—A Key to
By Phyllis Wheeler
Hannah Wheeler, homeschool graduate, shows off necklaces from her jewelry business.
Small business once formed the pathway to the American dream. That changed, and for fifty years the usual pathway has been “a
good job.” However, with today’s uncertain economy, things are changing again.
We need to be teaching our kids entrepreneurship skills. They may need them!
Deborah Lee of Saint Louis, Missouri,
is one homeschooling mom who takes
this idea very seriously. She and her husband Gary have been training their only
child, Adam, age 7, to manage his own
money, and they have big plans for his
“My hope for Adam is that he sees he
has choices, that he’s not bound to work
a W- 2 job unless he chooses to do that,”
Deborah said. “There are plenty of opportunities out there to bring in income.
You can look at what resources and
uniquely positioned to
learn more, try things
out in a protected setting,
and get some practice.
abilities you have, and how to put other
people to work alongside you.”
Adult entrepreneurs are the ones who
take the risk to envision and start a busi-
ness. Because the school systems gener-
ally don’t train kids to head in this direc-
tion, most teens never even consider the
possibility. However, homeschoolers are
uniquely positioned to learn more, try
things out in a protected setting, and get
An entrepreneur sees money as a tool.
Robert Kiyosaki in his landmark book
Rich Dad, Poor Dad explains that we
can either see money as something that
flows through our hands for purchasing
things, or we can see it as something to
save to create assets, including businesses, that will themselves produce income.
Gather together enough assets, and your
assets can support you—giving you the
best asset of all, more time to do what
Deborah uses Kiyosaki’s board game
to teach these concepts to Adam, a game
called Cash Flow for Kids. “It teaches
about having a balance sheet, assets and
liabilities, and different ways of bringing
money in—investment, real estate, having a business.” Because it uses pictures
rather than words, young children can