A childs future is one of the most important things in any parents life and as the child gets older, they too start to think about the future and what the future holds in store for them. Sadly for many a college or university path is out of the question due to the high costs involved.
Yes there are the funds and savings plans you can pay into as soon as your child is born, but these cost money and to many families it is just not practical for them to do this. You can add small lump sums into a plan in the hope that once your child gets to the college age there will be some money in there, buy will this meet the many thousands that will be needed to fund them, guess not.
Another way is for the child to take out student loans, and once they have finished college and get a job they start to re-pay them back. While this is a solution and does work, the child is starting adult life in massive debt and may not pay off all the fees for many years. Not a very good start to adult life.
So what is the answer? Well they could get a job while at college, and work before and after college, but what about college work and exams. It can be fitted in but most part-time jobs take up many hours. Let us think out side the box we are in the 21st century and the age of computers. Teach your child and show them how to use sites such as eBay, Amazon etc, and how they can make money by buying low and selling high.
There are a few steps that you need to take to start with.
- Show and help them how to open an eBay and PayPal account.
- Maybe show them hot to open an Amazon Account.
- Take them through the whole process of how to list items on both platforms and how to offer good customer service.
Once this has been done you have done that old saying "Tell someone how to fish and feed them for a day, But show and explain how to fish and feed them for life" You have just shown your child how to provide for all their college and living fees. Plus they will have a business when they leave too.
Now it is best to start this process a few years before college so your child can build by money before they go, and their online business will be up and running. As for stock I know some parents who will buy the child a few pallets of items to sell, and then teach them how to re-invest some money and use profits to pay bills.
Another way you can teach them to buy from thrift shops, estate sales, car boots, and buy cheap and sell high. But what you sell does not matter that much as long as a profit is made, and the child can attend college and university debt free and live there debt free, and not worry about cash. And if they need a new laptop etc, they will know what to do............... Sell more stuff.
Hope this has helped you see how just thinking out side the box can let your child attend college, by using eBay and other ecommerce sites.
Yes there are the funds and savings plans you can pay into as soon as your child is born, but these cost money and to many families it is just not practical for them to do this. You can add small lump sums into a plan in the hope that once your child gets to the college age there will be some money in there, buy will this meet the many thousands that will be needed to fund them, guess not.
Another way is for the child to take out student loans, and once they have finished college and get a job they start to re-pay them back. While this is a solution and does work, the child is starting adult life in massive debt and may not pay off all the fees for many years. Not a very good start to adult life.
So what is the answer? Well they could get a job while at college, and work before and after college, but what about college work and exams. It can be fitted in but most part-time jobs take up many hours. Let us think out side the box we are in the 21st century and the age of computers. Teach your child and show them how to use sites such as eBay, Amazon etc, and how they can make money by buying low and selling high.
There are a few steps that you need to take to start with.
- Show and help them how to open an eBay and PayPal account.
- Maybe show them hot to open an Amazon Account.
- Take them through the whole process of how to list items on both platforms and how to offer good customer service.
Once this has been done you have done that old saying "Tell someone how to fish and feed them for a day, But show and explain how to fish and feed them for life" You have just shown your child how to provide for all their college and living fees. Plus they will have a business when they leave too.
Now it is best to start this process a few years before college so your child can build by money before they go, and their online business will be up and running. As for stock I know some parents who will buy the child a few pallets of items to sell, and then teach them how to re-invest some money and use profits to pay bills.
Another way you can teach them to buy from thrift shops, estate sales, car boots, and buy cheap and sell high. But what you sell does not matter that much as long as a profit is made, and the child can attend college and university debt free and live there debt free, and not worry about cash. And if they need a new laptop etc, they will know what to do............... Sell more stuff.
Hope this has helped you see how just thinking out side the box can let your child attend college, by using eBay and other ecommerce sites.
Andrew Milburn has been an active member of online auctions and other selling platforms such as Amazon for over 8 years. He loves the excitement of the online selling arena, but he also loves helping other people get the same buzz, and regularly coaches and teaches people in small groups or on their own. Andrew does have a blog that gives hints and tips about online selling and this can be found over at http://www.myauctionempires.com.
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