Now if you are reading this blog because you want to start a business alongside your daughter - you are going to love this post! This is the second year of the Mom Grows a Business Conference and I … [Read more...]
Developing the entrepreneurial mindset in girls
By Malla
Now if you are reading this blog because you want to start a business alongside your daughter - you are going to love this post! This is the second year of the Mom Grows a Business Conference and I … [Read more...]
Short answer: your daughter needs a financial diary so that she can learn how she spends her money.
Long story: My daughter took a field trip with her summer camp. The camp provided hot dogs, hamburgers and soda. Plus they were buying all of the materials that she needed for the experience. And they were even providing snacks before they returned home.
I gave her five dollars. We had a long conversation that the money was only to be spent on emergencies. We talked about what emergencies are. Why she might have to spend the money. And the importance of keeping it in a safe space.
If you are a parent, you know how the story ends. She spent all the money.
I wasn’t surprised that she spent the money. But if I’m honest, I was frustrated. Frustrated because she couldn’t remember where she spent the money.
I know what it is like to be a young girl. I get that feeling of the money is “burning a hole” in my pocket. But as her Mom – and someone who wants young people to take ownership – I realized it was a good teaching moment. I wanted to share a life lesson that my Mom had taught me–how to keep a financial diary..
[Read More…]I read about a contest recently that I thought was an amazing idea. The Secret Millionaires Club is asking young people ages 7 to 16 to pitch a business idea in exchange for the chance to win 5k and the chance to meet Warren Buffett. Now your young daughter may not be familiar with Mr […]
It’s not easy to start a business. But smart entrepreneurs know you need to ask questions. Our most recent interviewee, Janiah, started with a powerful question of “What If?”. You don’t want to miss this most recent Mom & Daughters Inc interview. We filmed before the 2020 Black Lives Matter protests took the national and […]
My business is an online store that is full of homemade slime that helps kids calm down. It’s great for kids when they stress or have anxiety and they can play with it for hours!