Parents should nurture business at an early age.

However, instead of just teaching our kids to run a lemonade stand or cutting grass, we should be teaching them to build a small empire of stands or to spend their time finding several clients.

Then they can have other kids run the stands or do the cutting for them while they organize everything and run the business.

Teenagers should worry less about buying a car and more about buying real estate.

If they were to buy rental units or properties to flip early on (with Mom and Dad’s help), they could pay cash for a new house and a new car.