All 6-year-old Emmett wanted was a bike, but his father didn’t want to give it to him that easy, so he came up a clever idea. He told his son that he needed to earn the bike money himself. “He got some old toys and stuffed animals together and put them out for sale. He ended up making $70 that day. He made enough to get his bike. The next day, we happened to be walking around Sam’s Club and saw this snow cone machine. He asked if we could get that instead of the bike so he could start his own business and make more money.”
After a brief discussion the boy’s parents agreed to help him with his business, but on one condition – he had to sell snow cones for at least one hour every Saturday. “His first time out he made $12, then $17, then $25 and he’s been hovering around there ever since.” And just like that Emmett started his business with only a bag of ice and three flavors. “He’s responsible for tracking his supplies and knowing when he needs to buy more, spending the money for all future flavor purchases, repaying us for the other half of the snow cone machine, and paying ‘taxes’.” According to his dad, Emmett is planning to save his money for college, but little does he know that his ‘tax money’ is already going into his college fund!
“We would like our son to follow his passions in the future. Our only expectation for him is to grow up to be a good person who contributes to society. Although he enjoys selling snow cones now, he consistently tells us he wants to be ‘a library teacher and a karate teacher.’ He loves to read and he is currently a purple belt in his karate class, so it definitely makes sense to us why he gravitates to those professions.” Emmett’s father Jered told Bored Panda.
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Meet Emmett, a 6-year-old who really wanted a new bike
But his parents decided to teach their son a little lesson about money and responsibilities and told him he should earn the money himself
“He got some old toys and put them out for sale. He ended up making $70 that day. He made enough to get his bike”, said Emmet’s father
“The next day, we were walking around Sam’s Club and saw a snow cone machine. He asked if we could get that instead of the bike so he could start his own business”
Emmett’s parents agreed but with one condition – he had to sell snow cones for at least one hour every Saturday
“His first time out he made $12, then $17, then $25 and he’s been hovering around there ever since”
He started with a bag of ice and three flavors, and after he saved enough for a bike he decided to grow his business instead
“He’s responsible for tracking his supplies and knowing when he needs to buy more, repaying us for the other half of the snow cone machine, and paying ‘taxes’”
Emmett’s dad did check with the township to make sure he didn’t need a permit, so he wouldn’t get shut down like these kids on a memorial day
Image credits: Jennifer Knowles
Emmet now has 21 flavors and has been invited to local events to sell his snow cones, he even had a full fire truck of guys come out and show their support!
Even though Emmett is a successful businessman, right now he dreams to be ‘a library teacher and a karate teacher’
Emmett is planning to save his money for college, but little does he know that his ‘tax money’ is already going into his college fund!
“We would like our son to follow his passions in the future. Our only expectation for him is to grow up to be a good person who contributes to society”
Many people were praising Emmett’s father for teaching his son a valuable lesson about money and business
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