The smart young savers in Kimberly Britt's first grade class at Richland Elementary School in Memphis, Tennessee may not be able to spell "entrepreneur" yet, but she's teaching each one of them how they can become one.
Budding restaurateurs, cat sitters and dog walkers, these six- and seven-year olds are also learning the difference between "needs vs wants" and determining the "opportunity cost" of their economic decisions.
Britt reads a story about a young girl having to choose between using money she earned dog walking to buy a new vest or a bike.
Camille Clippinger, 6, says she understands why the girl decided to just decorate her old vest so she could save the money for a shiny new two-wheeler.
"She didn't have enough money so she had to get one or the other," Clippinger says.
Clippinger and her classmates are learning the importance of saving, budgeting, and entrepreurship through a program called Smart Tennessee. In the past 4 years, the program has reached over 70,000 students statewide in first through eighth grades.