Raising Entrepreneurial Kids

Ideas, reflections, and real-life lessons for helping children build confidence, creativity, initiative, resilience, and entrepreneurial thinking.

Entrepreneurial Kids: How to Teach Purpose and Success

Enterprise For KidsTeam Mindset, Confidence & Leadership, Raising Entrepreneurial Kids , , , , , , , , , 6 Comments
Natalie Cook diving for the ball at the Sydney Olympics beach volleyball final

Entrepreneurial kids need more than a good idea or a burst of enthusiasm — they need a strong sense of purpose that helps them keep going when the path becomes difficult.

This lesson became very clear to me after hearing Olympic gold medallist Natalie Cook speak in Perth. Natalie is a five-time Olympian and one of Australia’s most inspiring beach volleyball champions. Her message about success, purpose and the mindset of high achievers was powerful not only for athletes, but also for parents raising entrepreneurial kids.

Natalie Cook gold medallist sharing lessons for entrepreneurial kids
Natalie Cook, Olympic gold medallist, shared powerful lessons about purpose and success.

Why Entrepreneurial Kids Need a Strong Purpose

Natalie Cook is a wonderful example of the connection between sport, business and personal success. She won Olympic gold with Kerri Pottharst at the Sydney 2000 Olympic Games and went on to become a respected speaker, leader and businesswoman. You can read more about her Olympic journey on the Australian Olympic Committee’s Natalie Cook profile.

When Natalie spoke in Perth, she explained that professional athletes and successful business owners have many things in common. Both need discipline, courage, focus and the ability to keep moving towards a goal, even when the obstacles are real.

Her message was captivating, humorous and very useful for cultivating a mindset for success in entrepreneurial kids — and, just as importantly, in their adult counterparts.

Natalie Cook’s Five Ps for Success

Natalie built her talk around what she called the Five Ps. These were principles that could apply to children, athletes, families and business owners alike.

Over a series of posts, I wanted to share these Five Ps and connect them to the way we raise enterprising, confident and purpose-driven children. I will also be adding one extra “P” of my own at the end. After hearing Natalie’s five, I wonder if you can guess what mine might be.

For this first part, we begin with one of the most important foundations of all.

Entrepreneurial Kids and the Power of Purpose

A person who truly reaches for success has a mindset that carries with it a very strong “Why,” or purpose.

Your “Why” must be stronger than your “Why not?”

If it is not, you may not have enough purpose to muster up the will to make your goals happen when barriers appear. A strong purpose gives children something deeper to hold onto. It turns a vague wish into a reason to keep trying.

Your “Why” has to be specific and close to the heart. It does not need to be complicated.

A friend of mine is driven to succeed because she desperately wants her mum to be happy and not have to work anymore. Another wants to buy a villa in Tuscany so that she can reconnect with her Italian family roots and create a sense of belonging.

These “Whys” are very different from saying, “Why not?” They are clear purposes, not poor explanations.

Teaching Purpose to Kids Through Real Conversations

Your “Why” will often come from one of two emotions: pain or pleasure. Usually, pain is the stronger of the two.

Think about the rags-to-riches stories we often hear about well-known success mentors and creators such as JK Rowling, Colonel Sanders, Sylvester Stallone, Walt Disney, Steve Jobs, Susan Boyle and Richard Branson. Their difficult experiences helped shape a strong “Why,” and that purpose became part of what carried them forward.

For entrepreneurial kids, this does not mean they need to experience hardship before they can succeed. It means they need to understand what matters to them. They need to begin asking deeper questions about contribution, growth, family, freedom, creativity and the kind of life they want to build.

Cathy and Trevor with Natalie Cook after a talk about purpose and success
Amy, Cathy, Natalie, Tracey, Kym and Trevor after Natalie Cook’s inspiring talk.

I recently carried out a “Why” exercise with my son, Jai.

We had just returned from a career pathway meeting for his upcoming senior class. Every pathway the school presented seemed to end in landing a j-o-b — just-over-broke. Whether the route was through university, technical school or straight into the average 40-year career, the end result sounded much the same.

There was nothing for an enterprising teen to really grab hold of.

Worse still, because the students were nearing the end of high school, the pressure was on to make a choice. It felt like a limited choice, based on hastily presented ideas rather than a deeply considered purpose.

The result was confusion. Jai seemed torn between going to university with his mates because it sounded like fun, or leaving school with his cousin and going to make money in the mines.

This inconsistency told me that Jai’s “Whys” for both of these career paths were too vague.

Purpose quote for entrepreneurial kids learning their why

Questions That Help Entrepreneurial Kids Find Their Why

So, we got to work.

We discussed why these two ideas sounded interesting to him. We talked about the difference between a strong “Why” and a casual “Why not?” We also explored why “Why not?” is unlikely to carry a person through the hard parts of either choice.

Then I asked Jai to ponder three questions:

  1. How do you want to contribute to this world?
  2. How do you want to grow as a person?
  3. How do you want to be remembered when you pass?

These are big questions for a teenager. In fact, they are big questions for adults too.

But they matter.

If we want to raise entrepreneurial kids who can think for themselves, create opportunities and build meaningful lives, we need to help them move beyond surface-level choices. We need to help them understand what drives them.

Purpose Comes Before the Plan

Many children are asked what job they want before they are asked what kind of life they want.

They are asked what subjects they will choose before they are asked what they care about.

They are asked which pathway they will follow before they have had time to discover the purpose behind the pathway.

This is why purpose matters so much. A plan without purpose can become a list of tasks. Purpose gives the plan energy, direction and meaning.

For entrepreneurial kids, purpose is not just about making money. It is about knowing why they want to create, serve, solve, build, lead or contribute in the first place.

Next, we continue the journey in Part 2: People and Passion, where we explore how the right people and passions can help shape entrepreneurial kids and enterprising teens.

Natalie Cook’s Five Ps Series

This article is Part 1 in our series on Natalie Cook’s Five Ps for helping entrepreneurial kids and enterprising teens develop purpose, people, passion, perseverance, planning and a mindset for success.

Where to Next?

We are always looking for feedback on our entrepreneurial kids articles. What is your “Why”? Leave a comment and share the purpose that keeps you moving forward.

Enterprising Teens: People, Passion and Success

Enterprise For KidsTeam Mindset, Confidence & Leadership, Raising Entrepreneurial Kids , , , , , , , , , 4 Comments
Jai thinking about people and passion as an enterprising teen

Enterprising teens need more than a career pathway or a good business idea — they need the right people around them and a passion strong enough to keep them moving forward.

After my son Jai and I discussed the first of Natalie Cook’s Five Ps, Purpose, I asked him to make a timeline of his life. I wanted him to focus on his surroundings, but more importantly, on the people who would be with him.

Jai thinking about the people and passions that support enterprising teens
Jai thinking about the people and passions that could help shape his enterprising teen journey.

Why Enterprising Teens Need the Right People

Natalie Cook’s second P is People.

Attracting the right people in life is key to building a successful young entrepreneur. But whether Jai chose to be an enterprising teen or follow a different path, what mattered most to me was his mindset for success in whatever direction he chose.

So, I asked him to imagine where he would like to be sitting five years from now — and with whom.

Then ten years from now.

Then forty years from now.

I asked him to picture what was around him, who his associates were, and what made those people so valuable to him that their presence would still be visible in his future decades later.

People quote for enterprising teens learning about success

What Natalie Cook Taught About People and Success

Natalie Cook’s career is a powerful example of what the right people, passion and support can help create. Her official Olympic profile describes her as a five-time Olympian and Olympic gold and bronze medallist in beach volleyball, making her a strong real-world role model for enterprising teens. Read more about Natalie Cook’s Olympic journey here.

Natalie discussed the value of surrounding herself with the right people while training to become an Olympic gold medallist. Around her were coaches, mindset mentors, professionals and peers whose encouragement lifted her up rather than criticism that tore her down.

This is a powerful lesson for enterprising teens.

The people around our children influence how they think, what they believe is possible, and the standards they quietly begin to accept for themselves. Friends, mentors, coaches, teachers, family members and business role models can all shape a child’s confidence and direction.

As parents, we cannot choose every influence our children will meet. But we can help them become more conscious of the people they allow close to them.

Helping Enterprising Teens Choose Positive Influences

It is important for enterprising teens to spend time with the sort of people they would like to learn from, grow with and, in some ways, emulate.

This goes beyond simple peer pressure. Children and teenagers absorb attitudes, habits, language, confidence and expectations from the people around them. If they are constantly surrounded by people who complain, criticise or limit possibility, that can become their normal.

But if they are surrounded by people who encourage, create, question, build, serve and keep learning, that can also become their normal.

This does not mean they need to abandon old friends or judge others harshly. It simply means they can learn to ask better questions:

  • Who encourages me to become better?
  • Who helps me believe more is possible?
  • Who lives with values I respect?
  • Who makes me feel more confident, creative and capable?
  • Who would I love to learn from?

These are not just business questions. They are life questions.

Enterprising Teens Learn Success by Helping People

One of the things I love about business and enterprise is that, at its heart, it is about people.

It does not matter whether the enterprise is large or small. It could be a child’s first market stall, a family business, a service project, a creative idea, or a future company. When young people learn to be genuinely helpful to others, their chances of success increase.

Helping people gives enterprising teens and adults an energy that attracts the right people into their lives. It teaches them that business is not only about making money. It is also about solving problems, creating value and building relationships.

This is a lesson children can begin learning very early.

Why Passion Matters for Enterprising Teens

Natalie Cook’s third P is Passion.

People are naturally attracted to those who have passion for what they do. Passion gives energy to an idea. It helps a young person keep going when the excitement wears off and the work begins.

Natalie has spoken about the importance of loving the process, not just the outcome. That is a valuable message for enterprising teens, because the process is where most of the growth happens.

Success is not only found in the final result. It is found in the practice, the learning, the mistakes, the conversations, the courage and the small daily decisions that eventually become a life.

Passion quote for enterprising teens developing a mindset for success

Jai wanted something he could stick with for the long term.

Having him visualise himself, his surroundings and his companions far into the future helped him reach a place that felt more connected to his own passion. It was something apart from what others were expecting of him. It was a desire that felt less likely to fade with time.

His spirit was guiding him, rather than the social conditioning of school, friends and family.

People and Passion Come Before the Pathway

This is one of the problems I see with the way many teenagers are asked to make career decisions.

They are often asked to choose a pathway before they have deeply considered the people they want around them, the kind of contribution they want to make, and the passions that might sustain them over time.

For enterprising teens, this matters.

A pathway without people can feel lonely.

A pathway without passion can become heavy.

But when a young person begins to understand who inspires them, who strengthens them, and what lights them up from the inside, their decisions become clearer.

That does not mean every choice becomes easy. It means the choices begin to come from a deeper place.

Natalie Cook’s Five Ps Series

This article is Part 2 in our series on Natalie Cook’s Five Ps for helping entrepreneurial kids and enterprising teens develop purpose, people, passion, perseverance, planning and a mindset for success.

Where to Next?

If you could enlist three people in the world to personally be your friend and mentor, who would they be? Mine would be Richard Branson, Robert Kiyosaki and Michael Clouse. Leave us a comment and share who would be on your list.

Positive Self Image: Lessons for Entrepreneurial Kids

Enterprise For KidsTeam Mindset, Confidence & Leadership, Raising Entrepreneurial Kids , , , , , , , , , , , 2 Comments
Sean Rasmussen and family connected to positive self image lessons for entrepreneurial kids

Positive self image is one of the most powerful foundations children can develop if we want them to grow into confident, capable and entrepreneurial people.

Our family’s entrepreneurial journey so far has been exhilarating. The more we learn about successful people and what makes them different, the more we understand our own subconscious beliefs, values, habits and mindset — and the more aware we become of what our children may be learning from us.

Sean Rasmussen and Cherie with Cathy and Trevor learning about positive self image at Boot Camp
Sean, Cherie and us at Boot Camp — a weekend that helped us think deeply about self-image, success and mindset.

Positive Self Image and Our Entrepreneurial Journey

Our journey of self-discovery has allowed us to look deeply into our own habits, thoughts and belief systems, as well as the beliefs and behaviours our children may be developing.

What has really inspired us along the way are the people we are becoming friends with. Positive people with energy, motivation, connectedness and drive. These people are becoming part of our reference group, and simply being around them helps us absorb their energy and possibility.

We flew to Surfers Paradise on the Queensland Gold Coast to attend a three-day intensive Internet Marketing Boot Camp run by Sean Rasmussen. Sean’s rags-to-riches story was an inspiration. From working as an electrician on a mine site near Karratha in Western Australia, carrying a large debt and working very long hours, he became a wealthy and successful self-taught internet marketer.

He would spend long days working on the mine site, then teach himself internet marketing during the few waking hours he had at home. He made it his highest value to change his family’s economic situation by finding a way to build an online business.

Sean’s focus, persistence and family support paid off. Within a couple of years, he had built a successful business that replaced his income from his job and continued to grow from there.

Sean Rasmussen, Success and Positive Self Image

Our experience over the three-day weekend was mind-blowing. Sean’s knowledge, enthusiasm and sense of humour kept us captivated throughout the event.

We met many fantastic people who inspired us with their commitment, passion and the variety of topics they were blogging about.

Sean Rasmussen and David Wood teaching mindset for success at Boot Camp
Sean and David at our Boot Camp.

Many people had major hurdles to overcome while pursuing their passions. There was Dave, who was 21 and had cerebral palsy. His supportive mum, Lynda, had four other children at home and still took the time to bring Dave to Sean’s Boot Camps because she wanted to expose him to the possibilities available.

There was Dr William — or Dr Bill as he was affectionately known — who was a spritely 80-plus years young. There was Catherine, who dreamed of working from home so she could spend more time with her baby girl. There was Helen, who came along with her husband Alex, and we worked out that Trev had taught her in Year 5 in Geraldton. There was Dale, who was passionate about natural health.

These were just some of the incredible people we met. Being around them reminded us how important environment, reference groups and self-belief are when building a positive self image and a mindset for success.

Connecting With People and Helping Them Find Answers

What we liked about Sean was his down-to-earth approach to life. He carried no airs or graces. He and his family enjoyed many of the same things our family does: a hobby farm, animals, weekend sport, family life and the simple everyday things.

Sean genuinely wanted to help people succeed. He gave value far beyond what you would expect from his training and programs, and he made genuine connections with people.

Sean explained that business is about finding out people’s problems and then providing answers.

This was not the first time we had heard this idea. Many successful people and mentors we have learned from have said the same thing:

Connect with people and help provide them the answers.

Connecting with people at Boot Camp while learning about positive self image and success
Connecting with people at the Boot Camp.

Sean pointed out that everybody is an expert in something. Find what you are passionate about, become that expert, discover what people want to know, and then build a business around your area of expertise.

For our children, this is a powerful lesson. A child does not have to wait until adulthood to notice their interests, practise their skills and begin seeing themselves as someone who can contribute value.

Why Positive Self Image Matters for Children

Self-esteem and self-image are important contributors to success. People must learn to take responsibility for their results in life rather than always looking for fault or blame in others.

Sean pointed out something powerful:

Your dreams already do come true. Make your dreams good ones.

This is where the idea of a positive self image becomes so important. Children tend to act in alignment with how they see themselves. If they see themselves as capable, creative, helpful and resilient, they are more likely to act that way. If they see themselves as failures, troublemakers or not good at anything, they may begin to live from that story too.

That is a heavy responsibility for parents, teachers and mentors.

Maxwell Maltz and Positive Self Image

Maxwell Maltz and positive self image ideas from Psycho-Cybernetics
Maxwell Maltz helped popularise the idea that self-image shapes behaviour and success.

Maxwell Maltz wrote Psycho-Cybernetics, a self-help classic that influenced many later teachers of success and mindset. His work explored the idea that self-image is central to human personality and behaviour. You can read more about Maxwell Maltz here.

Many success teachers, including Tony Robbins, Dr John Demartini, David Wood, Paul Counsel and Sean Rasmussen, have referred to similar ideas about self-image, belief and behaviour.

The idea is simple but powerful:

Change your self-image and you change the person.

Action, results and perception tend to stay consistent with self-image. We often act like the person we perceive ourselves to be, and our experiences often reinforce the way we already see ourselves.

Building a Positive Self Image in Children

We see examples of this every day. People act according to the way they perceive themselves, and these perceptions are often shaped at a young age.

To put it into context, students may fail because they are repeatedly told they are failures by parents, teachers or peers. Babies are born “clean”, and then the world begins shaping their self-image through words, reactions, expectations and experiences.

Success runs in the family — in the mind.

Maxwell Maltz quote about positive self image and success
Success runs in the family — in the mind.

Maltz pointed out that success and defeat can travel through families because patterns of thought and behaviour are carried in the mind. If a person accepts defeat as part of their identity, they are more likely to behave from that place.

Sean explained that you are better off moving in the wrong direction than not moving at all. At least when you are going in the wrong direction, you can alter course and start heading in the right one.

It is important to set goals and move forward rather than live in the past. Negative feedback should not be seen as failure. It can be useful because it helps us correct errors and stay on track.

How to Develop a Healthy Self Image

A healthy self image allows children to search for answers rather than collapse in the face of difficulty. It helps them believe that even if they do not know the answer yet, an answer can be found.

These are some of the ideas we took from Sean Rasmussen’s Boot Camp and the teachings around self-image:

  1. Have a goal that already exists in actual or potential form. Choose something that feels achievable, while still encouraging children to aim high.
  2. Have the end result in mind. The “how” does not always need to be clear at the beginning. Sometimes the path appears once the intention is strong enough.
  3. Do not fear mistakes. Negative feedback is a vital part of learning. It helps children self-correct and stay on course.
  4. Dwell on successes. Children need to remember what worked, not only what went wrong. Success patterns can be strengthened through repetition.
  5. Trust the process. Worry can jam up progress. A clear intention and a healthy self image help children keep looking for solutions.

Rational Thinking and Self-Image

Sean Rasmussen and family connected to healthy self image and family success lessons
Sean and his family showed us that success can still be grounded in everyday family life.

Your subconscious mind has no “will” of its own. It obeys your conscious demands, which are often based around your self-image thoughts.

Through conscious thinking, children can begin to challenge self-imposed limits. They can learn to question the stories they tell themselves, such as “I can’t do this,” “I always fail,” or “I’m not good at anything.”

Instead, we can help them practise more useful thoughts:

  • I can learn this.
  • I can try again.
  • I can ask for help.
  • I can improve with practise.
  • I can solve problems.

This kind of thinking supports a positive self image and builds confidence over time.

Habits and Positive Self Image

It is often said that it takes about twenty-one days for something new to become familiar. Whether or not the exact number is always true, the principle is useful: repeated action begins to create comfort, familiarity and habit.

A simple exercise to test changing a habit is brushing your teeth for twenty-one days using your opposite hand. At first it feels awkward, but gradually it becomes more comfortable.

Children can use this same idea by copying the habits of people they admire. If they want better results, they can observe people who are already achieving those results and practise similar habits.

Napoleon Hill also referred to the importance of studying and developing the habits of successful people in Think and Grow Rich. For entrepreneurial kids, this is a practical way to build a stronger self-image: act like someone who learns, contributes, serves and keeps going.

Tips for Parents of Entrepreneurial Children

Cath and Trevor in Surfers Paradise during their entrepreneurial learning journey
Cath and Trev in Surfers Paradise during our entrepreneurial learning journey.

Why not teach your entrepreneurial kids to develop the habits of successful people?

Start by noticing everyday habits of people around them. Discuss how those habits may have contributed to the results they now have. Encourage your children to read or listen to biographies of successful people. Build your children’s self-image. Encourage them to lead, speak publicly, help with enterprise projects and celebrate their successes.

You can also challenge them with simple exercises that change the way they do things. These small changes help children realise that habits are not fixed. They can be changed, strengthened and improved.

A positive self image is not built through empty praise. It is built through repeated experiences of effort, responsibility, encouragement, courage and growth.

Key Takeaway: A Positive Self Image Shapes Success

Key takeaway: A positive self image helps children see themselves as capable, creative and able to grow. When parents model strong habits, encourage effort and help children reframe mistakes, they give entrepreneurial kids a stronger foundation for success.

Where to Next?

How do you help your children build a positive self image? We would love to hear what has helped your family develop confidence, habits and a stronger mindset for success.

Mindset Shift: Lessons from David Wood’s Break Through Training

Enterprise For KidsTeam Mindset, Confidence & Leadership, Raising Entrepreneurial Kids , , , , , , , , , , , 3 Comments
Cathy and Trevor with friends at leadership training challenging comfort zones and mindset

Mindset shift was the biggest lesson we took from David Wood’s Break Through Training. It challenged us to face fear, take responsibility, change our environment and step beyond what felt comfortable.

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This article is not just about a training weekend. It is about the kind of thinking we want our children to grow up around: courage, connection, responsibility, positive reference groups and the belief that who you were does not have to be who you become.

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David Wood teaching mindset shift lessons through Break Through Training
David Wood’s Break Through Training challenged us to face fear, take responsibility and shift our mindset.

Mindset Shift: Lessons from David Wood’s Break Through Training

We were spellbound by David Wood’s energy, inspiration and mastery when he presented his Break Through Training Program to us. His message was confronting, exciting and deeply practical:

Everything is possible for anyone, despite circumstance.

But possibility is not enough on its own. David challenged us to step out, go after what we want, and stop allowing fear to pull us back. He taught that we must take 100% responsibility for what we have and what we do not have, without blame, justification or excuse.

That is where the real mindset shift begins.

We are the only ones who can make the shift in thinking and create success for ourselves. No one else can do that inner work for us.

Why a Mindset Shift Matters for Adults and Children

During the three-day program, we gained tremendous insights into ourselves, how we connect with people and how we approach life.

David emphasised the importance of connecting with people. His tip was very simple:

Say “hello” — and do it as often as you can, with energy.

This sounds simple, but it is a powerful lesson. Many adults and children hold themselves back because they are afraid of rejection, embarrassment or not knowing what to say. A small act like saying hello can become a starting point for confidence, connection and courage.

This links closely with what many educators now call a growth mindset: the belief that abilities can develop over time through effort, strategies and learning. Stanford’s growth mindset resources explain that this idea comes from Carol Dweck’s child psychology research. You can read more about growth mindset through Stanford here.

For us, David’s training was a very real, physical version of this lesson. We were not just hearing about growth. We were being pushed to practise it.

Break Through Training in Perth helping people create a mindset shift
Break Through Training in Perth challenged us to think differently, connect with people and take action.

A Mindset Shift Around Hearing “No”

One of the things that stood out for us was David’s teaching that “no” does not always mean “no forever”.

David reminded us, in a fun game, how to respond when we hear a “no”. Instead of shrinking, blaming ourselves or deciding we are not good enough, he encouraged us to do the Happy Dance.

And he meant really do it.

Do not let yourself go down the path of:

  • I didn’t present well enough.
  • I didn’t know my stuff well enough.
  • I’m not qualified enough.
  • They rejected me, so I should stop trying.

Instead, whenever you hear a no, see it as one step closer to your next yes.

That is a powerful mindset shift for children too. Whether they are selling lolly bags, speaking in front of a class, trying out for a team, making a new friend or asking for help, they need to learn that a “no” is not the end of the road.

Reference Groups and the Mindset Shift We Want for Our Kids

Many of the distinctions and lessons David taught were strongly aligned with what we had been learning through our Money Mastery course with our mentor Paul Counsel. One of those lessons was the importance of a reference group.

“I become the sum of the five people I spend the most time with.”

If we want amazing results in our lives, we need to associate with people who are moving toward those results. One way to do that is to attend events, join mentor groups and build friendships with energetic, motivated and successful people.

We also recognise that this is just as important for our children. That is why we encourage them to mix with positive peer groups and get involved in sporting teams, enterprise projects and real-world learning experiences.

As David put it:

“Environment is stronger than willpower.”

Rather than relying on willpower alone, we can change the environment and reference group. For children, this might mean being around teammates, creative friends, entrepreneurial families, positive mentors and adults who model courage and responsibility.

Cathy and Trevor with David Wood learning about reference groups and mindset shift
Being around motivated people reminded us how powerful our reference group can be.

Mindset Shift Through Getting Uncomfortable

We also learned that success is not convenient. It requires getting out of routine and comfort.

During the training program, David pushed our boundaries so we could practise being uncomfortable. We talked to strangers on the street, missed coffee breaks, hugged each other, held hands with people we did not know, stayed late past the planned program times, spoke publicly, became vulnerable, and danced and danced and danced.

We loved one of his favourite sayings:

“Get so uncomfortable about being uncomfortable that you get comfortable.”

This is something we definitely need to encourage in schools and families. Children need safe opportunities to stretch. They need to try things that feel a little awkward at first. That might be public speaking, selling a product, meeting someone new, performing, joining a team, making a phone call or trying again after failure.

Confidence grows when children do brave things in small steps.

Cathy and Trevor with David Wood after learning comfort zone and mindset shift lessons
David Wood pushed us to get comfortable being uncomfortable.

Personal Responsibility Creates a Mindset Shift

David shared a simple exercise that he said could completely change your life:

Do not blame, justify or complain for ninety days.

That is a huge challenge. It asks us to stop handing away responsibility and start noticing what we can change.

David truly believes that no dreamer is ever too small and no dream is ever too big. He says that if you do not know where you are going, every road will get you there. So the first step is to begin. Choose a direction and start walking.

He also reminded us:

“We will miss 100% of the shots we never take.”

So just believe in yourself and have a go.

This is another important lesson for entrepreneurial kids. They do not need to wait until they are perfect. They need to begin, learn, adjust and keep going.

Who You Were Can Completely Change

David pointed out that everyone was once a disaster, including him.

His life certainly did not start out on the right track. His dad left the family when he was seven, and he grew up angry with his mother. He dropped out of school and was in all kinds of trouble as a teenager living on the streets. He spent years travelling around the world, broke and living day to day. He worked as a chimney sweeper, window cleaner and barman.

But David discovered for himself that who you were can completely change. This realisation led to different thinking, which brought him wealth, success and happiness beyond what he had once expected.

His success was a direct result of a change in thinking and attitude.

Paul Counsel also supports the view that we are a product of our thinking. What we think and believe can shape our reality, choices and results.

David points out that our results tell us what is going on in our lives. If we are unhappy, stuck or struggling, then we may need to consider whether what we have been doing up until now is working. If we do not find a new way and make changes, our results may continue to look the same.

His advice was to stop taking advice from broke, unhappy people and seek out successful mentors and friends who can move us in the right direction.

Mindset Shift Lessons from Friends at the Training

Friends who attended the Break Through Training with us shared how deeply the weekend affected them.

“An amazing weekend with David in Perth along with an awesome group of people… all willing to feel the fear and do it anyway! Life is not a dress rehearsal… just do it! Stop justifying, blaming and complaining… Grab happiness with both hands… Thank you so much! If you ever have the opportunity to spend time with David — take it!” — Tracey

“Thanks David for an awesome weekend! If someone had told me I could sit through three massive days of training and never once feel like I was falling asleep, I would have said impossible. The way you share the information and teach is inspirational. So many laughs and take-away lessons — none more so than how to connect and change the warmth in a room. Inspired to say hello more often.” — Melissa

“David, this weekend in Perth has left a permanent imprint in my heart and mind. I will take 100% responsibility for what I have and what I do not have! Your seminar was so well presented and motivational that I have already started applying the strategies to every aspect of my life and have been dancing my no boogie quite regularly!” — Denise

David Wood, The Kickass Life and Managing Your Thoughts

One of our favourite podcast episodes from David Wood’s The Kickass Life series was his interview with Andrea Owen. She talked about becoming your own biggest fan and becoming a legend in your own mind.

We loved that idea. Get rid of disempowering thoughts. And if the thoughts will not go away, learn to manage them. Take the power away from the gremlins inside your head.

Jack Canfield interview with David Wood about mindset shift and personal responsibility
David Wood’s ideas also connected with wider personal development lessons about responsibility, courage and taking action.

Why This Mindset Shift Matters for Entrepreneurial Kids

David Wood gave excellent teachings about daily life, relationships and business, especially around referral businesses and the power of connecting with people.

In this day and age, referrals are still a powerful way that businesses keep loyal customers. Young people are growing up in a world where networking, connection and communication are part of everyday life through sport, school, community and multimedia.

But the bigger lesson is not only about business. It is about helping children become brave enough to take responsibility, connect with people, try new things, dream big and recover from rejection.

That is the mindset shift we want for our children.

Key Takeaway: A Mindset Shift Begins With Responsibility

Key takeaway: A real mindset shift begins when we stop blaming, step outside our comfort zone, choose positive reference groups and take responsibility for our results. These are powerful lessons for adults, children and entrepreneurial families.

Where to Next?

Have you ever experienced a mindset shift that changed the way you handled fear, responsibility or discomfort? We would love to hear your story in the comments.

Plan to Buy Gold and Silver!

Enterprise For KidsTeam Money Lessons for Kids, Raising Entrepreneurial Kids , , , , , , , , , 3 Comments
Kids holding large display gold nuggets outside the Perth Mint while learning about buying Perth Mint coins

Buy Perth Mint coins may sound like an unusual money lesson for kids, but for our family it became a practical way to talk about planning, saving, assets, liabilities and long-term thinking.

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Most people have a plan for how to make money, but not always a plan for what to do with that money once they earn it. This became an important conversation in our family as our children started earning money through their own little enterprises.

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Kids outside the Perth Mint learning how to buy Perth Mint coins and understand assets
A visit to the Perth Mint became a real-world money lesson about assets, saving and planning ahead.

Buy Perth Mint Coins: A Money Lesson for Kids

“Failing to plan is planning to fail!” — Robert Kiyosaki

Robert Kiyosaki points out that many people work hard to earn money, but do not have a clear plan for what to do with it. Often, those same people can still end up feeling short of money, even when they earn more.

That idea really made us think. Our own children were busy planning their enterprises and successfully making money. They had plans to buy things they wanted, such as Nerf guns, iPods, computers and other exciting items, but they did not yet have much of a plan to buy assets.

So we decided it was time to have a family conversation about planning what to do with earned money. The idea to buy Perth Mint coins gave us one very practical way to make that conversation real.

Kids money plan showing how children can plan for assets liabilities and saving
Kids need a simple plan for what to do with their money once they earn it.

Why Kids Need a Money Plan Before They Buy Perth Mint Coins

Kids need an education on how to plan what to do with their money when they earn it. It is not enough to teach children how to make money. They also need to learn how to save, give, spend wisely and think about assets.

Kiyosaki explains the difference between spending money on things that take money away from you and spending money on things that can hold or grow value over time.

The simple lesson for kids is this:

  • Liabilities are things we buy that usually lose value or cost us more money.
  • Assets are things that may hold value, grow in value, or help create income over time.

We had already written about our family conversations around assets and liabilities. You can read that article here: Financial Education for Kids: Teaching Assets and Liabilities.

Once the idea of assets and liabilities was explained to our kids, they could begin to make a more thoughtful money plan. That plan included money for things they wanted, money for giving, and money for buying assets.

Buy Perth Mint Coins as a Real-World Asset Lesson

When children are learning about assets, it helps if the lesson is concrete. Shares, property and business systems can be a bit abstract for young children, but coins are real. They can be held, seen, weighed and discussed.

That is why the idea to buy Perth Mint coins became such an interesting family money lesson. It gave us a way to talk about gold, silver, assets, inflation and long-term thinking in a way the kids could actually picture.

To be clear, this is not financial advice. Families need to do their own research, understand the risks, and make decisions based on their own circumstances. MoneySmart explains that an investing plan should consider your goals, timeframe and risk tolerance, and that diversification helps reduce risk by spreading money across different investments.

For us, the key lesson was not “everyone should buy gold or silver.” The key lesson was that children can learn to think differently about money.

Gold and Silver as One Example of an Asset

Subscribers to this blog may remember that we hosted a Gold and Silver Seminar in Bunbury. Our presenter, Andrew Smith, was a mining engineer, investor and businessman who had been closely involved with the world of gold and silver mining for many years.

He gave several reasons why gold and silver may be worth considering as long-term assets. More importantly for our kids, he gave us some great conversation starters about money, inflation and planning.

First gold coin from Lydia used in a kids money lesson about gold and assets
Gold Coin from Lydia.
Aussie gold coin used to teach kids about assets and long-term money planning
Aussie Gold 2012 Coin.

Gold and silver have been recognised around the world as stores of value for a very long time. Unlike paper currencies, which can lose buying power over time through inflation, precious metals are often discussed as a possible hedge against currency devaluation.

That became an interesting discussion point with the kids. We were not trying to turn them into investment experts. We were simply helping them understand that money has buying power, and buying power can change over time.

The Meat Pie Indicator: Inflation for Kids

Andrew explained inflation using what he called the “Meat Pie Indicator”.

Back in 1970, you could buy a meat pie for around 40 cents. Many years later, the same sort of pie might cost several dollars. That simple comparison helped the kids see that the dollar does not always buy the same amount over time.

That is a very practical way to explain inflation for kids. Rather than starting with economics, you start with something simple: a meat pie.

The money lesson is this:

  • If prices rise, the same amount of cash buys less.
  • If children only save cash and spend on liabilities, they may not build long-term value.
  • If children learn to plan, save and buy assets, they begin to think differently.

This was one of the reasons gold and silver became part of our conversation. It was not just about precious metals. It was about teaching the kids to ask, “What happens to my money over time?”

Buy Perth Mint Coins: Why the Perth Mint Made the Lesson Real

The Perth Mint gave this lesson a real-world connection. Instead of only talking about gold and silver in theory, the kids could see the building, look at coins and bullion, and understand that money can be connected to history, value and planning.

The Perth Mint sells gold, silver and platinum bullion coins, minted bars and cast bars in a variety of sizes. That makes it a useful place for families to explore the idea of precious metals as one possible asset class. You can visit the official Perth Mint bullion page to learn more.

For children, silver may be easier to understand than gold because the price point can be more manageable. A child may not be able to buy a gold coin, but they may be able to save toward a small silver coin or bar.

Again, the aim is not to pressure children into buying precious metals. The aim is to teach them to think:

  • What am I doing with the money I earn?
  • Am I spending everything?
  • Am I saving some?
  • Am I giving some?
  • Am I learning to buy assets?

For our family, the decision to buy Perth Mint coins was really a doorway into better conversations about money, choices and long-term thinking.

Buy Perth Mint Coins, But Teach the Bigger Money Lesson

The keyword may be buy Perth Mint coins, but the bigger lesson is not only about coins. It is about money planning.

Our children needed to understand that earning money through enterprise was only the beginning. Once they had money in their hands, they needed to make decisions. Would they spend it all? Would they save some? Would they give some? Would they set aside money for assets?

This is where a simple three-part money plan can help children.

1. Money for spending

Children still need to enjoy the reward of their work. Buying something they have worked for can be a powerful lesson in effort and reward.

2. Money for assets

This is the part that helps children think long term. Assets might include precious metals, shares, a small business asset, tools for their enterprise, or another age-appropriate example that helps them understand value.

3. Money for giving

Giving helps children connect money with generosity. In our family, this was important because we wanted enterprise to build character, not just cash.

Gold, Silver and Long-Term Thinking

During the seminar, we also discussed why gold and silver can attract long-term interest. People use them for jewellery, coins, bullion, technology and industry. Gold and silver are also often discussed during times when people are concerned about inflation, currencies or financial uncertainty.

These ideas can become quite complex, so for children we kept the lesson simple:

Some things we buy lose value quickly. Some things may hold value for longer.

That distinction is a powerful start.

Indian bridal jewellery used in a gold and silver money lesson for kids
Indian Bridal Jewellery.

In countries such as India and China, gold and silver have long been connected with culture, jewellery, celebrations and family wealth. That gave us another way to talk to the kids about how different cultures think about money, value and assets.

We also talked about silver being used in everyday products and technology. That helped the children see that precious metals are not only shiny objects. They can also have practical uses.

Charts, Prices and Why Children Need Context

The original version of this article included old gold and silver price charts from around 2012. They were useful at the time, but prices change constantly, so I would not want the children to focus only on old numbers.

The better lesson is to help children understand that prices move, markets change, and no asset goes up in a straight line forever.

Gold chart used to teach kids that asset prices change over time
Gold chart used as a discussion starter about changing prices.
Silver chart used in a kids money lesson about assets and price changes
Silver chart used as a discussion starter about long-term value.

That is why we also talked about diversification. Children do not need to understand the whole investment world at once, but they can begin to understand that putting every dollar into one thing may not be wise.

MoneySmart’s investing plan guidance is a useful Australian resource for families because it encourages people to set goals, understand risk, research options and think carefully before investing.

Buy Perth Mint Coins and Set Family Money Goals

The Perth Mint sells gold, silver and platinum, including coins and bullion. For our kids, the most realistic conversation was probably around silver, because gold was much more expensive.

Perth Mint building used in a money lesson about buying Perth Mint coins and assets
The Perth Mint helped make the money lesson feel real.

Our kids now had new goals. Their goals were broken into three parts:

  • a part for buying things they wanted,
  • a part for buying assets,
  • and a part for tithing or giving.

That simple structure helped them see that money does not have to disappear as soon as it is earned. Whether children eventually buy Perth Mint coins, save toward a business tool, or choose another asset later, the important lesson is that they are learning to plan.

A Four-Part Money Box for Kids

One practical tool that can help children is a money box divided into sections. Some families use jars, envelopes or labelled containers. The point is to help children physically separate their money into different purposes.

For example, children might divide their money into:

  • Spend — for things they want now.
  • Save — for bigger goals.
  • Invest — for assets or future opportunities.
  • Give — for generosity, tithing or causes they care about.
Money box for kids with sections for saving spending investing and giving
A divided money box can help children plan where their money goes.

Buy Perth Mint Coins as Part of a Bigger Financial Education

When we talk about how to buy Perth Mint coins, we are really talking about a much bigger financial education.

We are teaching children to pause before spending everything. We are teaching them to ask better questions. We are teaching them to think about the future. We are teaching them that money can be used for enjoyment, generosity and long-term goals.

The real win is not whether a child buys a silver coin, a gold coin, shares, tools for a small business or another asset later on. The real win is that they begin thinking like someone who plans.

Key Takeaway: Buy Perth Mint Coins to Teach Planning

Key takeaway: Learning how to buy Perth Mint coins can be a practical way to start a bigger family conversation about money planning, assets, liabilities, saving, giving, inflation and long-term thinking.

Where to Next?

Have you used coins, jars, money boxes or real-world experiences to teach your children about saving, giving and buying assets? We would love to hear your ideas in the comments.

Entrepreneurship for Students: How Do Entrepreneurs Think?

Enterprise For KidsTeam Mindset, Confidence & Leadership, Raising Entrepreneurial Kids , , , , , , , , , 7 Comments
Jai Howitt discussing his entrepreneurial journey on The Pocket with Chris Griffen

Entrepreneurship for students is not just about starting a business. It is about learning how to think differently, spot opportunities, solve problems, take action and build confidence in the real world.

When children learn how entrepreneurs think, they begin to see that their ideas matter. They also begin to understand that money, work, creativity and contribution can be approached in a very different way.

Entrepreneurship for students shown through Jai Howitt coaching Chayse on business strategy
Jai coaching Chayse through business strategy and entrepreneurial thinking. Watch Jai coach Chayse.

Entrepreneurship for Students: How Do Entrepreneurs Think?

In an earlier article, we spoke of charitable entrepreneurs and successful business thinkers such as Richard Branson, Warren Buffett and John Templeton.

They, together with many other successful people, have extraordinary stories to tell about their entrepreneurial journeys. Some will tell you they struggled at school, dropped out, were dyslexic, or found reading and writing difficult. Others came from homes of poverty, while some were born into families where business and enterprise were already part of everyday life.

Although their backgrounds and circumstances differed, one thing often remained the same: they thought in a similar way.

It is not circumstance alone that creates an entrepreneur. It is mindset.

That is why entrepreneurship for students matters. Young people need more than information. They need the chance to develop the kind of thinking that helps them create opportunities, make decisions, solve problems and take responsibility for their future.

Why Entrepreneurial Thinking Matters for Families

What we have come to understand is that for our family to become economically and personally free, we need to question our conditioning around money and then reprogram our subconscious minds with a new success money mindset.

Many wealthy and successful people either developed this mindset from their upbringing, or they discovered it for themselves. Sometimes this happened consciously, through study and self-development. At other times, it happened unconsciously through experience, environment and action.

It is often said that only a small percentage of people live with real economic and personal freedom. The bigger question is this: what do they do differently?

More to the point: how do entrepreneurs think?

Before we look deeper into that, consider this.

Entrepreneurship for Students Starts with Money Mindset

Wealth creation and poverty mindset lesson for students
The way children think about money can shape the opportunities they see.

Whether we like it or not, we are being conditioned constantly to think a certain way about money. We are conditioned by our family, schools, advertising, politicians, television, social media and friends.

Many people become tied to jobs and debt because the conditioning they have received favours a money mindset of lack, rather than abundance.

Do any of the following sound familiar?

  • “Money doesn’t grow on trees.”
  • “Money is the root of all evil.”
  • “You’ve got to work hard for your money.”
  • “Get a good, well-paying job and you’ll be set for life.”
  • “Buy a home, it will be your best investment ever.”
  • “We can’t afford it.”
  • “What job do you want to do when you grow up?”
  • “Go for the cheaper ones.”

Only this morning, I was listening to a friend talking with his teenage sons. He told them they needed to get jobs. He explained that he had a job pushing shopping trolleys at their age. He even went down to the local IGA supermarket and picked up applications for them to apply for jobs.

When I was fifteen, I started out with a casual job working at a Target store. My hourly rate was $2.90 an hour.

All of the above are examples of conditioning. Much of our thinking about money, work and possibility is formed very early in life.

What Schools Often Teach About Work and Money

Our schools are largely designed to prepare workers for the workforce. Banks make money by selling debt. Governments collect taxes and often depend on people staying within predictable systems. Retail businesses make money by encouraging us to spend. Big businesses need workers to build their businesses.

There is definitely a design to much of this madness.

That does not mean jobs are bad. It also does not mean every child needs to become a business owner. However, it does mean young people should know there are other pathways.

They should understand that work, money, creativity and contribution can be approached in different ways.

This is why financial education for kids is so important. Children need to learn about money, value, assets, liabilities, work, enterprise and choice before they enter adulthood.

Entrepreneurial Mindset for Young People

What our family has discovered is that our money mindsets are changing. We are learning that it is okay to accept money and to have money. In fact, it is okay to offer something of value to others and receive payment in return.

Working hard in a job is not the only pathway for young people entering our big world.

There are other ways. These pathways can allow young people to follow their passions and dreams while making a meaningful contribution to whatever they consider important.

Wouldn’t it be fantastic if all our kids could achieve economic and personal freedom?

People who have achieved financial freedom through being entrepreneurial tend to have a mindset of abundance. Their habits differ. Their thinking differs. Their actions differ.

This is why we keep coming back to the bigger idea of raising entrepreneurial kids. It is not just about business. It is about helping children become confident, capable, creative and resourceful.

How Entrepreneurs Think: Lessons from Napoleon Hill

Napoleon Hill Think and Grow Rich entrepreneurial mindset lesson
Napoleon Hill studied how successful people think and act.

Rather than attempting to explain every detail of how entrepreneurs think, I will refer to one of the most influential books ever written on personal and financial achievement.

Think and Grow Rich by Napoleon Hill was originally published in 1937. Hill spent his life studying successful people and recording how they think and act. He became successful himself by following the distinctions in his own book and by modelling himself on his mentors.

Think and Grow Rich is essentially a book about what to do and how to do it. It explores ideas such as self-direction, organised planning, autosuggestion, mastermind association, self-analysis and the selling of personal services.

The thirteen steps to riches described in the book offer a philosophy of individual achievement that has influenced thousands of people’s lives.

This book could be worth a great deal to you and your kids, not simply because of the money ideas, but because of the thinking behind them.

At the time of this original article, Cathy was rewriting Napoleon Hill’s book in a way that would be suitable for kids to read, with simple explanations and modern examples they could better relate to. It was a work in progress, built around the idea that children should be able to understand powerful success principles in language that makes sense to them.

You can also learn more about Napoleon Hill’s work through the Napoleon Hill Foundation.

Entrepreneurship for Students in Real Life

For our family, entrepreneurship for students has never been just a theory. It has been something we have tried to encourage through conversations, real-life projects, mentoring and practical action.

Looking back now, we can see how these early conversations about entrepreneurial thinking have carried through into real life. The goal was never just to teach our children about business. It was to help them become confident, resourceful young people who could spot opportunities, solve problems and take action.

Today, we see that continuing as Jai shares business ideas and strategy with his younger brother Chayse, passing on what he has learnt through his own entrepreneurial journey.

Jai has gone on to build his own entrepreneurial path through creative work, content and business. You can see part of that journey through Art of Mondays.

Key Takeaway: Teach Students to Think Like Entrepreneurs

Key takeaway: Entrepreneurship for students is about far more than making money. It is about helping young people think differently, understand value, recognise opportunity, solve problems and take action in the real world.

Where to Next?

If you enjoyed this article about entrepreneurship for students and entrepreneurial thinking, you may also like:

We would love to hear your thoughts. How do you think entrepreneurs think differently, and how can we help children develop that mindset while they are still young?