Entrepreneurship
Starting and running your own business, taking on its risks for a share of its rewards.
Entrepreneurship is building something of your own and taking the risk that comes with it. Many kids' first taste of money is entrepreneurial — a lemonade stand, a small side gig — and pairing that earning with investing (even a custodial Roth on earned income) is a powerful combination.
Explain it to your kid
"Starting and running your own business."
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MemoryBank is a display and education tool, not a financial advisor. Nothing here is investment, tax, or legal advice.