How To Teach A 3-Year-Old Investment Strategies

If you want to teach your kids how to invest their money, helping them start their own business is a great way to do it.

Step 1: Making the plan

As parents we are goofy, silly, and spontaneous, but we try to emphasis the importance of making a plan. We planned out our day and then my daughter helped draw pictures of each step.


Step 2: Taking out a loan

This step was key. I wanted my daughter to see the money coming out of our bank account. She told the cashier how much money we needed (in $1 bills), then we counted the money out together. We talked about how we were borrowing the money and we would need to give it back.


Step 3: Buying supplies

As we collected our supplies, we would stop periodically to count our money (just the $1 bills). I wanted her to see the money we borrowed was slowly dwindling.


Step 4: All the hard work

We squeezed a whole lot of lemons and limes. Add some sugar, water, and a sprig of rosemary (let it sit overnight) and we were set to go.


Step 5: Selling in the shade

The next day we set up our stand and put the cuteness factor to the test. Due to state regulations, we needed to do a suggested tip instead of an actual cost. Thankfully no one took advantage of that and kept to our suggested tip.


Step 6: Paying back our loan

After we were done for the day, we went straight to the bank to repay our loan. It worked out perfectly. My daughter was a little sad, so we were able to talk about how we borrowed the money and now we were returning it. In the end she understood, but the reality hurt a little.



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