It's Possible - Kid Makes Money And Then Recognized As One Of The Richest Kids In America

Have you ever wondered if there are common traits that all successful entrepreneurs share? Most parents like it when their kids make money but what about becoming an entrepreneur, are there any clues? Today I want to introduce you to Allyson Ames who was recently recognized as one of the Richest Kids in America in a book by Mark Victor Hansen who you may know as the 'chicken soup for the soul' man.

Allyson is the founder and creator of Wonderland Bakery, which specializes in cupcakes, cookies and creative fun cakes. She was named the "Best Young Chef in America" at age 17 and in 2008 won the "California Business of the Year Award". At age 23 she is also considered one of Hollywood's hottest celebrities under the age of 25. All of this sounds good but how does this answer our question above about common traits of entrepreneurs?

Here is the first answer, Passion. If you ever study the lives of any successful people you will find that the main thing they have in common is they have great passion for what they do. Though they may have a desire to be successful and make a lot of money, these ideas become secondary to them pursuing their passions. One of the things passion does is it drives you to want to improve. In Allyson's case, this drove her to become the best chef and baker she could become. Though she always wanted to have a bakery she knew that wouldn't happen unless she became great at her craft. It is very natural to put in the time, energy and effort necessary to become great at something when you have a love for it. Parents, this is the lesson for your children. Encourage them to identify the things they love and help them to pursue them with your guidance. You can help your kids make money today which could be short term thinking, helping them pursue their passions can be setting them up for life. Besides, you will find it a lot easier to motivate your child toward what they love than in any other direction.

The second trait is that she followed her dream and this is also common. At age 5 Allyson made her first cupcake, but she also created a dream of one day owning her own bakery. Have your children ever shared their dreams with you of what they want to be when they grow up? What have you done with those dreams? Allyson knew from a young age what she wanted to be, she had a clear vision and at a young age started working towards her goal.

You see parents your child may be exhibiting these traits and it is your responsibility to explore them and to develop them. It is ok if your kids make money along the way, but even if they don't initially, having them pursue the things they love may produce long term results beyond anything you could ever imagine.