The ultimate guide to an allowance system that actually works. Kid Ledger 5000 or KL5K is a fresh approach to the traditional weekly allowance and chores. Simply put – the traditional way doesn’t work. Conquer the age old challenge of chores and allowance with KL5K.
As a father of three and husband of over 16 years, David is grounded in the importance of family and good values. In his writings, he weaves both his personal and professional experiences into working models that can be applied to any household with simple, step-by-step guides. He arms his audiences with the tools needed to be successful, including real-world examples, detailed instructions, printable artifacts, and life hacks learned through trial and error.
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A few days earlier, Andrew had also invested $250 in a trading account. Did I mention he paid for it with his own money? Money he could have used to buy toys or junk food? Instead, he bought a stock that will continue to compound until he becomes an adult.
How did my 9-year-old earn that kind of dough? What led him to want to spend his money on something as boring as stocks? The answer is…….a simple ledger system. We tweaked and tuned the parts as we went along. Dropping what didn’t work and tuning what did. This book outlines the system we eventually created: Kid Ledger 5000, or KL5K. It is a system that outlines how to get your kids interested in and successfully using a budget, generating income, doing chores, providing for themselves and actually helping Mom and Dad.
Included in this book are step-by-step instructions, printable artifacts, troubleshooting tips, advanced strategies, and more. KL5K isn’t your typical chore chart or weekly allowance plan. We tried the tradition techniques and they just didn’t work. KL5K is unique in its approach and I am convinced it can help other families just like yours.
KL5K is part intuitive description, and part fun. I’ve always said you can add fun to just about any name if you add 5000 to it: Blender 5000, Gadget 5000, Fidget Spinner 5000. More fun, right? KL5K is a system that teaches you to how to get your kids interested in and successfully using a budget, generating income, doing chores, providing for themselves, and helping Mom and Dad in the process. It provides step-by-step instructions on what to do, how to do it, when to do it, and lessons learned so that you have the best chance of success. KL5K is a repeatable process, and it works regardless of how many children you have.
When KL5K is successful, both parent and child feel as though they got the better end of the deal. And isn’t this the ideal result of all transactions, whether in life or in business? Why have any other expectations with your kids?
To generate a win-win, you have to create an exchange of value between two parties. The parents might define value as things like a clean kitchen, empty garbage cans, a weed-free yard, an hour of babysitting. Kids typically define value as… Read more…