Finweek English Edition - - MONEY -

The tooth fairy or tooth mouse is a widely ac­cepted tra­di­tion and a fan­tas­tic op­por­tu­nity to teach our chil­dren fi­nan­cial skills. There is great variation in what we pay them for their teeth, but it’s not worth stress­ing about how much their friends are get­ting paid. Why? Be­cause kids are smarter than you think. When one of his teeth fell out, I hap­pened to find out that Jay­den told his friend: “I only get R10 per tooth, and you get R100. So how about you give my tooth to your tooth fairy, and we can split the R100 50/50 be­tween us?” To keep his en­tre­pre­neur­ial neu­rons fir­ing, we’ve de­cided to keep on pay­ing Jay­den R10 a tooth, just to see what creative money-mak­ing schemes he comes up with. Co­lette Sy­manowitz is Founder/ MD of www.MBA­con­, a so­cial net­work ex­clu­sively for MBAs from all busi­ness schools in South Africa and world­wide. To join, go to www.MBA­con­

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