Trying for FI
Sharing stories and strategies from the daily grind toward our financial independence. We are a Queer blended family of five living in the Bay Area and are "late starters" dedicated to Trying for FI!
Trying for FI
Teaching Kids Money Skills: Slime and a $40 Business Loan
Ever thought about giving your kid a business loan? We did!
On our journey to financial independence, we want our kids to build confidence and real-world money skills early. So when our daughter pitched a plan for a slime business to sell to classmates, we decided to back it — with a $40 private loan from the family’s own “Homegrown Lending Department.”
In this episode, we cover:
• How we set up a simple loan contract with clear terms
• The social boundaries our kid navigated selling to peers
• How she's learning to track income, costs, and profit
• Why we believe kids' financial literacy is worth the mess and small risks
If you’re a parent dreaming of financially savvy kids — or just curious how to spark entrepreneurial thinking at home — this episode will make you smile and maybe inspire your own kitchen table startup.
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And our IG account @tryingforfi