SO, WHAT’S THE TAKEAWAY?
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.MBAconnect.net, a social network exclusively for MBAs from all business schools in South Africa and worldwide. To join, go to www.MBAconnect.net.