This document describes a program called Life "SIM" that aims to teach children basic financial literacy skills at a young age through simulated work and business projects. It discusses introducing allowances tied to chores, teaching kids to save, spend and share portions of money, and setting savings goals. The program involves a day simulation where kids receive job assignments and time cards to understand basic concepts of work. The goal is to help kids develop entrepreneurial and financial skills at a young age to set them up for future success in managing money and potential business ventures.

1. MODELINGYOURCraft(wealth)TOYOUR
KIDS
BY
Promoting Children’s Finance
Literacy and Investment

2. ABOUTWEALTHYKIDS.ORG
Wealthykids.org is a Private Equity Trust
organization founded in 2012
Offers personal financial education and
assistance with money, credit, and debt
management through educational programs
and confidential counseling.

3. About
POWERED BY GOD!!!!!!!!!

4. INTRODUCTION
"Children and teenagers should begin
learning basic financial skills as early as
possible. Indeed, in many respects,
improving basic financial education at the
elementary and secondary school level is
essential to providing a foundation for
financial literacy that can help prevent
younger people from making poor financial
decisions that can take years to overcome."
-Retired Federal Reserve Chairman Alan Greenspan

5. PARAPHRASE
"Children and teenagers should begin
MODELING YOUR entrepreneurial skills as
early as possible. Indeed, in many respects,
improving entrepreneurial education at the
elementary and secondary school level is
essential to providing a foundation for
entrepreneurial literacy that can help create
younger business owner that can create
business investors for years to come."
- Shaana D Ramos, CEO of Wealthykids.org

6. Grades k through 5
Your window of Opportunity for Entrepreneurial Lessons
● No preconceived notions about what they can learn.
● By kindergarten children are already experienced in
spending their parents' and their own money.
● They are already consumers.
● Primary spending:Kids spend $10 billion and climbing
● Influenced spending:(parent urged) $250 Billion and
climbing

7. Grades K through 5 cont:
●Marketers target children as young as 18
months
●Spending habits are already set by high
school,even middle age.
●Credit card companies, having saturated
the college market, are now going after
young teens and "tweens" (ages 8-12)

8. Modeling YOUR skills to Your children
1. Examine your own attitudes about business
modeling
2. Involve your child in business planning
3. Give your child an internship and let him/her
be in charge of implementing it
4. Expect your child to contribute in your
business endeavors
5. Provide extra income opportunities
6. Teach your child to save regularly
7. Help your child discover the satisfaction of
sharing

9. Contin:
8. Show your child how to be a wise
consumer.
9. Teach your child a healthy attitude toward
credit.
10. Teach your child the VALUE OF WISE
INVESTMENTS!

10. THREE MILESTONE STAGES
Any four year old can tell you where money
comes from-the ATM, of course. But once
kids learn that money buys candy and toys,
many begin collecting every nickel.
Exposing children early to the everyday
realities of earning money and managing the
family's budget can help shape how they
feel about money throughout their lives.
The key is to keep it simple in the beginning
and provide more details as you go along.

11. By Grade 4
● Identify the different types and
denominations of money.
● Know about checks and ATM cards-and that
you must have money in your account to use
them.
● Understand the concept of borrowing money
and paying it back.
● compare the advantages and disadvantages
of keeping their savings in a piggy bank,
credit union, or with their parents.

12. By Grade 8
●Make a short or intermediate financial
goal for themselves.
●Identify examples of taxes on income,
goods and services
●Calculate simple interest (math teachers
come in handy here, too).
●Develop and revise a budget

13. By Grade 12
● Complete simple income tax forms
● Reconcile a checking account statement
● Compare risks and returns on various
savings and investment options.
● Understand how creditors use credit reports.
● Compare Annual Percentage rates (APRs).
● Identify the balance owed, the grace period
and due date on a credit card statement

14. INTRODUCTION TO THE BIZ
"SIM" PROGRAM
How to set up a investment internship program
1. Provide your child with the tools to invest. They must
have a resource of money, preferably earned, that
enables them to have money of their own to create
business opportunity through project
creation/investment
o The Life "SIM" class is designed to teach kids how to
earn, save, share and bank "play" money before
using real exchange
2. Provide the proper environment where a child can
safely keep the money saved. This can be a piggy bank
or a toy safe or a savings account

15. Contin:
2a. The BIZ "SIM" program is structured to
teach children how to develop finance literacy
before moving forward with money so it is a
safe environment to learn the principles of
banking and finance.
3. Monitor the activity and provide
encouragement. Set goals and then reward
your child with praise for successfully saving
the money.
oThe BIZ "SIM" program has a built in
reward system for all completed tasks

16. Contin:
When/If I should start my child on an allowance?
1. Can I afford to pay my child a weekly allowance?
2. Is my child old enough to begin learning about money
and responsibility?
3. What household chores do I want to tie to the payment
of an allowance?
o The answer is yes! Through the Life "SIM" program
you can create an allowance opportunity before you
begin giving money through play!

17. Savings, Spending, Sharing
1. Saving some portion of the allowance needs to be
allotted for short-term and long-term saving.
2. Spending, depending on the budget you develop with
your child, at any age, there needs to be some money
that is the child's fund to spend as he/she wishes.
o The Life "SIM" program has a budget plan prepared
for you to teach the kids how to create their own
budget with their "Spendstore" money. With the
principles of SSS

18. How to choose chores
1.Jot down your child's current chores
2.Think about extra duties you feel he/she
could handle
3.Allow your child to choose
4.Have two or three mandatory chores
5.Have your child pick one
oThe Life "SIM" is an ongoing program to
teach community responsibility through
recycling as well as a Three day commitment
to complete the course. This for character
building as well.

19. Business projects that help create
future
The BIZ "SIM" is LIFE program is a day's
work simulation in which the children receive
an assignment, a name badge, a time card
and other materials to complete their work
assignment for the day's pay. This to foster
a work ethic as well as obtain spending
money to "Save, Spend and Share" in class.

20. JOIN US!!
The Life "SIM" project is goaled at developing
financial and entrepreneurially sound students
to prepare them to begin to use the tools
founded to create entrepreneur intern
investment accounts with our investing partners
and finance educators. You as Custodial care
parent's guide you children through these
successes as account guardians. This program
has been made possible by our sponsors and
membership investors. Give your child a future.

21. Getting Kids Hooked On
Finances
This program has been provided by Sarah
Associates Now known as SARAHWEALTH,
Founder of
Thank you for coming and remember,
WELLS SPRING LIFE!!!!