Episodi
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Summary
Scott Donnell and Chad discuss the need for financial education in schools and the limitations of traditional financial education methods. They emphasize the importance of real-life money skills and the need for students to learn by doing. They introduce DinnerTable.com as a solution for schools to incorporate hands-on financial education into their curriculum. They highlight the impact of financial education on families, communities, and the future success of young adults. They encourage listeners to share the information with schools and join the movement to transform education through practical financial skills.
Takeaways
Traditional financial education methods in schools are often ineffective and fail to teach real-life money skills.
Students learn best through hands-on experiences and practical application of financial concepts.
DinnerTable.com offers a solution for schools to incorporate real-life money skills into their curriculum.
Financial education in schools can have a positive impact on families, communities, and the future success of young adults.
Time Stamps
00:00 Introduction and Mission
00:32 The Need for Financial Education in Schools
04:33 The Importance of Real-Life Money Skills
05:33 Learning by Doing
07:03 The Role of Practical Skills in Education
09:04 DinnerTable.com as a Solution for Schools
10:46 The Impact of Financial Education in Schools
12:04 Building Stronger Communities through Financial Education
13:25 Conclusion and Call to Action
Want to take your family and your finances to the next level? Schedule a call with Dinner Table today.
â â https://scott.dinnertable.com/bookâ â
Download the Gravy Stack App for FREE (iOS)
â â https://apps.apple.com/us/app/gravystack-gamified-banking/id1635188175â â
Download the Gravy Stack App for FREE (Google Play)
â â https://play.google.com/store/apps/details?id=com.gravystack.gravystack&hl=en_US&gl=USâ â
Chadâs Best Seller Book:
â â â Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nestâ â â
Scottâs Best Seller Book
â â â Value Creation Kid: The Healthy Struggles Your Children Need to Succeedâ â â
Socials
Scott Donnell on LinkedIn - â â â linkedin.com/in/donnell-scottâ â â
Chad Willardson on LinkedIn - â â â linkedin.com/in/chadwillardsonâ â â
Scott Donnell on Instagram - â â â @imscottdonnellâ â â
Chad Willardson on Instagram - â â â @chad.willardsonâ â â
Scott Donnell on TikTok - â â â @imscottdonnellâ
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Summary
In this conversation, Scott Donnell and Chad discuss strategies for motivating and empowering kids. They emphasize the importance of finding what lights a child up and using that passion as a source of motivation. They also discuss the role of money in teaching kids about motivation and responsibility. The conversation explores the idea of giving kids control and responsibility over their own expenses and the benefits of creating opportunities for them to earn money. They also address the issue of hopelessness and mental health in kids and the importance of supporting them through struggles. The conversation concludes with a reminder to parents to initiate and show up for their kids, and the importance of community support and resources.
Takeaways
Find what lights your child up and use that passion as a source of motivation.
Teach kids about money and motivation by giving them control and responsibility over their own expenses.
Create opportunities for kids to earn money and learn the value of hard work.
Support kids through struggles and let them know that you have their back.
Time Stamps
00:00 Finding Motivation through Passions
00:58 Teaching Kids about Money and Motivation
03:12 Empowering Kids to Take Control of Their Lives
04:10 Creating Opportunities for Freedom and Responsibility
06:18 Teaching Kids to Be Financially Responsible Adults
07:09 Taking Accountability and Responsibility
09:43 Addressing Hopelessness and Mental Health
11:06 Creating Value and Building Confidence
12:29 Supporting Kids Through Struggles
13:39 Initiating and Showing Up for Kids
14:47 Community Support and Resources
Want to take your family and your finances to the next level? Schedule a call with Dinner Table today.
â https://scott.dinnertable.com/bookâ
Download the Gravy Stack App for FREE (iOS)
â https://apps.apple.com/us/app/gravystack-gamified-banking/id1635188175â
Download the Gravy Stack App for FREE (Google Play)
â https://play.google.com/store/apps/details?id=com.gravystack.gravystack&hl=en_US&gl=USâ
Chadâs Best Seller Book:
â â Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nestâ â
Scottâs Best Seller Book
â â Value Creation Kid: The Healthy Struggles Your Children Need to Succeedâ â
Socials
Scott Donnell on LinkedIn - â â linkedin.com/in/donnell-scottâ â
Chad Willardson on LinkedIn - â â linkedin.com/in/chadwillardsonâ â
Scott Donnell on Instagram - â â @imscottdonnellâ â
Chad Willardson on Instagram - â â @chad.willardsonâ â
Scott Donnell on TikTok - â â @imscottdonnellâ
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Episodi mancanti?
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Summary
In this episode, Scott and Chad discuss the importance of teaching kids to apologize and model genuine remorse. Chad shares a personal story about apologizing to a tire shop employee after initially getting upset over a tire repair. They emphasize the significance of teaching kids accountability and the value of apologizing in various relationships, including marriage and business. Scott and Chad also highlight the connection between apologizing and financial competency, as well as the importance of modeling forgiveness and reconciliation for children. They conclude by mentioning their sponsor, the Gravy Stack app, and encourage listeners to share the episode with others.
Time Stamps
00:00 Introduction
00:40 Chad's Story of Apologizing
06:15 Modeling Apology and Reconciliation
09:48 Apologizing and Financial Competency
13:21 Apologizing and Accountability
15:03 Conclusion
Want to take your family and your finances to the next level? Schedule a call with Dinner Table today.
https://scott.dinnertable.com/book
Download the Gravy Stack App for FREE (iOS)
https://apps.apple.com/us/app/gravystack-gamified-banking/id1635188175
Download the Gravy Stack App for FREE (Google Play)
https://play.google.com/store/apps/details?id=com.gravystack.gravystack&hl=en_US&gl=US
Chadâs Best Seller Book:
â Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nestâ
Scottâs Best Seller Book
â Value Creation Kid: The Healthy Struggles Your Children Need to Succeedâ
Socials
Scott Donnell on LinkedIn - â linkedin.com/in/donnell-scottâ
Chad Willardson on LinkedIn - â linkedin.com/in/chadwillardsonâ
Scott Donnell on Instagram - â @imscottdonnellâ
Chad Willardson on Instagram - â @chad.willardsonâ
Scott Donnell on TikTok - â @imscottdonnellâ
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In this special episode, Scott sits down with Brandon Turner to talk about it all. From family money skills to parenting advice, the next generation of kids, and family legacy, Scott and Brandon talk about all the secrets you need to know about building a Family Legacy today.
A special thanks to Brandon Turner and his team for having Scott on! Give him a follow on his podcast A Better Life w/Brandon Turner
https://open.spotify.com/show/7mkm7wrfHiBBYmK32faCfk?si=dc77a0cbc386417b
Description:
This episode combines insights on raising financially savvy children with effective parenting in the digital era. Featuring expert Scott Donnell, who has educated millions on children's financial literacy, it delves into his journey from a budding entrepreneur to becoming a champion for financial education among youths through his initiative, Gravy Stack. Donnell stresses the importance of instilling a robust work ethic and financial wisdom from a young age, aiming to prepare kids for responsible wealth management and to foster a healthier mindset about money. The conversation also navigates the complexities of digital parenting, addressing the challenges and dangers children face onlineâfrom inappropriate content to the persuasive power of social media and video games. It contrasts various parenting approaches, emphasizing a proactive, disciplined, yet loving family environment. The script underscores the importance of parental self-care and contemplates the legacy parents leave behind, advocating for a life that instills value and is remembered fondly.
00:00 Introduction and Meeting Scott Donnell
00:44 Scott's Early Life and Career Choices
02:17 The Importance of Financial Literacy for Kids
02:26 Scott's Entrepreneurial Journey
03:48 The Concept of Heritage vs Inheritance
04:53 The Impact of Money on Personal Behavior
12:03 The Role of Delayed Gratification in Child Development
33:52 The Evolution of Scott's Business Ventures
34:26 The Controversy Around Debt and Financial Education
35:39 The Creation and Impact of Gravy Stack
43:41 The Power of Brain Gigs: A New Approach to Learning
44:27 The Impact of Financial Literacy on Children
45:00 The Importance of Teaching Kids About Money
45:37 The Three E's: Expectations, Expenses, Extra Pay
46:00 The Power of Expenses: Teaching Kids Financial Responsibility
47:02 The Role of Gigs in Teaching Kids About Money
48:01 The Impact of Parenting on Kids' Financial Habits
49:24 The Importance of Kids' Independence and Responsibility
50:18 The Role of Kids in the Economy and Society
53:58 The Role of Faith in Parenting
54:45 The Importance of Nurturing Kids' Nature
57:44 The Importance of Protecting Kids from Negative Influences
01:03:52 The Role of Discipline in Parenting
01:21:53 The Importance of a Morning Routine
01:23:41 The Legacy of a Parent
Additional Links
Want to take your family and your finances to the next level? Schedule a call with Dinner Table today.
https://scott.dinnertable.com/book
Download the Gravy Stack App for FREE (iOS)
https://apps.apple.com/us/app/gravystack-gamified-banking/id1635188175
Download the Gravy Stack App for FREE (Google Play)
https://play.google.com/store/apps/details?id=com.gravystack.gravystack&hl=en_US&gl=US
Scottâs Best Seller Bookâ Value Creation Kid: The Healthy Struggles Your Children Need to Succeedâ
Socials
Scott Donnell on LinkedIn - â linkedin.com/in/donnell-scottâ
Scott Donnell on Instagram - â @imscottdonnellâ
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The episode of 'Smart Money Parenting' podcast features hosts discussing about innovative ways to help kids make money and understand the value of it. They stress the importance of teaching kids to charge for results rather than time and effort. Some of the activities mentioned include lawn mowing, car and pool washing, snow shoveling, grocery shopping for others, tutoring, sports coaching, and technology assistance. They also touched upon the concept of kids developing skills in entrepreneurship and creating their own small businesses. The hosts also reference 'Gravy Stack', a tool designed to help children learn to earn.
00:00 Introduction to Smart Money Parenting
00:03 The Concept of Making Money with Your Kids
01:51 The Importance of Charging for Results, Not Time
03:01 Real-Life Example: The Lawn Mowing Business
05:31 Brainstorming Other Business Ideas for Kids
13:58 The Power of Challenges and Learning by Earning
15:18 Conclusion and Invitation to Join DinnerTable.com
Additional Links
Want to take your family and your finances to the next level? Schedule a call with Dinner Table today.
https://scott.dinnertable.com/book
Download the Gravy Stack App for FREE (iOS)
https://apps.apple.com/us/app/gravystack-gamified-banking/id1635188175
Download the Gravy Stack App for FREE (Google Play)
https://play.google.com/store/apps/details?id=com.gravystack.gravystack&hl=en_US&gl=US
Chadâs Best Seller Book:
â Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nestâ
Scottâs Best Seller Book
â Value Creation Kid: The Healthy Struggles Your Children Need to Succeedâ
Socials
Scott Donnell on LinkedIn - â linkedin.com/in/donnell-scottâ
Chad Willardson on LinkedIn - â linkedin.com/in/chadwillardsonâ
Scott Donnell on Instagram - â @imscottdonnellâ
Chad Willardson on Instagram - â @chad.willardsonâ
Scott Donnell on TikTok - â @imscottdonnellâ
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On the 'Smart Money Parenting Show', hosts Chad Willardson and Scott Donnell discuss the critical role of mentorship in children's lives. They emphasize that mentors can reinforce the values parents instill in their children, helping them navigate through life's challenges and opportunities. The hosts share personal experiences and provide tips on how to be intentional about finding the right mentors. They also discuss the significance of mentors outside the immediate family, encouraging their kids to take advice from other trusted figures. The talk includes a discussion on the various aspects of being a good mentee such as preparation, initiative, implementation of advice, confidentiality, and gratitude. They recommend that parents actively seek mentors for their children to avoid leaving this crucial aspect to societal influences.
00:00 Introduction to the Importance of Mentorship
00:20 Welcome to the Smart Money Parenting Show
00:57 The Role of Mentorship in Teenagers' Lives
02:36 The Impact of Mentorship on Personal Success
05:12 Tips for Being a Good Mentee
07:30 The Importance of Taking Initiative as a Mentee
10:53 The Power of Connecting with the Right People
13:53 The Dangers of Unintentional Mentorship
14:40 Conclusion: The Power of Intentional Mentorship
Additional Links
Want to take your family and your finances to the next level? Schedule a call with Dinner Table today.
â https://scott.dinnertable.com/bookâ
Download the Gravy Stack App for FREE (iOS)
â https://apps.apple.com/us/app/gravystack-gamified-banking/id1635188175â
Download the Gravy Stack App for FREE (Google Play)
â https://play.google.com/store/apps/details?id=com.gravystack.gravystack&hl=en_US&gl=USâ
Chadâs Best Seller Book:
â â Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nestâ â
Scottâs Best Seller Book
â â Value Creation Kid: The Healthy Struggles Your Children Need to Succeedâ â
Socials
Scott Donnell on LinkedIn - â â linkedin.com/in/donnell-scottâ â
Chad Willardson on LinkedIn - â â linkedin.com/in/chadwillardsonâ â
Scott Donnell on Instagram - â â @imscottdonnellâ â
Chad Willardson on Instagram - â â @chad.willardsonâ â
Scott Donnell on TikTok - â â @imscottdonnellâ
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Scott Donnell and Chad Willardson focus on the principle of consistency, emphasizing its importance in both smart money parenting and investment. They emphasize that consistency helps children form crucial habits that define their character and worldview over time. They also dissect how consistency is key in nurturing investment, relating it to compound interest. With a wider perspective, they extend the analogy of consistency in investments to other life areas like health, academics, and daily routines. The duo insists the cruciality of unstinting practice and maintaining habits from a young age, emphasizing how it compounds over time, proving highly beneficial in the long run. The narrative also dissects the applications of consistency, explaining it as a strategy to guide childrenâs behavior in multiple contexts, like nutrition, physical activity, and carrying out chores. On a concluding note, the assertion is made that kindness should be practiced consistently as well.
00:00 Introduction to Smart Money Parenting
00:44 The Importance of Consistency in Parenting
01:34 Consistency in Home Routines
02:56 The Power of Consistency in Skill Development
05:05 Consistency in Investing and Financial Education
09:47 The Impact of Consistency on Personal Growth
12:22 Consistency in Daily Habits and Routines
13:19 The Long-Term Effects of Consistency
15:08 Consistency in Kindness and Final Thoughts
Additional Links
Want to take your family and your finances to the next level? Schedule a call with Dinner Table today.
â https://scott.dinnertable.com/bookâ
Download the Gravy Stack App for FREE (iOS)
â https://apps.apple.com/us/app/gravystack-gamified-banking/id1635188175â
Download the Gravy Stack App for FREE (Google Play)
â https://play.google.com/store/apps/details?id=com.gravystack.gravystack&hl=en_US&gl=USâ
Chadâs Best Seller Book:
â â Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nestâ â
Scottâs Best Seller Book
â â Value Creation Kid: The Healthy Struggles Your Children Need to Succeedâ â
Socials
Scott Donnell on LinkedIn - â â linkedin.com/in/donnell-scottâ â
Chad Willardson on LinkedIn - â â linkedin.com/in/chadwillardsonâ â
Scott Donnell on Instagram - â â @imscottdonnellâ â
Chad Willardson on Instagram - â â @chad.willardsonâ â
Scott Donnell on TikTok - â â @imscottdonnellâ
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In this episode of the Smart Money Parenting show, hosts Chad Willardson and Scott Donnell discuss the significant differences between Smart Money Parents and regular parents. They emphasize that Smart Money Parents raise their children to be future adults who are prepared to face the real world. This involves teaching kids to create value and handle money independently instead of relying solely on their parents. Other discussions include the importance of praising children's choices and decisions rather than just their natural gifts, encouraging a mindset of continuous learning, and treating children as investments rather than expenses. They conclude by mentioning their workshop at dinnertable.com.
00:04 Introduction to Smart Money Parenting
00:29 The Difference Between Smart Money Parents and Others
01:17 The Impact of Smart Money Parenting on Children
02:23 The Challenges of Default Parenting
03:28 The Importance of Intentionality in Parenting
04:08 The Power of Mindset Shifts in Parenting
05:48 The Role of Choices in Smart Money Parenting
07:55 The Investment Perspective of Smart Money Parents
13:49 The Value of Learning and Growth in Smart Money Parenting
16:02 Conclusion and Invitation to Further Learning
Additional Links
Want to take your family and your finances to the next level? Schedule a call with Dinner Table today.
â https://scott.dinnertable.com/bookâ
Download the Gravy Stack App for FREE (iOS)
â https://apps.apple.com/us/app/gravystack-gamified-banking/id1635188175â
Download the Gravy Stack App for FREE (Google Play)
â https://play.google.com/store/apps/details?id=com.gravystack.gravystack&hl=en_US&gl=USâ
Chadâs Best Seller Book:
â â Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nestâ â
Scottâs Best Seller Book
â â Value Creation Kid: The Healthy Struggles Your Children Need to Succeedâ â
Socials
Scott Donnell on LinkedIn - â â linkedin.com/in/donnell-scottâ â
Chad Willardson on LinkedIn - â â linkedin.com/in/chadwillardsonâ â
Scott Donnell on Instagram - â â @imscottdonnellâ â
Chad Willardson on Instagram - â â @chad.willardsonâ â
Scott Donnell on TikTok - â â @imscottdonnellâ
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In the latest episode of Smart Money Parenting, hosts Chad and his co-host emphasize the importance of transforming passion into profit. They highlight the necessity to not only pursue hobbies, but to also recognize opportunities to monetize these interests as viable paths for wealth creation. The hosts provide various examples using both their lives and their children's lives. They stress the importance of providing tools and knowledge to children so that they can discover their unique abilities and potentially transform these into profitable avenues. They also focus on the narrative that people need not only have a traditional job to make money, but can also grant value to others and make a living in any area they are passionate about and skilled in. The hosts emphasise how this approach to work could drastically change the 'work is drudgery' mentality and provide a more fulfilling work life.
00:04 Introduction to Smart Money Parenting
00:41 The Importance of Turning Passion into Profit
02:11 Understanding Kids' Dreams and Aspirations
02:42 Leveraging Skills and Capabilities into Profit
03:22 Examples of Turning Passion into Profit
06:40 The Role of Schools in Nurturing Passion
07:12 The Importance of Enjoying Your Work
11:11 The Impact of Passion on Job Selection
12:41 Conclusion: The Power of Turning Passion into Profit
Additional Links
Want to take your family and your finances to the next level? Schedule a call with Dinner Table today.
â https://scott.dinnertable.com/bookâ
Download the Gravy Stack App for FREE (iOS)
â https://apps.apple.com/us/app/gravystack-gamified-banking/id1635188175â
Download the Gravy Stack App for FREE (Google Play)
â https://play.google.com/store/apps/details?id=com.gravystack.gravystack&hl=en_US&gl=USâ
Chadâs Best Seller Book:
â â Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nestâ â
Scottâs Best Seller Book
â â Value Creation Kid: The Healthy Struggles Your Children Need to Succeedâ â
Socials
Scott Donnell on LinkedIn - â â linkedin.com/in/donnell-scottâ â
Chad Willardson on LinkedIn - â â linkedin.com/in/chadwillardsonâ â
Scott Donnell on Instagram - â â @imscottdonnellâ â
Chad Willardson on Instagram - â â @chad.willardsonâ â
Scott Donnell on TikTok - â â @imscottdonnellâ
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In this episode of Smart Money Parenting, Scott and Chad discuss overcoming insecurity and fostering confidence in children. They stress that true confidence doesn't come from external validation but from keeping commitments to oneself and creating value for others. They emphasize the importance of kids learning about money, being self-reliant, and taking on challenges. Chad shares personal anecdotes about his children to illustrate how confidence is boosted when they exhibit financial responsibility. Both hosts emphasize that confidence is critical for both personal and financial success, and parents can help instill this in their kids.
00:00 Introduction
00:21 Welcome to Smart Money Parenting
00:46 The Importance of Confidence in Kids
02:04 Building Inner Confidence vs Surface Layer Confidence
02:25 The Role of Commitment in Building Confidence
03:06 The Misconception of Confidence and Insecurity
04:46 The Power of Keeping Promises to Yourself
05:08 The Difference Between Insecurity and Confidence
05:42 The Contagious Nature of Confidence
08:30 The Role of Value Creation in Building Confidence
10:34 The Impact of Earning Money on Kids' Confidence
14:10 Conclusion: From Insecurity to Confidence
14:31 Closing Remarks and Thanks
Additional Links
Want to take your family and your finances to the next level? Schedule a call with Dinner Table today.
https://www.dinnertable.com
Chadâs Best Seller Book: â Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nestâ by Chad Willardson
Scottâs Best Seller Book: â Value Creation Kid: The Healthy Struggles Your Children Need to Succeedâ by Scott Donnell and Lee Benson
Scott Donnell on LinkedIn - â linkedin.com/in/donnell-scottâ
Chad Willardson on LinkedIn - â linkedin.com/in/chadwillardsonâ
Scott Donnell on Instagram - â @imscottdonnellâ
Chad Willardson on Instagram - â @chad.willardsonâ
Scott Donnell on TikTok - â @imscottdonnellâ
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In this episode, Scott and Chad talk about the one benefit that companies aren't offering... and how they are solving the problem.
Additional Links
Want to take your family and your finances to the next level? Schedule a call with Dinner Table today.
â https://scott.dinnertable.com/bookâ
Download the Gravy Stack App for FREE (iOS)
â https://apps.apple.com/us/app/gravystack-gamified-banking/id1635188175â
Download the Gravy Stack App for FREE (Google Play)
â https://play.google.com/store/apps/details?id=com.gravystack.gravystack&hl=en_US&gl=USâ
Chadâs Best Seller Book:
â â Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nestâ â
Scottâs Best Seller Book
â â Value Creation Kid: The Healthy Struggles Your Children Need to Succeedâ â
Socials
Scott Donnell on LinkedIn - â â linkedin.com/in/donnell-scottâ â
Chad Willardson on LinkedIn - â â linkedin.com/in/chadwillardsonâ â
Scott Donnell on Instagram - â â @imscottdonnellâ â
Chad Willardson on Instagram - â â @chad.willardsonâ â
Scott Donnell on TikTok - â â @imscottdonnellâ
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In this episode of the Smart Money Parenting Show, hosts Chad Willardson and Scott Donnell delve into the topic of 'money trauma,' a form of childhood trauma that often goes undiscussed. They examine how attitudes and behavior around money during childhood can significantly shape people's financial behaviors in adulthood. The pair warns that without addressing and healing from this trauma, people may continue to perpetuate harmful financial habits, possibly passing them down to the next generation. They also stress the need to see money as a tool rather than a status symbol or a measure of self-worth. The hosts encourage listeners to reflect on their own 'money trauma', to discuss it with their children and to endeavor to lead by a better example financially.
00:00 Introduction to Money Trauma
01:36 Understanding the Impact of Money Trauma
02:30 The Relationship with Money
03:11 The Consequences of Money Trauma
03:33 Examples of Money Trauma
07:41 The Influence of Parents' Money Habits
09:41 The Importance of Addressing Money Trauma
09:56 How to Become a Smart Money Parent
13:00 Conclusion and Call to Action
Additional Links
Want to take your family and your finances to the next level? Schedule a call with Dinner Table today.
â â https://scott.dinnertable.com/bookâ â
Download the Gravy Stack App for FREE (iOS)
â â https://apps.apple.com/us/app/gravystack-gamified-banking/id1635188175â â
Download the Gravy Stack App for FREE (Google Play)
â â https://play.google.com/store/apps/details?id=com.gravystack.gravystack&hl=en_US&gl=USâ â
Chadâs Best Seller Book:
â â â Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nestâ â â
Scottâs Best Seller Book
â â â Value Creation Kid: The Healthy Struggles Your Children Need to Succeedâ â â
Socials
Scott Donnell on LinkedIn - â â â linkedin.com/in/donnell-scottâ â â
Chad Willardson on LinkedIn - â â â linkedin.com/in/chadwillardsonâ â â
Scott Donnell on Instagram - â â â @imscottdonnellâ â â
Chad Willardson on Instagram - â â â @chad.willardsonâ â â
Scott Donnell on TikTok - â â â @imscottdonnellâ
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Scott and Chad are back at it for 2024 and excited to bring you more great content. In this episode, they discuss the importance of teaching kids about financial independence at an early age. They identify three ways to make money: selling time, selling products, or investing capital. They emphasize the potential of the digital era that allows children and teenagers to learn anything for free and create passive streams of income. The idea is to motivate kids to think beyond the traditional hourly wages or salary jobs and explore creative ways of making money. In addition, the potential value of transformative approaches such as investing capital at a young age, drop shipping businesses or creating a tech product is highlighted.
00:00 Introduction
00:41 Welcome to Smart Money Parenting
01:32 The Three Ways to Make Money
02:40 Examples of Selling Time, Products, and Investing Capital
07:42 The Power of Compounding Interest
09:56 The Importance of Diversifying Income Streams
13:11 The Value of Results Over Time and Effort
15:46 Conclusion: Encouraging Kids to Think Outside the Box
Additional Links
Want to take your family and your finances to the next level? Schedule a call with Dinner Table today.
â â https://scott.dinnertable.com/bookâ â
Download the Gravy Stack App for FREE (iOS)
â â https://apps.apple.com/us/app/gravystack-gamified-banking/id1635188175â â
Download the Gravy Stack App for FREE (Google Play)
â â https://play.google.com/store/apps/details?id=com.gravystack.gravystack&hl=en_US&gl=USâ â
Chadâs Best Seller Book:
â â â Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nestâ â â
Scottâs Best Seller Book
â â â Value Creation Kid: The Healthy Struggles Your Children Need to Succeedâ â â
Socials
Scott Donnell on LinkedIn - â â â linkedin.com/in/donnell-scottâ â â
Chad Willardson on LinkedIn - â â â linkedin.com/in/chadwillardsonâ â â
Scott Donnell on Instagram - â â â @imscottdonnellâ â â
Chad Willardson on Instagram - â â â @chad.willardsonâ â â
Scott Donnell on TikTok - â â â @imscottdonnellâ
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In this episode of the Smart Money Parenting Show, co-hosts Chad Willardson and Scott Donnell dive into the topic of spenders versus hoarders. They discuss the different attitudes and behaviors associated with each type, emphasizing the importance of being frugal rather than cheap. The hosts offer insights on how to identify and manage these personality types, providing useful tips for finding a healthy balance between spending and saving. Tune in to learn more about the spender and hoarder profiles and gain valuable advice for navigating financial decisions.
Spending vs hoarding: different attitudes towards money
Cheap vs frugal: understanding the difference
Status and emotions drive overspending
Money habits often stem from childhood experiences
Healing and balance are key to smart money parenting
Mentioned in this episode
gravystack.com/smart
gravystack.com/igniter
smartmoneyparenting.com
smartmoneyparenting.com/followus
Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest by Chad Willardson
Value Creation Kid: The Healthy Struggles Your Children Need to Succeed by Scott Donnell and Lee Benson
Scott Donnell on LinkedIn - linkedin.com/in/donnell-scott
Chad Willardson on LinkedIn - linkedin.com/in/chadwillardson
Scott Donnell on Instagram - @imscottdonnell
Chad Willardson on Instagram - @chad.willardson
Scott Donnell on TikTok - @imscottdonnell
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In this episode of Smart Money Parenting, hosts Scott Donnell and Chad Willardson discuss the concept of the "pink tax." They explain that the pink tax refers to the tendency of products marketed towards women to be more expensive than similar products marketed towards men. This phenomenon has been present for decades but is now being exposed. The hosts highlight that simply adding a feminine touch to a product can increase its price by 30 to 43%. They encourage listeners to question the cost of products and not simply accept the status quo. This episode aims to raise awareness about the pink tax and empower consumers to make informed financial decisions.
Pink tax: phenomenon of products marketed towards women being more expensive
Products affected: razors, shampoo, dry cleaning, haircuts, clothing, footwear, gloves, hats, medicines
Price increase: 30-43% for feminine products
Importance of price comparisons and questioning costs
Conversation about societal pressures and self-worth in relation to beauty and consumerism
Mentioned in this episode
gravystack.com/smart
gravystack.com/igniter
smartmoneyparenting.com
smartmoneyparenting.com/followus
Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest by Chad Willardson
Value Creation Kid: The Healthy Struggles Your Children Need to Succeed by Scott Donnell and Lee Benson
Scott Donnell on LinkedIn - linkedin.com/in/donnell-scott
Chad Willardson on LinkedIn - linkedin.com/in/chadwillardson
Scott Donnell on Instagram - @imscottdonnell
Chad Willardson on Instagram - @chad.willardson
Scott Donnell on TikTok - @imscottdonnell
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In this episode of Smart Money Parenting, hosts Chad and Scott celebrate the Christmas season by expressing gratitude for their healthy and happy families. They share 9 tips to for the holiday season! Tune in for a heartwarming discussion on the importance of investing in the long-term well-being of our families. Merry Christmas to all!
Tips for not spoiling kids during Christmas
Prioritize experiences over material gifts
Embrace giving and involve kids in charitable activities
Encourage creativity with homemade gifts
Invest in learning through books and educational resources
Mentioned in this episode
gravystack.com/smart
gravystack.com/igniter
smartmoneyparenting.com
smartmoneyparenting.com/followus
Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest by Chad Willardson
Value Creation Kid: The Healthy Struggles Your Children Need to Succeed by Scott Donnell and Lee Benson
Scott Donnell on LinkedIn - linkedin.com/in/donnell-scott
Chad Willardson on LinkedIn - linkedin.com/in/chadwillardson
Scott Donnell on Instagram - @imscottdonnell
Chad Willardson on Instagram - @chad.willardson
Scott Donnell on TikTok - @imscottdonnell
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In this episode of Smart Money Parenting, Scott and Chad discuss the importance of helping children develop a strong sense of self-worth and identity. They emphasize the need for children to know that they are loved and valued, regardless of their achievements or performance. By addressing the biggest fear that every child has, they explore how parents can support their children in building a healthy self-image. Tune in to gain insights on fostering a positive identity in your children.
Kids fear not being loved or feeling like they're not enough
Parents need to reinforce their child's worth and value
Identity shapes decisions and behaviors
Values and vision are important in shaping a child's identity
Reminding kids of their worth and potential helps them thrive
Mentioned in this episode
gravystack.com/smart
gravystack.com/igniter
smartmoneyparenting.com
smartmoneyparenting.com/followus
Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest by Chad Willardson
Value Creation Kid: The Healthy Struggles Your Children Need to Succeed by Scott Donnell and Lee Benson
Scott Donnell on LinkedIn - linkedin.com/in/donnell-scott
Chad Willardson on LinkedIn - linkedin.com/in/chadwillardson
Scott Donnell on Instagram - @imscottdonnell
Chad Willardson on Instagram - @chad.willardson
Scott Donnell on TikTok - @imscottdonnell
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In this episode of Smart Money Parenting, the hosts discuss the challenge of getting kids to care about money. They highlight that only 5% of kids are naturally entrepreneurial and interested in money, while the majority don't even want to talk about it. The hosts emphasize the importance of giving kids a motive to earn money and cover expenses, as this will help them develop a sense of responsibility and understanding about finances. Tune in to learn more about how to get your kids to care about money in the right way.
Teenagers need a motive to care about money
Kids won't care about money until they have to
GravyStack app helps kids earn and manage money
Teaching kids responsibility and choice-making is important
Setting up a system with trust and responsibility can help kids learn about money
Mentioned in this episode
gravystack.com/smart
gravystack.com/igniter
smartmoneyparenting.com
smartmoneyparenting.com/followus
Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest by Chad Willardson
Value Creation Kid: The Healthy Struggles Your Children Need to Succeed by Scott Donnell and Lee Benson
Scott Donnell on LinkedIn - linkedin.com/in/donnell-scott
Chad Willardson on LinkedIn - linkedin.com/in/chadwillardson
Scott Donnell on Instagram - @imscottdonnell
Chad Willardson on Instagram - @chad.willardson
Scott Donnell on TikTok - @imscottdonnell
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Scott and Chad discuss the importance of teaching children manners and respect. They share personal stories and experiences that have made an impact on them, such as their children being praised for their respectful behavior. They emphasize the need for kids to learn respect for adults, have good attitudes, and engage in age-appropriate conversations. They also mention how these traits stand out to adults and the positive effects they can have on children's confidence and capabilities.
Mentioned in this episode
gravystack.com/smart
gravystack.com/igniter
smartmoneyparenting.com
smartmoneyparenting.com/followus
Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest by Chad Willardson
Value Creation Kid: The Healthy Struggles Your Children Need to Succeed by Scott Donnell and Lee Benson
Scott Donnell on LinkedIn - linkedin.com/in/donnell-scott
Chad Willardson on LinkedIn - linkedin.com/in/chadwillardson
Scott Donnell on Instagram - @imscottdonnell
Chad Willardson on Instagram - @chad.willardson
Scott Donnell on TikTok - @imscottdonnell
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In this episode of Smart Money Parenting, Chad and Scott talk about entitlement and the different ways to prevent the behavior in children.
Mentioned in this episode
gravystack.com/smart
gravystack.com/igniter
smartmoneyparenting.com
smartmoneyparenting.com/followus
Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest by Chad Willardson
Value Creation Kid: The Healthy Struggles Your Children Need to Succeed by Scott Donnell and Lee Benson
Scott Donnell on LinkedIn - linkedin.com/in/donnell-scott
Chad Willardson on LinkedIn - linkedin.com/in/chadwillardson
Scott Donnell on Instagram - @imscottdonnell
Chad Willardson on Instagram - @chad.willardson
Scott Donnell on TikTok - @imscottdonnell
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