Become The Example Entrepreneur For Your Kids
Restored from the Empower Network archive (2011–2017), lightly edited to meet our current advertising standards. Views are the original author’s.
Young or old I believe this online work from home, network marketing industry is paving a way for our kids and generations to come…but only if we take responsibility and become the example entrepreneur.
I enjoyed creating the short video, brought back memories of our ‘one and only’ son, Jason!
From the day he was born, even though I never realized where I would be today or that I would even be writing about being an entrepreneur and to become the example entrepreneur for our kids, we are very proud parents for many reasons.
By the way, this is the same little boy that sparked that first turning point in my life when he asked me…. “Mom, when will we see dad in the sun“!
You know, even when we don’t think they are listening, they really are!
Yes, our kids listen to you as a mom, dad or as parents. And when they are young they focus in on what we say or do. We set examples whether you are aware of it or not. Before our son was born, I would read to him almost every day. And then when he started talking he still enjoyed reading. We believe this actually helped him be an honor roll student all through school and even his 2 years of college.
But there is more to this story….
Not only are we proud parents because we taught him things about money, saving and investing but because of my 22+ years in the real estate lending industry, he also learned how important having good credit.
In June he turns 22 years old…wow, time flys!
And so today he skyped message me saying that he put down a deposit for an apartment, as he had been apartment hunting for a couple of months. He told me that the rental office pulled his credit report. Now just a year ago he tried to get a loan to buy his motorcycle with the bank he has his checking account with. They pulled his credit and said he ‘had no credit’ and couldn’t help him.
So he saved and paid CASH for his motorcycle. That was a proud moment for us.
But today, even more proud when he told us that his credit score is 751! For a kid that had no credit a year ago, he took my advice and got a credit card with a very low balance. I told him to go buy something! He bought some clothes and things. And then I recommended that he make payments for a couple of months. Which he did.
Setting the example and helping our kids to be responsible not only about money, but to be aware that they have a responsibility to themselves that neither me or my husband could help him when it came down to ‘being on his own.’
It’s one of those days that as a parent you feel proud, happy and grateful to know that your kids were listening, learning and becoming the responsible adults you hope they will become.
Now of course our son isn’t perfect. But experiencing little things like that just makes my heart smile!
How about you? How have you become the example entrepreneur for your kids and how is it reflecting in what they are doing today? …Share your comments below.
My purpose, intention and hope that someday all future generations will become more aware of what being an entrepreneur is and that they have choices. They can choose to be that successful entrepreneur rather than fitting into what society puts onto our children as they grow up in school. I look forward to contributing to this industry and being part of bringing that awareness to everyone. Our kids deserve it!
Lynn so timely for me..our baby is just weeks away and yes I look forward to being an example to our son that there are no limits in this life, that fear should be faces and that we are in control of our destiny. I appreciate you Lynn and you should be so proud of that very “strapping’ son of yours HE”S TAAALL!! Love and Light my friend – Trina G
Well congrats to you Trina and your new son on the way! How exciting. Yes you are going to be a great role model, I only wished I had known sooner, but things all happen for a reason. Yes our son is pretty tall, and we are not tall people, so not sure where he got that from! Thank you so much for sharing your thoughts.
Nice to meet your son Jason and his success story! I am sure he is really proud of you. Thanks for sharing!
Thanks Pedro! It was fun to do the video, brings back so many wonderful memories and yes, a feeling of pride. Appreciate you sharing your comments.
That’s Awesome Lynn!
Showing our kids the way of the entrepreneur makes a big difference!
Absolutely Nestor and glad to share how we as parents can play a huge role for our kids. Thank you for your comments.
Great Post… However, the best way to establish credit with have to be in debt is to use your credit card as a debit card…. don’t buy using the credit card unless you have money in the bank and they pay the credit card each week. That way you get credit and no debt. I think Paul Hutchings on the think and grow rich call is a great example of what he is doing with his children… list to the call at 9am weekdays if you don’t already. Hae a magnificent day
Hey Bill thank you for your comments. Yes there are many ways to establish credit and I should know after being in the real estate lending industry for almost 23 years, lol. Our son had a debit card as well, but it is the credit card with limited activity that over a short period of time that is key for getting better scores. And love Paul Hutchings as well. Appreciate your input!
Love love love this post!! Thanks Lynn <3 Oh my do they grow too fast and the memories. my oldest will be 26 this year but Jackie the youngest of 8 in a blended family is 5 and since she is always with me so much of what I do she is now doing and loves doing videos hehehe especially popping into hangouts mommy is on.. She will be so far ahead by the time she gets to that age… I love how we can be the teachers and watch as they do 🙂
Great post, I really enjoyed both your video and post!! I have 2 young boys and always share things that I’ve learned and done especially online. I want them to know what is available to them. We’ve taken them to several EN events and they love it.
Thanks for sharing Lynn 🙂
i love this! i believe we need to teach kids how to be an entrepreneur since school do not teach kids this