4 Successful Mom Entrepreneurs Who Inspire Us

Mompreneurs is more than just a cool word; it is symbolic of the greatness that women can achieve as mom entrepreneurs. It is no secret that motherhood is the most demanding role that a human can undertake, but it requires a special kind of woman to take care of a home and build a successful business at the same time.

Here is a list of successful mom entrepreneurs who give new meaning to the title “Super Mom.”

1: Sarah Davis/Fashionphile.com

Sarah Davis, the founder of Fashionphile in her storage room

Many times, it is a necessity that brings about success. Such was the case for wife and mother of four, Sarah Davis. In 1999, she was attending law school, and her husband was a med school student. Though they both had bright futures, Sarah admits that they “had no money coming in but a lot of money going out.” It was at this stage in her life that a routine trip to the mall proved itself to be fateful.

Sarah witnessed a woman buying a stack of blankets that were on clearance for $17 apiece, and she planned to sell them on eBay for $40 each. Sarah was so inspired by this stranger’s prowess and knack for buying products at clearance prices to resell at retail prices that she went home and began “selling everything…that wasn’t nailed down, and that was easy to ship.”

Soon, she turned her love for fashion into a business when she came up with Fashionphile.com and began selling high-end handbags from her own collection. Eventually, this evolved into her selling luxury bags for other women who wanted to turn their gently used high-fashion bags into cash.

Today, Sarah Davis is the head of a fashion reselling empire with two boutiques, one in San Francisco and another in Beverly Hills, and a headquarters in Carlsbad, Ca. Most importantly, she uses her business as a way to work with her kids and spend time with them as well, which seems to be a hallmark of mom entrepreneurs.

2: Julie Aigner-Clark/Baby Einstein

Julie Aigner-Clark, the founder of Baby Einstein

On the off chance that you have never heard the name Julie Aigner-Clark, the odds are even slimmer that you have not heard of Baby Einstein, which she founded. Inspired by her desire to incorporate a fun way to teach her daughters what Barney and Big Bird couldn’t, Julie gave birth to Baby Einstein, a series of books, cd’s, and DVD’s that teach children about music, poetry, and art.

Five years later, she had generated $25 million in revenue with only five employees, and then she sold Baby Einstein to Disney for a cool $20 million.

To date, Julie has co-created Safe Side with the patron saint of children’s safety, John Walsh, and inspired by her own bouts with breast cancer, she founded Cancer Assassins. Julie Aigner-Clark is arguably the golden standard for mom entrepreneurs everywhere.

3: Julia Hartz/Eventbrite

Julia Hartz and her husband Kevin, the founders of Eventbrite

Julia Hartz is one of the most successful mom entrepreneurs in the world, today. In 2006, when Julia founded Eventbrite; her goal was to “democratize ticket sales.”

She wanted to make it easier for individuals who want to buy or sell tickets to be able to connect with each other, and she, along with her husband Kevin, did just that. Julia calls Eventbrite her “second baby,” and the revenue that her second baby has been able to generate has all of the top business publications cooing about her.

In 2015, Julia made Fortune’s 40 under 40 list, in 2014 she made Inc’s 35 under 35 list, and in 2013 Fortune named her on their list of Most Powerful Women Entrepreneurs. Not only does she know how to generate cash flow, Eventbrite has brought in over $5 billion in earnings to date, but she also knows how to create the kind of workplace environment that employees love.

She has made San Francisco’s list of best places to work for seven years and still running. Fortune Magazine, who just can’t get enough of Eventbrite’s leading “Briteling,” put her company on their list of 100 Best Workplaces in the U.S., and Eventbrite also made Glassdoor’s Employees Choice Best Places to Work list. Julia Hartz is one of the most influential and successful mompreneurs and a heroine that all mom entrepreneurs can look up to.

4: Angela Benton/NewMe

Angela Benton, CEO and founder of NewMe

At the tender age of 16, Angela Benton became a single mother, but she didn’t let the deck being stacked against her at such a young age stymie her success. Today, a single mother of three, Angela has made the success of others her business.

She makes the list of inspiring mom entrepreneurs, being the founder of NewMe; this is a startup accelerator that seeks to give minorities in the industry of technology the guidance and funding to have a fighting chance in the ultra-ambitious Silicon Valley.

However, NewMe isn’t Angela’s first foray into the field of entrepreneurship. She founded Black Web 2.0, an online publication, in 2007 for African Americans interested in technology and news media. She was spurned by her agitation with the lack of representation of blacks in the fields of technology.

Therefore, she launched Black Web 2.0, which is now called B20 and is a subsidiary of her NewMe brand, she highlighted African American culture and technological developments by African Americans, and the marriage of the two.

Today, NewMe has helped launch and accelerate hundreds of startups. Most importantly, some of the entrepreneurs that she has aided have been able to raise $25 million in funding since she launched NewMe in 2011.

Now a single mother of three, Angela’s determination and tenacity in the face of odds that many would consider overwhelming have made her a hero not only to other mom entrepreneurs but also to the many hopeful entrepreneurs that she has helped to realize their dreams and potential. She is living proof to single mom entrepreneurs everywhere that obstacles are only rungs in the ladder to success.

Summing It Up

Every day, mom entrepreneurs are proving that women don’t have to choose between having a career and being a mother. These ambitious women are truly role models for all and not just other women. Special thanks to all of these inspirational women for showing us all how far a dream and determination can take you.

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DIY Baby Mobile – How to Make a Baby Mobile by Yourself

When you have a baby, it is just natural to want to give the tiny one everything they could possibly need. Even though they are not considered to be essential items, toys and ornaments are definitely a great way to show the baby love while teaching them basic abilities such as recognizing shapes and colors. Among the most popular of such items are baby mobiles for cribs. In this article, you will learn the steps of a DIY baby mobile.

However, the kind of mobiles that are sold in stores can be expensive and impersonal. For that reason, the present guide will show you how to build a DIY baby mobile from scratch. A fun and interesting baby mobile will captivate your little one and it makes a great nursery decor item.

a simple round-shaped baby mobile with the globe in its center

Step 1. Gathering Supplies

Apart from being simple to make, this type of DIY baby mobile uses very few materials. In order to create it, you will only need colored paper or card stock of five different colors, yarn or thread, an embroidery hoop and hot glue. If you are looking for extra security, you may use a sewing machine instead of glue to attach the parts of the baby crib mobile.

Step 2. Cutting Out Paper Shapes

Simple cut out between 15 and 20 shapes out of the colored papers. Of course, you can cut any shape you want your DIY baby mobile to have. However, it’s advisable to go for the most basic shapes (circles, squares, triangles and so on). This serves two functions.

On one side, simple shapes are easier for babies to understand and enjoy. On the other, basic geometric shapes are easier to cut out, making the job simpler for you. Cut the shapes as follows:

  • Color #1: 22 shapes of (approximately) 2 inches.
  • Color #2: 7 shapes of (approximately) 2 inches. 11 shapes of (approximately) 1.6 inches.
  • Color #3: 19 shapes of (approximately) 1.6 inches.
  • Color #4: 11 shapes of (approximately) 1.6 inches. 9 shapes of (approximately) 1.4 inches.
  • Color #5: 22 shapes of (approximately) 1.3 inches.

Step 3. Positioning the Shapes

After laying them on a table, spread the shapes around spaciously. Once that is done, use the shapes to form the 11 columns that will comprise the DIY baby mobile. Make sure there is at least one inch of space between shapes (both vertically and horizontally).

Keep in mind that the shapes do not have to be horizontally aligned with each other. Do not worry about the columns not have an even length as that makes for a more dynamic and fun design.

Have fun placing the shapes of different colors to make an aesthetically appealing, fun and warm design. Even though it may be tempting to organize the position of the shapes by color or size, try to distribute them in a seemingly random way.

a beautiful handmade air balloons baby mobile colored in blue and pink

Step 4. Attaching Yarn or Thread to the Circles

Once you are happy with the distribution of the shapes, it’s time to continue constructing your DIY baby mobile by attaching the yarn to the shapes. Often, people that want to know how to make a baby mobile complicate themselves by trying to poke holes in the shapes.

However, the simplest way is to draw a vertical line through the middle of each shape. Immediately after, place the yarn over all the shapes in one column. Finally, cut the yarn leaving 2 inches on one end and nothing on the other. Repeat that process for all the remaining 10 columns.

Step 5. Painting the Embroidery Hoop

Before going any further, it’s important to point out that the embroidery hoop should be made of a material that is resistant and capable of holding the paint. With that in mind, getting a wooden embroidery hoop is always a good idea.

Even though you can use any color you want to paint it, try to use one that is similar to any of the colors of the shapes to create uniformity. Before moving on to the next step making your DIY baby mobile, let the hoop dry for a good 15 minutes.

a beautiful clouds, moon, and stars baby mobile

Step 6. Attaching the Yarn to the Hoop

Once the embroidery hoop has dried completely, it’s time to attach the yarn or thread to it. Before tying any knots, make sure to measure and mark the distance that there will be between the threads, making sure it’s somewhat uniform. However, do not complicate yourself by trying to be too precise as small differences will not be noticeable at all.

In order to guarantee that your DIY baby mobile won’t fall apart at any point, make sure all the threads are tied securely and firmly. You can use any type of knot as long as it’s tight and doesn’t stand out too much.

Step 7. Hanging the mobile

The final step in your quest to make your own baby mobile is hanging it over your baby’s crib. In order to create something to hang it from, take two pieces of thread and cut them to about three feet long. Tie the end of one thread to the hoop. Then, take the other end of the same thread and tie it to the exact opposite side across the hoop.

After that, tie the second piece of thread to the hoop, precisely between the two ends of the thread you already tied. Finally, tie the free end of the second thread to the opposite side of the hoop. Again, make sure it’s tied precisely across the first end. As a result, you will have an x-shaped hanger that’s perfect for your DIY baby mobile.

Summing It Up

Having read through this entire piece, you are probably glad to realize it’s easy and fun to make your own DIY baby mobile. Besides the pride and satisfaction, making it will save you money and bring you closer to your little one.

By simply following these seven steps, you will create a unique object that will be stared at by your baby for hours at a time. Do you have your own technique to make a DIY baby mobile? If so, let us know in the comments!

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6 Tips on Giving an Allowance for Kids & How to Avoid Any Problems

There is absolutely no doubt that raising a child is hard work. Among the most important things to give your kid, providing lessons about handling and managing money is at the top of the list. One of the most crucial points regarding the financial education of children is setting up an allowance for them. Even though having an allowance for kids is mostly a good idea, there are problems that can appear as a result.

With that in mind, the present guide will shed light over some of these problems. Additionally, it will provide valuable tips on how to do it in a way that is satisfactory for all parties involved.

a small pink piggy bank placed on a large pile of dollar bills

6 Tips for Giving Kids an Allowance

1. Make a Plan

Before anything else, it’s highly important to make a plan that rounds up every aspect of the allowance-giving process. This includes the amount, the frequency of the payments and the conditions that have to be met by the child in order to get a payment.

Additionally, it’s always a good idea to be clear regarding the kind of things that the child can buy with their newly-earned money.

2. Have a Sit Down

Once you have figured out all the details, make sure to have a conversation with the child explaining every aspect of the plan. Describe all the rules thoroughly and clearly while making sure to emphasize what the consequences will be if they are broken.

To avoid future problems due to miscommunication, provide a list of the things the child can buy with this money. Simultaneously, be sure to give your child another list detailing everything they can’t buy using their allowance money (for example, fireworks, candy or video games).

3. Use it as a Learning Tool

One of the most important reasons for having an allowance for kids is that it can be a great learning tool. Apart from valuable financial lessons, an allowance can teach kids about responsibility, common sense, self-reliance, organization, delayed gratification, and socialization in general.

Make sure to be firm in terms of enforcing your own rules. Of course, kids being kids, at some point they will make mistakes. Still, mistakes are an important part of the learning process, particularly when you are there to explain what went wrong and how to avoid it happening again.

4. Teach Spending, Sharing and Saving

Most experts that recommend setting up an allowance for kids agree that it’s a great opportunity for teaching them not to spend everything they have. With that in mind, it’s a good idea to have kids buy into the concept of spending only a part of their weekly allowance.

The part that is not spent can be saved in a piggy bank or shared with others, especially those who do not have the luck of getting an allowance.

a simple table with several chores for kids to receive allowance

5. What About Chores?

One of the most divisive questions regarding having an allowance for kids is whether they should work for it or not. Without a doubt, withholding the allowance whenever the child refuses to do chores will teach a lesson.

However, the impact of other important lessons that can be taught through having an allowance will be diminished. There is no easy solution to this conundrum. However, whatever you decide should depend on the kind of lesson you think is more important for your child to learn.

6. Consider a Bank Account

Besides teaching about basic concepts regarding finances and life in general, having an allowance for kids can be the first step in providing lessons about fiscal responsibility. Once your child reaches a certain age (around middle school) it can be a good idea to get them a bank account.

Having a bank account is guaranteed to teach your children lessons about investing, earning interest, balancing a checkbook, and creating a fiscal budget. Still, it’s important to make yourself the custodian of that account, eliminating the possibility of deception and early-life financial problems.

How to Avoid Problems When It Comes to Having an Allowance for Kids

There is no doubt that kids need to learn how to manage their money. By having and managing their own money, they learn important concepts such as saving, planning, setting up goals, and delaying gratification. Additionally, having a small amount of money each week allows kids to make low-risk mistakes and to learn from them.

several transparent jars for kids' allowance

1: Begin This Process When the Time Is Right

Having an allowance for kids is definitely a good idea. Nevertheless, it should be done correctly in order to function to the advantage of your family. One of the main things to consider is when to begin having an allowance for kids. Many families start when their kids are five or six years old.

Others like to wait until the children are older than nine or ten. However, psychologists agree that the best time to start giving your children an allowance is whenever they begin to comprehend the concept of money.

2: Provide the Right Amount of Money

Another important thing to take into account when considering an allowance for kids is the amount. Without a doubt, it is a figure that will depend on factors such as your income and the area you live in. However, it’s also important to have a balance.

For obvious reasons, you definitely do not want it to be too little. However, giving a child too much money can be dangerous as it will send the wrong message and paint an inaccurate picture of how life works.

Summing It Up

In conclusion, having an allowance for kids is considered by most experts to be a positive thing. However, it is something that needs to be properly if you want to achieve good results and a positive outcome. It’s important not to lose sight of the main goal: teaching kids how to be financially responsible.

By following a few basic rules, you can reward your little ones while providing them with valuable lessons that will last a lifetime. Do you have any tips of your own regarding having an allowance for kids? Let us know in the comments!

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How to Pay Off Your Mortgage Quicker – 8 Ways

In order to teach you how to pay off your mortgage quicker, this guide will offer eight useful tips and strategies. The basic idea behind paying a mortgage early is fairly simple: send as much extra money to be applied to the personal balance as you can.

By doing this, you will be speeding up the payment process, resulting in its earlier conclusion. Of course, this will diminish the amount of money you will have every month for extraordinary expenses. However, this sacrifice will result in being debt-free earlier. At the same time, it entails finally being the proud and official owner of a home.

Here are some effective ways in which you can pay off your mortgage sooner than you might think.

the word mortgage on a green calculator placed on a desk

1. Make Bi-Weekly Payments

If you want to know how to pay off your mortgage earlier, making bi-weekly payments is a great method to try. Because there are 13 weeks in each quarter instead of 12, and there are 52 weeks in a year instead of 48, making bi-weekly payments allows you to complete a full extra payment each year.

2. Round Up Your Payments

If you don’t have too much extra money every month, a useful tip on how to pay off your mortgage is rounding up your payments. By adding a few dollars to each payment and reaching a round number, you will slowly but surely speed up your payment process. It’s important to note that these few extra dollars should go toward the payment of your main balance.

3. Make an Extra Payment Each Year

Some mortgage lenders do not allow bi-weekly payments. If this is the case with yours, ask if you can make an extra payment each year directly. In order to ensure you will have enough to make the extra payment, it can be a good idea to save up a twelfth of a full payment each month. After 12 months of doing this, you will have an extra payment ready to be sent.

4. Get Rid of Your Private Mortgage Insurance

If you are wondering how to pay off your mortgage not only faster but also at a discount, you will be pleased to know you can cancel your private mortgage insurance. This is an added charge that lenders require from anyone who obtains a home loan with a down payment of less than 20 percent. The good news is that this insurance can be canceled as soon as a mortgage balance is paid down to 80 percent of the original property value.

5. Set a Target Payoff Date Using a Mortgage Calculator

If you want to know how to pay off your mortgage by a certain date, it’s always a very good idea to use a mortgage calculator to know exactly how much you have to add to each payment. As always, make sure those extra dollars go to paying down your principal balance.

6. Refinance

Without a doubt, one of the most popular ways to pay off a mortgage quicker is to refinance for a shorter term or at a lower interest rate (or, even better, both). However, because refinancing is expensive, you need to be sure it will work to your advantage before taking the step. In order to be sure, you need to be vigilant of interest rates falling over one percent below what you’re currently paying.

a drawing of a house with a tree next to it and a symbolic pile of cash coming out of a drawer

7. Add an Extra Amount Each Month

Even though it may be the most obvious way to pay off a mortgage quicker, adding a bit extra each month is remarkably effective. Despite how much you add, if this is done continuously and rigorously month to month, the money will accumulate, bringing you closer to your goal. Be sure to put this extra money toward paying down your principal balance.

8. Use Your Windfalls

Even though most people pay their mortgages slowly and steadily, there is no law that prohibits you from making a big payment every once in a while. If you receive a large amount of money you weren’t counting on, it would be wise to put a big part of it towards an early payment of your mortgage.

How to Pay Off Your Mortgage on Time

1: Through Savings

If you want to know how to pay off your mortgage early, it’s safe to assume that you have an income that will allow you to do begin chipping away at your debt. Besides this extra inflow of money, it’s a great idea to have some savings. Ideally, these savings should amount to three to six months of your regular living expenses.

2: Through Fixed-Rate and Adjustable-Rate Payments

There are two basic types of mortgage payments: fixed-rate and adjustable-rate. Fixed-rate payments are divided between paying the debt and its added interest. The interesting part is that, initially, most of the payment goes to the interest and a proportionally inferior part goes to the debt.

However, this situation reverses as payments are made. For that reason, it’s a good idea to pay down your principal balance as quickly as possible, resulting in less accumulated interests and a faster conclusion of the payment process.

An adjustable-rate mortgage payment works differently: because it gets recalculated with each extra payment, the loan itself stays the same. Even though this prevents the term from decreasing, each extra payment lowers the interest on the remaining mortgage balance. This, of course, results in a faster conclusion of the mortgage payment process.

Summing It Up

If you read through this guide on how to pay off your mortgage quicker, you know there are various strategies you can use to get to your goal. Hopefully, you can apply one (or various) of them in order to become debtless and free. Even if it takes some time, it will undoubtedly be a huge step forward for you and your family.

Whatever strategy you use, paying your mortgage earlier demands sacrifice and discipline. However, the reward is one of the sweetest ones there are: Being the rightful owner of a home. Do you have any tips for paying off a mortgage faster? Leave a comment!

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