Think About Earning Money As A Teenager
Most of us came to senses with an empty knowledge about money. We tend to see our parents how they managed their finances, and in most cases, acquire their practices or behavior or tend to do the opposite in contrast.
If you know someone or get the chance to talk to teenagers, grab the chance to share them the value of finances and teach them skills that are useful for their living.
On the other hand, most teems are getting a part-time job while in high school. This may not be bad, and they might learn a sense of accountability and professionalism in doing such, yet it’s not a guarantee that all can learn such values.
Indeed, it ain’t easy to begin venturing a business especially when you’re experience isn’t ripe yet. However, starting a business in a distinct manner of mentality. In fact, the owner of one of the most thriving property maintenance company initially ventured his business at the age of 13. Some of his peers had their minds on video games and teen stuff, although he owns one before the others do.
So, instead of doing a paper route to get a few pennies, he decided to sign up for several paper routes and told the kids to deliver it for him. As a return, the first one who completes the delivery and gets back to his house will be rewarded to use his video game system for the first hour. It turns out that everyone had their chance to play by delivering the paper within approximately 30 minutes, wherein he’s been paid for every route.
Benefits Of Being A Young Entrepreneur
Almost all teen jobs do not offer chances for a corporate move up while starting your own business can yield infinite potential. At the start, a teen may assess their abilities and strengths, possible target market, and may design a projection that might work. They will have to scrutinize on ways that can promote their product or service and may start to consider perimeters and scales. This due to the fact that marketing is important in business. They may learn how to execute the word through research, people’s tongues, and on the internet.
Moreover, making sure that your clients are satisfied and happy is crucial. However, this can be learned through experience as they deal with complaints and pacify their clients while moving towards improving their business via customer’s suggestions and objection. This means, that aside from the money they’re getting, the values that they can acquire along the way are far more significant. Significantly, learning on how they can use their skill and resources can even help them fund for post-secondary education.
Through their experience, they will be able to grasp the true essence of ownership, which can be a useful tool as to any job that they might favor later on in their life. Apart from it, they may also develop the attitude to take the risk and recover from failure when faced with challenges.
Significantly, getting into business can potentially develop their sense of focusing on priorities. They may learn that their profit and capital can either be used to spend on unnecessary things or used it to compensate for additional resources that might help their business grow even more. So, if your teen is trying to open up in seeking for a job, you might talk to them and share the options that they can explore so as not to limit their potential and make the most out of their skills.
CONSUMER PROPOSAL EXAMPLE
Example Unsecured Debts
|2||Credit card 1||$6,812|
Your Monthly Repayments Would Be
a Consumer proposal $748
(total contractual repayments)
a Consumer proposal $295
(total contractual repayments)
* Subject to creditor acceptance
* Payment subject to individual circumstances
* Credit rating may be affected
* Fees apply, subject to individual's circumstances.