Category Archives: Young Entreprenuers

Triple 1070 Personal Finance Curriculum–A Review

top-logoWhile at the Home Educators Association of Virginia’s annual convention this summer I met a gentleman looking for reviewers of his new finance curriculum. Seeing as I have two young adults in my house that could use that kind of tutoring, (because I failed to cover it with them like I did the older two :/) I jumped at the opportunity.

Enter Triple1070 Biblical Personal Finance. I was given the set of DVD’s, the student text and workbooks, and the answer key in exchange for this review. This review is my honest opinion.

It amazes me how little young adults understand about the subject of personal finances. Finishing college with not only tens of thousands of dollars in student loans, but also credit card debt, just is not where I want to see my kids. So our family speaks openly about finances. We go over credit card offers with a fine-toothed comb and point out the pitfalls of them. We discuss our mortgage and how we’ve lowered it by pre-paying on the principle. We talk about investing and entrepreneurial endeavors and encourage our kids in starting their own businesses. But sometimes, someone, or some subject, falls through the cracks. And that is what I like about using a curriculum.

The Nuts and Bolts

Triple 1070 covers it all–everything that a person young or old needs to survive in the financial world. Beginning with a history of money and the banking system, it moves right into the need to have a bank account and how to manage one. It covers compound interest, the history of taxes, credit scores and what they mean, mortgages, insurance, and the risks and returns of investments. It covers way more than I could ever think up all by myself. 😉 This course also covers choosing a career, choosing to attend a trade school instead of college, and how to fund a higher education. And that’s just the boring stuff.

The cool stuff in this program are the real-life examples. The DVD’s follow four young adults from different backgrounds and of different ages as they interview professionals in the world of finance. From entrepreneurs to banking executives, they get the inside scoop on what it means to handle money wisely. They get the best advice you can get from folks that are older and wiser than their peers. And you get it, too, when you watch the DVD’s with them. (‘Cause that’s what homeschooling parents do, right?)

As far as the lessons, they are short. They give you hard to understand concepts in little bitty bites that are easier to chew on. Each lesson in the text is only a few pages and the corresponding video episode is roughly 15 minutes. If you choose to use the workbooks (which my kids didn’t feel a need to do) each lesson only has about 5-6 questions.

Okay, that’s all the great stuff, but I have to give you the not-so-great stuff.

The sound quality on the videos is poor. 🙁 I had trouble hearing the interviews, but the transitioning music was quite loud. Maybe I’m being picky, but for a 50-something mom, sound quality is important.

The only other negative thing, I almost hesitate to share, but I think that it might be an issue for others as well, so here goes. I sensed an underlying attitude in both the video and the text that we are entitled to wealth because we are Americans and that bothered me. My husband and I have been married almost 30 years. We have always practiced good financial habits, worked hard for what we have, have no debt other than our home, and frankly do not need folks like Dave Ramsey to help us; but we have never been wealthy. In fact, we have down-right struggled at times. And yet, we are both born Americans.

My son has served as a missionary in a third world country for over three years. He has used the same financial habits that we have taught him when working with young men there, and has helped them establish their own businesses so that they can escape the cycle of poverty and provide for their families. And yet, they are not Americans. In my opinion, sound financial principles work all over the world.

End of soapbox speech.

If those two downers don’t ruin it for you, get this curriculum. I was told it was for the high school level, but since I’m such a big proponent of young entrepreneurs, I think I’m gonna have my middle-schooler go through it next.

Oh, lest I forget, in addition to the curriculum, you can reap some other great benefits just by following their blog. Their most recent posts cover tax audits, bartering, and a review for an app for balancing your checkbook. Check them out here.

Blessings,

Young Entrepreneur Series–The Chicken Boy

young entrepreneurs

(This post contains affiliate links. That means if you click on one and buy something, I make a few pennies to support my blogging venture. 😉 )

I am having a blast interviewing young people with a mission. Not only are these kids passionate about something; they are taking their passions and turning them into money-making ventures.

Today I want to tell you about Jo. This 12 year old is not normal–if you get my meaning. Oh, he loves to watch movies and play video games and hang out with friends. But that only comes after his birds.

Jo got turned on to chickens when he met some bantams, purchased a few of his own, entered them into the county fair and took home blue ribbons. But this kid didn’t stop there. He wanted more. And, he wanted to share his love with others.

After working a weekend for his brother, clearing pasture and putting up fencing, Jo used his earnings to purchase an incubator. That simple piece of equipment took his passion to a new level. First, he hatched out a new flock of bantams for himself. Then, he hatched a bunch of laying hens for his mama. Next, he realized that if he sold a dozen eggs he made $3.50. But if he hatched a dozen eggs and sold the chicks, he could make $42. If you could choose between $3.50 and $42, which would you take?

An Entrepreneur is Born

Jo saw an ad on Craigslist for quail. When he went to purchase them, the woman selling them was aghast that he pulled his own money out of his own wallet to pay her. “You mean he’s got to pay for them himself?” she asked. “It’s his business,” his mother replied.

quail chickJo loved his new little birds and spent hours watching them in the pen. But that wasn’t enough. He wanted to hatch quail. You cannot hatch out two different types of birds in the same incubator at the same time because they require different temperature and humidity settings. So after selling his first batch of chicken chicks, Jo bought himself a second incubator. His mama said she feels like she lives in a poultry house–two incubators going in the living room, tubs of chicks lining the walls in the laundry room, the constant chirping of little birds.

It took him three tries to hatch a batch of quail (He’s working with the cheapest of equipment here, folks.) but he did it. They sold the next day! Then those customers gave him a dozen guinea eggs.

So far, Jo has sold his chicks word-of-mouth and he has a waiting list of potential customers. But when the second batch of quail didn’t sell instantaneously, he put a flier on the bulletin board at his local feed store and asked his mother to post them on Facebook.


What’s he saving his money for? A cabinet incubator that holds 300 eggs. What’s he want to do when he grows up? Own a hatchery business.

What do you think? Is this boy going places? Have any incubator stories you’d like to share? We’d love to hear them.

Blessings,

 

This post is linked to the Homestead Barn Hop.