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6 Ways to Recession-Proof Your Kids

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6 Ways to Recession-Proof Your Kids

Running a lemonade stand is a classic example of youth entrepreneurship at its best -- and seeing something through from start to finish can be an excellent learning experience for children. Point out ways in which your kids can use their hobbies or skills to fill a need. "When there is recession, some businesses close, and that will always leave some kind of a gap in the market that an individual can fill," says Peanut Butter & Co. founder Lee Zalben. Have a child who is great at an instrument? Why not suggest they teach lessons to other neighborhood kids for a nominal fee? This will help them develop an enterprising and resourceful nature.

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