How This Teacher Helps Teens Launch Real Businesses from the Classroom | Rob Phelan

Jul 25, 2025

Join personal finance teacher Rob Phelan, who empowers teens to launch real businesses from the classroom. He shares his own entrepreneurial journey and the importance of shifting from a time-based income to building a business. Rob offers practical strategies for brainstorming and validating business ideas, emphasizing creativity and collaboration among students. Discover how business education enhances financial literacy, and learn about unique side hustle ideas students have created, transforming passions into profits.

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ANECDOTE

Rob's Early Hustle Beginnings

Rob Phelan started entrepreneurial activities as a child with bottle collecting and pinata making.
His parents encouraged earning money independently, fueling his lifelong entrepreneurial spirit.

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INSIGHT

Time Limits Income Ceiling

Time-based income has a natural ceiling due to limited hours.
Entrepreneurship offers potentially unlimited income by creating your own money sources.

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ADVICE

Design Hustles Around Time

Start businesses based on the time you want to dedicate, not just ideas.
Align side hustles to fit your lifestyle to avoid sacrificing important aspects like social life.

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Empowering Youth Through Entrepreneurship

02:22 • 16min

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Empowering Teens to Innovate and Launch Business Ideas

18:35 • 3min

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Empowering Young Entrepreneurs

22:01 • 9min

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Innovative Student Side Hustles

30:35 • 5min

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Empowering Teens Through Financial Literacy

35:50 • 11min

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Empowering Young Entrepreneurs in the Classroom

46:57 • 2min

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#12

• Mentioned in 283 episodes

Rich Dad Poor Dad

What the Rich Teach Their Kids about Money - That the Poor and the Middle Class Do Not

C.P.A. Sharon L. Lechter

Robert Kiyosaki

The book tells the story of Robert Kiyosaki's two fathers: his 'poor dad,' a highly educated but fiscally poor man, and his 'rich dad,' the father of his best friend who was a successful entrepreneur. It emphasizes the importance of financial education, distinguishing between assets and liabilities, and building wealth through investing in assets such as real estate and businesses. Kiyosaki argues that a good education and a secure job are not guarantees for financial success and provides practical lessons on how to make money work for you rather than working for money.

#513 What if we taught teens to build businesses before they ever needed a job? In this inspiring episode hosted by Kirsten Tyrrel, personal finance teacher Rob Phelan shares how he's helping the next generation launch real, revenue-generating businesses — right from the classroom. Rob dives into his own entrepreneurial journey, why time-based income has a ceiling, and how Teachers Pay Teachers became his favorite passive income stream. He breaks down a step-by-step approach to helping teens (and adults) brainstorm, validate, and launch side hustles that align with their passions and schedules. Whether you're raising a young entrepreneur or looking to spark one in yourself, this episode is packed with real strategies, relatable stories, and resources to help you turn ideas into income!

What we discuss with Rob:

+ Rob’s childhood hustle beginnings

+ Teaching teens to earn income

+ Transition from tutoring to TPT

+ Time vs. money mindset shift

+ Building flexible, low-cost businesses

+ Teen entrepreneurship brainstorm method

+ Validating ideas through real feedback

+ Using business to teach personal finance

+ Profit First model for students

+ TPT as a passive income stream

Thank you, Rob!

Check out The Financial Independence Educator at FIEducator.com.

Get the free 90-Day Personal Finance Curriculum Pacing Guide.

Get The Simple StartUp Workbook.

Get The Simple StartUp Course.

Get The Real Business Project.

Check out ⁠Rob's TPT store⁠.

Follow Rob on Facebook, Instagram, and YouTube.

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