickly, and while he is working you would be getting paid 3 cents for just being a good leader and teaching him. This way, you can both win!” Bryce’s anger began to melt into a wide and approving smile as he contemplated the seven-year-old version of leadership and passive income. For better or worse, an entrepreneur was born.

As we mentioned in the first chapter, the money lessons you try to teach your children don’t always work out the way you intend. Sometimes that can be for the best. Kyle thought he would take advantage of a yard full of apricot pits to teach Bryce about the value of hard work and how to earn money through what are today commonly referred to as “side hustles.” Instead, the moment quickly pivoted to an entirely different learning point when Bryce’s brother Bret decided to enter the picture. Kyle ended up teaching Bryce how to use teamwork, and more important, how to lead that team to complete a mission and make money. Bryce also learned a bit about the idea of passive income since he no longer had to be the one doing all the work. By taking advantage of the circumstances and rolling with the situation, Kyle was able

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.