TED Business 5 parenting tips for raising self-reliant kids | Tameka Montgomery
Jun 24, 2024
Mother and business owner Tameka Montgomery discusses raising self-reliant kids through an entrepreneurial mindset, emphasizing problem-solving skills and adaptability. Practical tips include avoiding overindulgence, implementing 'Daddy Dollars', and promoting financial independence.
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No Allowance, Earn Spending Money
- Don't give children an allowance; instead, challenge them to earn their spending money.
- This teaches valuable skills like confidence, financial literacy, and negotiation.
Pay for Wants
- Make children pay for their wants to understand value and ownership.
- This shifts their perspective and motivates them to work towards their goals.
Daddy Dollars for a Bike
- Tameka's son, Silas, bought his first bike using 'Daddy Dollars' earned through chores and good behavior.
- This early experience taught him the value of hard work and achieving goals.