Published On: Thu, Jun 9th, 2016

How My Kids Make $50-$1,000 per Hour

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Whoa, I had no idea kids could make this kind of money! This is such an interesting way to save for college, too!Does the idea of providing for your children’s expenses keep you up at night? It doesn’t have to. Kids are capable of earning money even at young ages.  I’ll tell you how mine got started. I love telling the story of how my oldest daughter wanted to go see a friend in Oklahoma when she was 6 years old. At the time, I wasn’t working much and I was really tempted to tell her, ” We don’t have the money for that now.” Instead, another idea came to me. I told her she could go if she came up with the money for her plane ticket. Surprisingly, she was OK with that. I guess at 6, you kind of roll with the punches. Anyway, we prayed together that God would make a way for the money to come in for her plane ticket.

A few weeks after praying and dedicating a special offering to this desire at church, she got a call from her acting agent. She had an audition for a major retailer to be in a national TV commercial. Long story short- she booked the job! She was paid a session fee and a nice residual each time the commercial aired. After all was said and done, she made about $8,000 for around 8 hours of work. Yep, she also got her plane ticket and so much more! She’s since gone on to do more work in other commercials for both TV and radio, effectively making her hourly rate as high as $1,000 per hour at times. Her reputation of professionalism actually opened doors for her younger sister who has been raking in similar rates as well.

Related: Free eCourse- How to Get Your Child Started in Acting and Entertainment 

If you don’t feel like your child is a good fit for the acting industry, no worries. I recently wrote a post on how to get your elementary student scholarship ready. You don’t have to wait until high school to start applying for scholarships. There are tons of “essay contests” for elementary students that have payouts that are comparable to the number I mentioned above. Both my 11 and 7 year old children have already started to enter essay and drawing contests to get a head start on banking their college funds. Use your Google querying skills to look up scholarships and essay contests on the national, state and local level for various grade levels. If, alas, you don’t think your child will want money for college, then there are other business ideas and tasks they can do to make money. Here’s another post on ways kids can make money without a job.

Lastly, once the money starts flowing in (it will if you are intentional about it), make sure that you are proactive about training your children to use their money properly: investing. That’s right, investing allows them to take their money and make even more money. Think about Warren Buffets who’s assets increase by the millions each day. One estimate places his daily earnings at $37 million or about $4.6 million per hour for an average work day.

I hope this story inspires you to start thinking of ways your child can make money. Any ideas so far?

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Aja McClanahan

Aja “A.J.” McClanahan is a writer, speaker and entrepreneur.

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Source: Principles of Increase

Aja McClanahan

Certified Salesforce.com Developer, Writer & Udemy Instructor at Principles of Increase
CRM and database administration for sales & marketing organizations or departments. My clients have included mainly small businesses and non profit organizations.

Specialties: technology & sales consulting, CRM deployment, salesforce.com, content management, brand development, general sales & marketing, social media and interactive marketing.

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About the Author

- CRM and database administration for sales & marketing organizations or departments. My clients have included mainly small businesses and non profit organizations. Specialties: technology & sales consulting, CRM deployment, salesforce.com, content management, brand development, general sales & marketing, social media and interactive marketing.

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African Americans are significantly more likely to have some type of debt (94%) compared with the general population (82%). Credit card debt, student loan debt, and personal loans are all significantly higher in the African American community.

Source: Prudential’s 2013 "African American Financial Experience" study