))
Teaching Kids Money Skills: Slime and a $40 Business Loan
Manage episode 489465275 series 3661541
Content provided by Fetch & Rascal. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Fetch & Rascal or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Ever thought about giving your kid a business loan? We did!
On our journey to financial independence, we want our kids to build confidence and real-world money skills early. So when our daughter pitched a plan for a slime business to sell to classmates, we decided to back it — with a $40 private loan from the family’s own “Homegrown Lending Department.”
In this episode, we cover:
• How we set up a simple loan contract with clear terms
• The social boundaries our kid navigated selling to peers
• How she's learning to track income, costs, and profit
• Why we believe kids' financial literacy is worth the mess and small risks
If you’re a parent dreaming of financially savvy kids — or just curious how to spark entrepreneurial thinking at home — this episode will make you smile and maybe inspire your own kitchen table startup.
Check out our Resource Doc:
And our IG account @tryingforfi
10 episodes
Share
