Smart Reasons to Save, Use and Invest Money

My Son Is A Young Entrepreneur

My son has been watching me blogging, and decided that he wanted to try to do the same, but in an area that interest him. His new blog is called Entertainment Timez and his blogging efforts along with other online activities now makes him a young entrepreneur!

While his blog is just a hobby, he noticed that I was doing some free SEO activities for other bloggers, but I was getting tired of doing it and planned on stopping.  He then offered to continue the service for $1.00 a week per blogger and so I presented his idea to the group that I was doing the activities for, and many of them decided to give him a chance with his service.

Entertainment Timez
Entertainment Timez

I realize that the other bloggers that have signed up for my son’s service are really just trying to help him have a taste of what it is like to be an entrepreneur, and for that I’m very grateful!

So you might be wondering how much he is making with his online service?

Currently, only $9 per week, so that comes to about $468 a year which is not too bad for an eleven year old.  His Goal is to make $20 a week, which would mean that he would make $1024 a year.  This is not very exciting for adults, but for an eleven year old to see that he can make over  $1000 a year would be a great confidence builder!  Who knows how far he’ll take it.

Personally, I’m excited about his entrepreneur activities because it means that I can now help him start a Roth IRA!  If you are wondering why starting a Roth IRA excites me, please read the article:  Starting Up A Roth IRA For Kids.  In this article it explains why I want to start a Roth IRA now that my son has earned income and why it’s a great idea for kids to have one.

I’m especially proud of his latest efforts,  because he is now including videos that his he created with friends.  He created the youtube account, copied the video up, and embedded the video into his post.  If you have time and want a quick laugh, check out The Stickman Show.  I think the video is pretty good considering that it was made by a bunch of eleven year olds.

Check out his site, and leave him a comment or two!

MR

 

Carnivals I participated in this past week or so:

34 Responses to My Son Is A Young Entrepreneur

  1. I think it’s awesome. If he wasn’t blogging, he’d be filling in any extra time with games or tv or something, so as long as he continues prioritizing school and his activities, I think online entrepreneurship is a perfect 3rd thing. 🙂

    • True, it does have value!

      But he still appreciated you putting your faith in him. It’s been a very positive experience for him!

      It help that I’m his backup too though. I’m sure he’ll have a few weeks where his schedule gets too busy…

  2. I think this is the 21st century version of the lemon aid stand. When I needed help designing my website, I found a 16 year old who had a company. To my surprise, he was too busy to take me on. Welcome to the 21st century!

    • Great analogy!

      I honestly didn’t think of that but it totally makes sense, at least for those that are savvy enough to setup a virtual lemonade (blogging) stand!

      I’ve been thinking of creating a webmaster/website design business and rolling some of the clients to him as he gets more experience.

      It’s a great world!

    • Yes, I don’t think I would do it at 11. Hopefully he sticks with it. I think he is more into the video part already…

    • For an 11 year old, he’s pretty responsible. He totally take care of his turtle without help for me. So he might be able to pull this off.

      However, since he is only 11, the odds are probably against him unless there is some additional reasons for him to do so.

      Still, I’m hoping the experience is a great one for him, and if he came make a few dollars by being clever, all the better 🙂

      Thanks for your support!!!

  3. I think this is great! One of the most important things to do is “think and earn”, in other words, generate income based on your ideas and creativity rather than pure effort. Yes, effort is part of generating ideas, but to me there is a big difference between working harder as opposed to thinking harder. Your son is on the road to being a business leader rather than a follower. Good stuff!

    • Thanks, and nicely said!

      I didn’t really put much thought into it, but he is basically doing what I remember learning in college. And that is recognizing opportunities and seizing them.

      While his business might only last a few year, it’s still a good start 🙂

  4. He really is exploring multiple money making avenues. I am currently trying to bribe my 3 year old to potty train. I have tried all kinds of tactics and so far the one he likes the most is getting quarters. I call it his gumb all money.

  5. I think it is so cool that he is so interested in starting a business! I don’t think I was ever really pushed when I was younger and I think you are doing him such a service

    • I hope so. It’s great exposure to being self-employed, and he’ll possible have a passive income stream if I convince him to invest the earnings from his job.