To give their kids a head start on crucial business skills, parents are pouring money into unconventional extracurriculars, from high-end baseball card collecting to social etiquette for 6-year-olds (by RobinMadell)
, a business readiness and etiquette business, has also seen the lengths some wealthy parents will go to give their kids an edge in a job market that may be more than a decade away.
These private teachers, she said, offer a wide range of extracurriculars to assuage the fears of worried parents, creating everything from sensory bins for toddlers to teaching math through a game of hopscotch. "They spend a couple of hours when they are there learning the track," Stone said. "Our kids are both interested in racing, which is a pretty expensive sport. However, it is very competitive and keeps them very busy." Each child's kart costs $4,000, according to Stone. Other accoutrements of the sport — including a helmet, suit, shoes, and memberships to the track — cost an additional $5,000 in total for each youngster.
This summer alone, she said, the teen has traded upwards of $100,000 worth of baseball cards. He and his parents are hoping that his experience might position him for a highly competitive undergraduate business program, as well as a side business of his own that will make him an asset to dream vocations ranging from a venture capitalist to stock advisor to major league sports team manager.
"As we continue to teach our kids about our small business, this is something we ultimately plan to pass down to them in the future," Jonathan said.The parents involve the kids in every step of the process, from analyzing potential investments to going on site of a rehabilitation project to understanding how to scale the business.
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