Oct 2007
02
04:12pm


I have three kids and they all make me proud but I didn’t expect my second child – Vhi – will make her first money at the age of six (6). The better part of the story is that she made it on her own – without any help from me or her mom. Now, the best part is that she made 1100% in profit!

How did she do it? We’ll get to that later. First, allow me to give you some background.

Among my three kids (Kei, Vhi and Jae), Vhi is the one who would come to me and say, “Daddy, pag marami ka ng pera, bili tayo ng ________ , ha?” (Daddy, when you already have lots of money, let’s buy ________, ok?” to which I would often reply with a sincere,”Ok, Vhi.” Then came a time when I realized that I have to let her know that making money is not as easy as she thinks it is so I told her that daddy has to work hard and make sure that business is good in order to make money. Then I taught her and her elder sister Kei the concept of saving. Eventually, Vhi learned the concept of “making money” on her own. Yes, on her own. How? Read on.

Vhi / Kei, Vhi, and Jae

One day, Kei asked Vhi if she can borrow her sister’s shorts. Vhi said, “OK, but you have to pay me 1 peso for that.” At first I laughed and while most of you would consider that as Vhi’s first earnings, I don’t simply because Vhi didn’t put any effort in it. Then came a time when Kei and Vhi sold some stuff at school and made little profit. Did I consider that as their first income? No, I didn’t merely because that would implant in their minds the idea of employment and not business. However, they are both learning already the concept of making money along the way.

Vhi’s Breakthrough

Last week, Vhi told her mom that she would make greeting cards and sell them in school so she can make money and buy herself a jacuzi – yes, a jacuzzi! I already knew that there’s something going on in Vhi’s little brain that would encourage her to push through with her plans but I didn’t intervene whatsoever.

To my surprise, my wife told me via chat that Vhi sold her first greeting card. She invested about 1 peso for it and sold it for 12 pesos – 1100% profit! I couldn’t really have imagined that she would have done it so soon. At this time, I know Vhi really made her first money. Why? Because it has all the ingredients needed to make one successful in making money. They are:

  1. A clear goal (she wants a jacuzzi)
  2. A clear method (she’ll make cards and sell it so she can buy her jacuzzi)
  3. A clear and decisive action (she made her card and sold it to her classmate)
  4. A clear income (she spent 1 peso and sold it for 12 pesos therefore making 11 pesos in net profit – 1100%)

You see, making money is not really that hard. Though Vhi is still thousands of pesos away from that jacuzzi she’s hoping to buy, I would say that she’s on the right track. This definitely teaches me a lesson especially now when I feel like money is so hard to make. Vhi just went through it and she enjoyed doing it.

To Vhi – money earned, to me – lesson learned.

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8 Responses to “My daughter Vhi makes her first money”

  1. dennis agulo Says:

    I see a tycoon in the making.

    Kaso the father computed the profit short. Must be 1100% :)

  2. The Blogger Says:

    Hi Dennis,

    Tycoon in the making – thanks.

    1100% – yes, you’re right. I guess I was too excited that I had my math messed up. Updated the blog post already.

    Mike

  3. lance Says:

    @Mike

    If I were a father, I would also feel proud….(o_o)

    This post is very inspiring……

  4. harney Says:

    young entrepreneur…great!..hehe

  5. Internet Marketing Apprentice Says:

    Our 8 year old daughter did the same thing, sold a few stuff to a customer who’s waiting for us at our home office. What’s amazing is the fact that it’s not nickel and dimes the cost of each product she was able to push and the said customer was very happy to make the purchase from her. Telling us what a good entrepreneur she would be in the future.

    Make’s us feel proud as parents knowing that we already have someone in the family to take care of our business someday.

    You must be a very proud parent, too.

    Manuel

  6. The Blogger Says:

    Hi Manuel,

    That’s cool! And you’re right, am very proud.

  7. Rich Pijuan Says:

    sooo nice to know that your kid knows the value of money at an early age and be able to contribute in your family and to our society… she’s a good model to her siblings and also to other kids out there! I know she will be a good enterpreneur…and maybe a tycoon… :o )

  8. A Christmas Card from Vhi : Mike’s Personal Blog Says:

    [...] my daughter Vhi who made some money selling her own cards last year? Well, she’s put her “card-making” talents to use once more and made a [...]

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