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Lemonade Stand8/31/2023 ![]() ![]() ![]() Involve your child in every step of the process Here are some best practices from Liz Frazier Peck, a New York-based, fee-only financial planner for Frazier Financial Consultants. ![]() While, inevitably, these kinds of lessons also involve risk and failure, there are strategic ways to teach your child key financial concepts while avoiding common pitfalls that can “sour” the experience. But “you learn it all when you do a lemonade stand.” “How often in school are being asked to learn and exercise selling skills, marketing skills, social skills, psychological skills right? It just isn’t done that much,” Jones told PBS NewsHour special correspondent Kavitha Cardoza. Scott Jones, an entrepreneur and the founder of the local Lemonade Day! program in Indianapolis, calls it “selling lemonade Version 2.0.” “How often in school are being asked to learn and exercise selling skills, marketing skills, social skills, psychological skills right? It just isn’t done that much.” ![]()
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