In his new children’s book, The Real Estate’s: A Real Estate Investing Family, author Ivan Nemorin teaches children about real estate investing, fostering a love of entrepreneurship at an early age. In the story, the Real Estate’s son, Maddox, doesn’t understand why his family owns several properties. Why do they own so many homes, even though they already have a house to live in? To teach Maddox about real estate and entrepreneurship, his parents take him through the process of listing and renting out a home.
Nemorin says, “I want children to be exposed to entrepreneurship at an early age. My books are a tool parents, teachers, and adults in any walk of life can use to provide an educational resource for their children.” Most young people never have the opportunity to learn about the world of entrepreneurship. The goal of The Real Estate’s: A Real Estate Investing Family is to prepare young people for entrepreneurship and to plant the seeds of prosperity for their futures.
I had a chance to interview Ivan to learn more.
How can you teach kids about entrepreneurship?
Teaching kids as early as possible is best. When you introduce the basic principles at an early age. Kids tend to lean on those concepts as they grow older. So we can introduce the concept of profits. We can lead by example by showing a profit on anything purchase. My mom was a major contributor to my entrepreneurial spirt. She would take me to wholesale markets and buy costume jewelry and bedsheets. She would then turn and sell them at a profit. I got to witness the process of a purchase then a resale at a profit.
What are some age-appropriate lessons you can teach kids about entrepreneurship at different ages?
At ages 5-8 we can teach kids the concept of earning money. Provide a service such as mowing the lawn and for that service you can get paid. Or with normal chores around the house they can get a money in return. By doing this we are showing them how to earn money. At age 8 and up we can begin to teach them how to make a profit by buying and selling. A good is example is to have them buy something they would like to sell and turn a profit, i.e. base ball cards or any sport cards, cookies, candy, the list goes on.
How can you foster a love of entrepreneurship early in kids?
Introducing the concept of profit is a great way. As soon as you can get them to sell something and make a profit the better. It will also help build self esteem and skills that help build self- esteem children usually hold on to.
How can you teach kids about real estate in investing?
One great way to teach real estate investing is through my favorite board game monopoly. Monopoly has all the basic foundational knowledge of Realestate investing. You have buying property, paying rent when you land on someone else’s property. You have the cash flow concept and property ownership all wrap up in one game.
Your books depict a black entrepreneurial family. Why is it important for children of color to see examples of urban entrepreneurship? My book is base on a true story of my family. We notice the need for to share our story with urban America because most images of black families in the media tend to be negative. We also wanted to share a resource that urban America tend to miss out on at an early age. This early exposure to Realestate entrepreneurship can supply another avenue to create wealth.
Ivan Nemorin
Ivan Nemorin is a proud husband and father to his baby boy, Maddox Creed. He is also an entrepreneur who has invested in real estate and owned several businesses and has an outstanding portfolio in real estate.
As a young child, Ivan Nemorin did not have many resources. Everything he knows about real estate he read about or taught himself as an adult. Ivan is very passionate about being able to teach children the ins and outs of real estate, so they are able to grasp the knowledge and information at an early age.
He believes we live in a society where athletes and entertainers are celebrated, and most urban kids grow up idolizing said individuals and believe it’s the only way to obtain success. He notices the lack of educational resources for our urban children, so he has geared towards entrepreneurship children's books.
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