5 Billionaire Secrets to Skyrocket Your Kid's Wealth IQ

Hey Money Mentors,

Did you know there are 3,112 billionaires in the world? While your 8-year-old probably won't join their ranks next week, we can definitely steal their playbook. Let's ditch the old "save your allowance" advice and teach our kids to think big. Really big.

1. Share the pie, grow the bakery • Surprise: Jeff Bezos only owns 12.7% of Amazon • Lesson: 15% of billions beats 100% of millions any day • Kid move: Next lemonade stand, bring in friends. One squeezes lemons, another makes signs. Split profits, triple the business.

2. Business beats real estate (mostly) • Billionaires put 70%+ in businesses and private equity • Millionaires park 35-50% in property • Family game night: Play Monopoly, but add "startup cards" worth way more than properties. Watch how fast they shift focus.

3. Use Other People's Money (OPM) • Peter Thiel turned $500k into $628M with Facebook • He didn't empty his piggy bank – he bet on someone else's idea • Kid challenge: Set up a mini "Shark Tank." Let them pitch ideas to family members for allowance money as startup funds.

4. Scale or premium pricing • Amazon: Razor-thin margins, massive volume • Tesla: Sky-high margins, lower volume • Both create enormous wealth • Garage sale experiment: Have kids try both strategies. Sell lots of cheap stuff or a few premium items. Track results.

5. Buy when others panic • Warren Buffett hoards cash, waiting for market dips • When crisis hits, he goes shopping for bargains • Create a "crisis fund" jar. Teach kids to save for opportunities, not just stuff.

TIME FOR ACTION

Pick one billionaire strategy. Help your kids apply it to their allowance or next big scheme. Remember, we're not raising little Scrooge McDucks – we're building smart, ethical money minds who understand wealth creation.

Here's a quick example to get you started:

A 10-year-old wants to sell bracelets. Instead of going solo, she can use strategy #1. She recruits her artistic friend to design and her outgoing cousin to help sell. By giving up 40% ownership, she tripled production and sold out in a day. Her slice? Bigger than if she'd done it all herself.

Now it's your turn. Which strategy are you tackling first? Hit reply and let me know how it goes. I've got more specific tips to share based on what you choose.

Until next time, keep building those money smarts!

Kamil Banc
MINI M🟡NEY MENTOR

P.S. Know other parents trying to raise mini-moguls? Forward this their way! And if you got this from a friend, sign up for weekly tips to make your kid the next Warren Buffett (but nicer): [Link]