Today I had the wonderful pleasure of having 13 sets of bright eyes in a private Camp Millionaire program for a family reunion in Santa Barbara. What a delight. Their ages were 9-18 and it worked fine (except for one adorable little girl who just needed a little help with the addition part of the game envelope. Jan helped her out and she did great).
I did plan much and I knew I’d base the whole thing around the Money Game and just let it unfold. It worked great. This is what I did…
1) Beach ball activity: When I grow up I want to be…, When I grow up I want to do…, When I grow up I want to have. I tried My biggest dream is…but most of them couldn’t come up with one yet.
2) What is missing from the dollar (Instructions)
3) HMOY questions (depends on your group)
4) Decorated the room (principles, declarations and words)
5) Employer/Employee activity, introducing paychecks, taxes, social security, medicare.
6) First round of Money Game
7) Golden goose story/Money Jars/Jar sheets on wall (FC)
8) Circle of knowledge
9) Three most dangerous words (FC)
10) Three most powerful words (FC)
11) Second round of Money Game/Pay Yourself First
12) Power of a dollar
13) Rules to the Money Game contest (page in Playbook)
14) Third round of Money Game
15) Money Quiz (choice)
16) Fourth round of Money Game/Buying Assets
17) Three Pillars of Wealth (just talked about it. Would have ton the activity with more time)
18) Compound Interest Contest with M&Ms (I took 100 M&Ms and put them in one 2 gallon clear jar and 4500 and put them into a second 2 gallon clear jar. They each guessed what the 100 would turn into after 40 years at 10%:-). The 11 year old guessed it within 20 M&Ms!!!!
19) Power of compound interest (page from Playbook)
20) Car crash event (FC)…$100 deductible had to be paid or else their credit card expense went to $200 the next round.
21) Fifth round of Money Game/Introduce Passive Income vs. Earned Income
22) How to win the game: Financial Freedom happens when your Passive Income > Expenses of your chosen lifestyle.
23) Monkey Wants a Corner game – risk vs. reward
24) Circle ending with biggest learn, Moola contest ($50 savings bond)
25) Dollar bill – only have one chance to put it to work.
We took a 10-minute break mid-morning (fruit and pretzels and water), they had the beach ball to play with (kick around) before we started, there were no parents in the room which allowed the kids to really be themselves. All in all, we had a great time, they learned a lot and took away different things.
Things that were thrown in “Elisabeth style”:
• How you do anything is how you do everything
• Standing up tall, making a first impression, no hands in pocket, shaking hands
• College is just ONE way, not THE way. Lots of millionaires who never went to college
• Choice, choice, choice; every chance I could get.
• Anchored it, ‘do it myself’ by having them say it and touch their chest (we’ll learn about anchors soon)
• How great it feels to do good, help others
• How much more freedom they’ll have by owning the business instead of having the job. It serves others also by employing people
• Oh and there was lots more of course. You’ll throw in your own stories and it will be great.
I charged $750 for the program; 50% up front and balance the day of the event.
Setup: Music, snacks, principles, declarations and language of money words (and masking tape) on floor for decorating, flipchart, markers on chairs, chairs in semi-circle, expense bags on chairs in back, nametag station, Why is money important in on side wall, money jar sheets in front, snacks (brought by parents) on back table set up right before snack time and not before, water station (supplied by hotel), all game pieces (including black hats (courtesy of Silvia in Brasil), Money Jars, handouts ready, Money Quiz sheets ready, markers, pens, and my usual sense of humor.
So, just another way to go spread the word. You can sign the kids and parents up for longer programs and have books, my book (go sign up for the affiliate program at http://www.ultimateallowancebook.com) and handout items from banks, etc.
Go get ’em…Elisabeth