Nigerian Children Could Make Money If Only Parents Teach Them These Things

Kids generally love to ask for favors – toys, and any other indulgences. Do not see that as a problem rather see such moments as an opportunity to teach your future millionaire a thing or two about the cost associated with such requests. Tell your kid gently that you cannot afford to buy such now and let your kid know that it is okay to be turned down.

At other times, however, pick one instead of two and let your kid know that you could only afford one, and you would come to get the other when you make or earn enough money to provide what the kid wants.
Your selective refusal to grant such requests for gifts would eventually send the message that there is a cost associated with things and you need money to offset such costs.

This move builds determination in kids; it helps them want to know what it takes to be financially independent. Your child would want to make his/her own money to satisfy the desire for toys.

Ever wondered when kids genuinely get to understand what money is and used for? My nineteen months old daughter understands money – I taught her from an earlier age; she sees me taking money and exchanging it for items we buy from the grocery stores around us. My daughters learned to pick what they needed at the store then move to the check out point, wait in queue for their turn, and pay for the items picked.

Take your kids to go shopping; but ensure to prepare them for the experience, you could ask them to get some money from their savings if you must. Whatever you do, ensure to tell them that they are going to the store, and payment is the item you exchange for whatever they would pick at the store.

Financial experts all agree that saving is one of the building blocks of building wealth. A lot of people find it hard to save; some due to their poor finances, and others because they were not taught how to save.
So, teaching your kids how to save is a major legacy you would have bequeathed on the child.

The key to teaching a child to save is to teach them to learn that delayed gratification is excellent. Intentionally hold back on buying things they want, tell them that you do not have money – It is essential to teach children at this age that they may have to wait at times for what they want.

Here is a straightforward but effective method of teaching them how to save:

Make three glass jars available – each labeled “SPEND,” “SAVE,” and “SHARE.” Every time you give your child money or the child receives money, whether from family members or as payout for doing chores around the house like arranging toys, etc.

Divide the money into three equal parts and put them into the jars. Have him or her use the sharing jar for things to be bought and shared with siblings, family, or as an outright gift for someone else. Let the child use the spending jar for items craved for.

Whenever your child requests for something, use the money in the spending jar and let him or her take note of the amount left for spending. The savings jar should only go for items that are set as goals: something costly, especially toys.

This is tricky – We mostly wish our kids have the talents we do not have but wish we did. So we send them for training to acquire those talents we want them to have. The downside to this is that the child grows up insecure, wanting to please people but never achieving anything significant – mostly.

So How Can You Identify Your Child’s Own Talent?

The answer is simple – Be patient and watch for what your child loves doing, what activities take his or her time, and once you find out, do not try to interfere immediately, set them free.

Once your child is persistent on certain activities, give lots of time for the child to self-learn. You could help nurture by sending the kid to a school or a coach that could help in systematically developing your child’s talent.

Children often have things done for them. Unfortunately, most kids grow up believing that other people would always get things done for them; they grow up with maids at their beck and call and all they need to do is cry to seek for attention.

As a parent, you must teach your child that there are dignity and a lot of reward in getting work done. Make them tidy up after they mess up the room, and at certain times, reward them once they clean up after themselves.

It is best practice to teach your kids early in life that if they want to feel loved, they first must give love. Teach them to treat others the same way that they would want to be treated.

In life, there is always that one person other people treat badly, someone bullied, someone looked down on. Getting your child to identify such people and be charitable towards them is a great value to teach your kids. Empathy is an art that must be learned. Teach your kids early in life and that would surely open the right doors when needed.

Get your child to find ways of spending the “Share” Jar appropriately.

Everyone out there is gifted a talent or the other by the creator. Of what use is the talent if not monetized?

As a parent, your task is not complete if you do not know how to teach your kids to monetize their talents.

Suggested Reading – How To Start A Blog and Make Lots of Money in Nigeria

You don’t always have to be first. Sometimes all you have to do is be the last person still trying. When learning to walk, children often fall, they cry but they still get up and try anyway.

So why should life be different? People tend to bring down a child that does not excel academically as others are. Please do not fall into this trap as a parent; take a look around you, and you would actually see that true success does not always come from academic excellence. Teach your child to stand up fighting always – no matter how hard or how many times life deals a bad blow.