This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized.
All skills can be monetized
Now, I don’t recommend that you compromise your financial health for your kids, but I do encourage parents to invest in developing their kids’ skills, so they can always have multiple avenues to earn income and make an impact on the world.
You can relinquish your kids’ dependence on traditional wages by creating entrepreneurial opportunities for them early.
Music Lessons
Because my parents invested in my music lessons, I was able to start a piano business at 14 and run the business for 10+ years. This business was a primary income source throughout high school and college.
Books
My mother wrote a book when I was in elementary school, and she encouraged me to do the same since I enjoyed writing. Hence, I did. I published my first book at 11 and continue to publish books today.
Writing books also injected me into the teaching/tutoring/mentoring space, which I’ve been in ever since elementary school. However, I don’t know if I would be in that field if it weren’t for them encouraging me to write a book. Often, one activity can lead to developing skills in another category.
Fitness
My dad brought a mini gym home around elementary school, and I’ve been lifting ever since. Once I started teaching music lessons, I then bought a gym membership at 14. Since I created another income source (i.e., personal training), which I engaged in on and off. I also use my fitness to help teach others about it through my writing, which is an ongoing income source.
All Skills Can Be Monetized
All skills can be monetized. If your kid is a talented athlete, they can give lessons. If they’re a skilled musician, they can give music lessons. If they can sew, they can create and fix clothing. If they rock at video games, they can record on twitch and make millions. If they’re intelligent about finance, they can help educate others. They can sell and market their services if they can fix computers and other technology.
You don’t have to be a mastermind to teach or monetize a skillset. Teachers and entrepreneurs are specialized at different levels. If you’re good at beginner piano, teach beginners only. You’ll probably become even more skilled by teaching your craft.
I repeat, all skills can be monetized, and it helps to cultivate these skills in childhood. Pay attention to what your kids are good at, and encourage them to utilize these developing skills to commence entrepreneurial ventures.
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.