Wednesday, September 3, 2008

Ahh! The old Lemonade stand…Just one last lesson.

Before mom and the kid went inside to count how much money they earned…mom and the kid had a talk.

Mom says to the kid.

Look baby we are going to have to give our neighbors a cut of our money.

The kid says. What do you mean?

Mom says it means that we are going to have to give them some of our money. One of the biggest reasons we made so much money was because of our location. We would have never made this much if we sold it in front of ours.

The kid looks mad

The mom says. In business you have to sometimes pay for the use of things like the use of the yard. So how much do you want to give them.

The kid says. She only sold cookies and only had about 10 bags so she should get $10. Mind you we made $120.

Mom looks disappointed and finally mom and the kid decided on $30. And yes mom took her start-up money too. But, the kid did have more than enough money to not only buy the video game he wanted, but an extra remote control.

Next lesson….how to save!

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