Young Bucks is a great book that teaches parents how to mentor their kids to teach them how to be entrepreneurs and work hard to make money. It is simply and clearly written and full of important truths and inspiring ideas.
In the first part, Dunn helps the parent understand how profound his influence is on the child’s attitude toward work and money. He teaches us how to change our attitudes and alter our approaches to our kids. Stop sending the message that work is a necessary evil, that security comes from working for a big company, or that your child’s youthful, creative ideas are not likely financially viable.
Instead, we can cultivate in our children brilliantly creative minds. Help them dream. Teach them to organize their dreams in order to pursue them. Help them understand themselves and how they can key in on their unique perspective, talents, and interests in order to make money while doing things they love. Teach them to love working hard for a purpose. Train them not to fear failure, but to see it for the learning opportunity it is.
Dunn explains how to go about better understanding your child so you are prepared to teach them these lessons and mentor them as they move forward with starting a business. He gives about 30 ideas of businesses for the young entrepreneur. Dunn also explains how to handle many of the problems that will assuredly arise as an individual interacts with others while running a business.
I truly believe that entrepreneurship and leadership are two areas of our lives that must flourish if we are to be a free and prosperous people. Troy Dunn adds a competent, enjoyable voice to this discussion, and what he says ties in well with others, like Oliver DeMille.
I enjoyed taking notes as I read Young Bucks and read Dunn’s explanation of things I first read about in DeMille’s A Thomas Jefferson Education. Such lessons as: Individuals have unique missions, mentors are essential to raising principled, capable leaders, and education doesn’t come from institutions – it comes from an individual putting in the work to learn from books, examples, and experiences.
For any parent, I recommend you read this book and consider how we can do a better job of teaching our kids just how unique they are – and why. They are not entitled because they are special. Instead, they have a responsibility to magnify their souls in the service of those around them.
Usually, financial prosperity increases our freedom to help those around us.