Well this weekend I help my first garage sale. Now growing up my family did a garage sale every here. I didn't realize how much work it was. Having to get everything out and price your stuff. The end results was so so. I wasn't able to get rid of some of the bigger items we owned. We did sell one item which was nice.
My kids made out like bandits selling lemon aid. The made something like $30. Now they had a fun time make lemon aid and pouring it for their customers.
What I plan to teach them from this how to save and how to invest. From the roughly $80 we made I will give them both $40 and from that $20 will be free for them to buy anything they want and the other $20 each will be for savings. We are going to take these $20 and add it to there existing saving and invest it into a M1 pie for each of them. From there we will talk about that we are buying a piece of a company. They will get the choice to pick companies and index fund and see how there money grows.
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