Apparently the good old lemonade stand has been made illegal! In fact worse than just getting shut down kids and their families are actually receiving fines if they are caught. Just when you thought there couldn't possibly be any more silly regulations to be enforced right? So how do you teach your kids about entrepreneurship if they can't put up a lemonade stand?

It is clear that with the way the economy is going and the changes we are seeing in the business world that the only way for you to truly equip your children to provide for themselves in the future and have the chance to live a really full life is to teach them entrepreneurship.

School obviously ill equips students to leave and open their own businesses, let alone even manage their own money. Unfortunately as we can see their isn't going to be much of a future, at least not a reliable one for those who simply graduate and plan on working for someone else until retirement. So a good start is to begin by teaching them about how to manage their money, how to save and how different types of investments work. You can start out simply by playing games like Monopoly and move up to using stock picking tools and simulators online. Give them a virtual account or an allowance and guide them on how to get the most out of it. Read more...