Question

There are new kinds of summer campus sprouting up for kids, with names like Camp Millionaire, MoolahU, and WhizBizKids. Rather than teaching basketball or camping skills, the camps appeal to parents who want to teach their children the basics of money management, or support budding Warren Buffetts and Steve Jobses who show an interest in business. The programs teach everything from basic financial concepts to how to launch a startup. The general idea for these campus is to teach kids early about money, investing and entrepreneurship. At MoolahU, a startup camp that launched in Austin, Texas in 2005, young business minds ages 7 to 17 collaborate for a week to develop a business idea and prototype product, and get a loan from a "barracuda tank" of local business experts-who include established businesspeople and entrepreneurs. From there, they sell their product, repay their borrowed money with interest and take turns occupying different leadership roles in their business. MoolahU's 3,000 alums can stay engaged beyond summer through a school-year apprentice program. At Camp Millionaire, youngsters learn that money can be earned through a salaried job or "made" by creating a business or income stream that delivers returns or passive income (rent, licensing fees, royalties, etc).

To what degree do you think you would have enjoyed and benefited from attending MoolahU when you were younger?

Answer 1

After attending MoolahU like kinds of summer campus sprouting , there could have been following benefits to a me:

With this From initial age, my mind set would have developed to think in the way of financial management and idea implementation. As I grow up, and start valuing money more , I can easily collaborate with my friends and open up a small venture. With learning over the future, i can reform my entrepreneurship abilities.

I can have better understanding of how to use household income efficiently and how to preserve resources.

It would also have helped me to think of new ideas of generating more income/surplus income by investing in growing investments like land, royalties etc. and i would not have to depend only on my job to secure my future or turn to my parents, siblings in times of need.

With this, I could have planned my savings better ad avoid many tensions which lead to my better health.