SCOTT’S TIPS FOR THE KIDS

STEP ONE: EARN SOME MONEY

Money comes from working! If you want cool stuff – and you don’t want to wait around for Christmas or your birthday – you’re going to have to work for it. Plus, doing jobs and earning money is lots of fun! We’re going to start small and earn some quick money.

How? By getting your parents to pay you to do three simple jobs around your house.

STEP 2: STASH YOUR CASH

When you get paid, you’re going to divide your money into three money buckets.

● SPLURGE: Everyday spending – little things

● SAVE: Savings goals – big things worth working for

● GIVE: Make people smile – acts of kindness

● RULE: Each bucket gets some money every payday.

When you get a bit older you’ll graduate from using jam jars or envelopes to having your own bank account.

STEP 3: BE A BAREFOOT BOSS

This step is the one that everyone gets excited about. You’re going to do something really cool: start your very own business!

First up, you need an awesome business idea and in my book I’m going to help you find one that you can make your very own.

My first business idea was a disaster! Just ask my Dad. Yet I didn’t quit. I just shook it off and tried something else … can you imagine if I’d chucked a tanty and given up?

There are two reasons why you should not be scared of failure.

First, dreaming up the idea and planning it all is what everyone agrees is the most exciting part!

Second, you have a head start on other kids.

STEP 4: GET WHAT YOU WANT

First, you’re going to dream up one big goal … something you really want: A bike? A boat? A puppy?

Whatever you decide on (and I’ve got loads of ideas to help you decide), I will show you how you can turbocharge your savings and reach your goal quicker than you ever thought possible!

STEP 5: MAKE SOMEONE SMILE

The fastest way to feel good is to help other people.

The stuff you buy doesn’t make you happy. Helping people makes you happy.

Once you open your hand and start giving, you’ll find it hard to stop.

You do one small act for someone and then they do something for another person and everyone feels good. You feel good when you do good things for other people. Now you’re going to use the money in your GIVE bucket to start your own ripple of kindness.

Kindness is a super power.

STEP 6: GROW YOUR MONEY

Our final step is a very special one: I’m going to show you how to grow your money. Some adults think this step is about ”magic” … but it’s really just about being smart with your money. I’ll let you into a secret: Growing your money is like any other skill you can learn.

You grow your money by setting up an investing app on your parents’ phone. The investing app invests in shares of huge businesses, and they pay you money when they make money.

Your money actually works for you while you’re sleeping! This is how your money grows over the years. And that’s how you get what you want!