She’s EmPOWERed: Young CEO and author helps kids understand finances

Did you know that April is National Financial Literacy Month? It is. This year marks the 20th anniversary for the observance aimed at empowering individuals to improve their personal and household financial stability and success.

And although she’s nowhere near 20, Ahmenra Johnson is an expert in helping kids understand finances. The seven-year-old CEO and author has been in business since she was a toddler! 

At the age of three, Ahmenra’s mother decided that it was important for her to understand and have a firm foundation in financial literacy and entrepreneurship. 

“She said financial literacy and entrepreneurship are important to know to help me navigate the real world as I got older,” Ahmenra explained. “I had my very first board meeting at a Fortune 500 company and I am the owner of six businesses.”

That’s right. Ahmenra is an experienced CEO and she’s not even in middle school. 

In addition to running her companies (with the help of her mom), Ahmenra is the author of seven books that are part of “Noodle, The Astrogirl CEO Learning Series,” where the focus is on teaching children that there is no age requirement to own a business or to become an author.

“My Mother teaches me that at the root of every social interaction, there is financial literacy and/or entrepreneurship embedded in the experience. I like to learn how I can monetize what I learn in school,” Ahmenra added. “For instance, one of my businesses is my very own home school, Astrokid Academics LLC. I learn so much about financial literacy and entrepreneurship that I am able to use lessons from my very own learning series to help me understand how to be an effective entrepreneur.”

An “Astrokid” with Aspirations

Ahmenra isn’t only an author and business owner. She also is a competitive dancer, competitive swimmer and on her way to getting a black belt in Tang Soo Do Martial Arts. 

Her plan is to go to community college for engineering because she’s an aspiring astrophysicist. “Then, I am going to attend Juilliard for dance and while I am dancing, I want to train to be an Olympic swimmer, too. I have many goals that I am going to accomplish as I get older,” she concluded.

With her ambition, determination and passion, we have no doubt that Ahmenra will achieve these and other goals. We can’t wait to see it happen!

Connect with Ahmenra:

Instagram 

YouTube 

Visit www.astrokidacademics.org

Tips and Tricks for Students Who Want to Start a Business but Have Limited Funds

Starting a business as a student can be a great way to get a head start on your career. The one drawback of being a young entrepreneur is that you may lack capital or startup funds. Don’t stress. Business ownership isn’t out of reach, even if you aren’t rolling in cash. Here are some tips and tools to help you start a business with little financial resources.

Explore Low-Cost Businesses

Research cost-efficient business models to minimize your need for startup capital.

  • Check out business ideas that don’t require a lot of cash, like web development or travel planning.
  • Skip the cost of hiring people by pursuing solopreneurship. Possible ideas range from freelance writing to coaching.
  • Avoid paying commercial rent with a home-based business model, like personal training or fixing broken electronics.

Get Creative When Finding Ways to Cut Startup Costs

Try these hacks for minimizing your financial needs as a young business owner.

Try a Diversity of Funding Options

Traditional bank loans are just one of the many options available when it comes to financing your business. Here are some alternatives.

Embrace Free and Low-Cost Promotional Tools

You don’t have to spend big bucks on fancy ads and marketing. Here are some affordable tools to help raise your business’s profile.

If you’re a cash-strapped student with limited capital, starting a business might seem out of reach. It doesn’t have to be. Whether you’re using royalty-free videos to market your business or planning a fundraising event, the above guide provides some pointers to help you get your entrepreneurial journey off on the right foot, even if you aren’t rich.

Empowered Flower Girl offers youth tools to live more powerfully. Be sure to follow our social media channels for positive news, funding opportunities and empowering events.

Teach Your Child Money Lessons With These Invaluable Tips

By Laura Pearson

Teaching children how to be financially responsible is a big job, but if you start early, you can give them the tools they need to make good decisions for the rest of their lives. These days, there are many resources available that will help you and your child tackle financial literacy – from board games to phone software to online learning tools. Not only that, you can work in lessons on your own while you’re grocery shopping or setting up an allowance.

Keeping the conversation about money open with your kids is a great way to show them real-life examples, especially when you’re about to make a big purchase, such as a home. Talk to your kids about the process of home-buying and why it’s so beneficial for a long-term financial plan.

Include Your Children in the Process

When it comes to buying a house, including the entire family in the process will open up the conversation about what goes into financing, how to build up good credit and create some security for the future, and how to handle buying and selling according to what the market is like.

Talk to older kids about how the market either favors buyers or sellers and how the local economy affects a seller’s ability to attract potential buyers. Other factors include the season, how many homes are currently for sale in a given area, and current interest rates. Because there are so many details that go into buying or selling a home, involving your kids in the process now will help them understand it a bit better when they’re ready to do so on their own.

Let Them Shop with You

Handling big financial decisions as a family—such as buying a home—is a great way to teach young people about how it all works, but you can do it on a smaller scale as well. Going grocery shopping for the week is an excellent opportunity to teach your kids about the importance of a budget and how to stick to it, so write out a list and allow them to help you figure out how to plan for meals within the amount you want to spend. This real-life experience is invaluable for kids of many different ages.

Look for Fun, Money-Related Games

Another way to get in real-life experience with finances is to find cash-related games your kids will enjoy, such as Monopoly, Pay Day, or The Game Of Life, and play them as a family. You can also use real money and play your own games at home, allowing your child to become a banker or business owner who must give you change after a “purchase.” Talk to your kids about sales tax and how to plan for purchases, especially if they’re old enough to receive an allowance.

Let Them Take Responsibility with Credit

It can be daunting to hand over financial responsibility to your children, but setting up an allowance offers a great learning opportunity where saving and spending are concerned. You might even consider looking for a kid-friendly credit or debit card that allows you to load a certain amount, or setting up a checking or savings account in your child’s name. Additionally, you can use this opportunity to teach your children about credit scores and reports, how they work, and the importance of maintaining a good score — which can help you when it’s time to purchase that new home. This type of financial literacy is crucial to learn as kids get older, but starting early will help them see the value of money now.

Guide Them Through Long-Term Planning

As your kids age, it’s important to guide them through the process of making long-term plans and executing them. Having a sound financial plan is important for any path in life, but if your child has college aspirations, they need a sound plan for that as well. Begin the process of developing those plans with your children as they enter high school, and help them adjust as necessary through graduation and beyond.

Teach Them About Starting a Business

 When teaching your kids about starting a new company, there are a few key steps that you should focus on. The first is to help them write a solid business plan. This should include information on their target audience, their marketing strategies, and their budgetary needs for things like supplies and startup fees. It’s also important to discuss the importance of networking and connecting with other entrepreneurs, as this can be a valuable way to gain support and advice as they start out in the world of business. Finally, you should work with your child to identify any potential roadblocks or challenges that they might encounter along the way.

Teaching young people how to handle money and credit is a process that will help everyone in your family learn about the importance of being responsible. Utilize online resources when possible, help them develop long-term plans, teach them about starting a business, and keep the conversation about money open so you can answer any questions your children have.

Empowered Flower Girl strives to help positively strengthen the relationships between young people and those who care about them. Be sure to spend some time exploring the site to learn more about what we do.

Laura Pearson, of Edutude, is passionate about teaching the younger generation. Edutude was built to share resources on how to keep children engaged and in love with learning.