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.

⁠⁠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

Chad’s Best Seller Book: 

⁠⁠⁠Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest⁠⁠⁠ 

Scott’s Best Seller Book

⁠⁠⁠Value Creation Kid: The Healthy Struggles Your Children Need to Succeed⁠⁠⁠ 

Socials

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

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.

⁠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

Chad’s Best Seller Book: 

⁠⁠Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest⁠⁠ 

Scott’s Best Seller Book

⁠⁠Value Creation Kid: The Healthy Struggles Your Children Need to Succeed⁠⁠ 

Socials

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

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.

⁠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

Chad’s Best Seller Book: 

⁠⁠Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest⁠⁠ 

Scott’s Best Seller Book

⁠⁠Value Creation Kid: The Healthy Struggles Your Children Need to Succeed⁠⁠ 

Socials

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

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.

⁠⁠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

Chad’s Best Seller Book: 

⁠⁠⁠Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest⁠⁠⁠ 

Scott’s Best Seller Book

⁠⁠⁠Value Creation Kid: The Healthy Struggles Your Children Need to Succeed⁠⁠⁠ 

Socials

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

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.

⁠⁠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

Chad’s Best Seller Book: 

⁠⁠⁠Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest⁠⁠⁠ 

Scott’s Best Seller Book

⁠⁠⁠Value Creation Kid: The Healthy Struggles Your Children Need to Succeed⁠⁠⁠ 

Socials

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

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

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

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

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

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

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

 

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

 

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

Chad’s Best Seller Book: 

⁠Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest⁠ 

Scott’s Best Seller Book

⁠Value Creation Kid: The Healthy Struggles Your Children Need to Succeed⁠ 

Socials

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

In this Thanksgiving episode of the Smart Money Parenting Show, hosts Chad and Scott discuss the power of gratitude and the importance of appreciating what we have. They share their favorite Thanksgiving foods and traditions, including mashed potatoes, pumpkin pie, stuffing, and playing football with friends. The hosts also reminisce about past Thanksgiving mishaps, such as injuries from turkey bowl games. Tune in for a lighthearted and grateful conversation about the holiday season.

• Overestimate what can be done in a year.
• Underestimate what can be done in 10 years.
• Gratitude increases happiness.
• Gratitude reduces frustration and anger.
• Gratitude fosters generosity.

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

 

In this episode of Smart Money Parenting, Chad and Scott discuss their recent transformative experience at a men's event in the mountains of Colorado. They emphasize the importance of dads supporting each other and debunk the traditional idea that men should suppress their emotions. They explore the ways spouses can support the dads and men in their lives. Tune in for powerful insights and breakthroughs for fathers and leaders.

• Protect and provide for your family

• Be vulnerable and seek help

• Importance of having a support system

• The impact of isolation on mental health

• The power of vulnerability in fatherhood

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

 

In this episode of the Smart Money Parenting Show, Chad and Scott dive deep into the topic of childhood trauma around money. They discuss how understanding the atmospheric conditions in someone's life can help us understand the decisions they make. The hosts emphasize the importance of transforming childhood trauma and preventing it from happening in our own families. While they acknowledge that they are not licensed counselors, they offer resources for those who may need professional help. Listeners are encouraged to listen to this impactful episode multiple times.

• Childhood trauma around money

• Impact on decisions and behaviors

• Importance of discussing money as a family

• Identifying and addressing money mindsets

• Transforming trauma into positive change

 

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

 

In this episode of Smart Money Parenting, Scott and Chad discuss the importance of focusing on the needs and desires of clients rather than getting caught up in the details of how a product or service works. Using the analogy of selling a Tylenol pill, Chad emphasizes that people don't care about the intricacies of a solution; they only care about the end result it provides. They urge parents to teach their kids the lesson of framing their actions and decisions in simple terms to meet the needs of others rather than getting caught up in unnecessary details.

• Solving problems and helping others is the key drive.

• Selling is about understanding what customers want and need.

• Teaching kids to be unselfish and self-aware.

• Focus on the benefits and the dream, not just the features.

• Help people solve their pain points and make their headaches disappear.

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

 

In this episode of the Smart Money Parenting Show, Chad and Scott discuss the importance of being aware of who is influencing your kids. They emphasize the value of having a strong inner circle and how it can impact your children's lives. They explore the role of friends and peers in shaping your child's goals, interests, and mindset. The hosts also touch on the financial aspect and how factors like zip code and school can play a role in your child's financial future. Tune in to gain insights on how to build a positive and influential inner circle for your kids.

• Importance of inner circle for kids

• Influence of peers and trusted adults

• Choosing influential people for inner circle

• Being aware of who is influencing kids online

• Building intentional dinner table conversations

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

 

In this episode of Smart Money Parenting, Chad and Scott discuss the importance of attitude and effort in sports. They share their experiences as parents of kids involved in various sports and how they strive to raise financially competent, emotionally intelligent, and emotionally strong children. The main topic of the episode is emotional regulation in sports, specifically addressing parents' behavior in the bleachers. Chad shares his personal experience of attending over a thousand youth sports games and emphasizes the need for parents to remain calm and composed during these events.

• Sports and emotional regulation

• Calming down in the bleachers

• Importance of attitude and effort in sports

• Negative impact of overly competitive parents

• Teaching kids character and emotional intelligence through sports

   

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

 

In this episode of Smart Money Parenting, Scott Donnell and Chad Williamson discuss the importance of mental health for young people. They address alarming statistics that show the prevalence of mental health challenges among children and teenagers, such as depression and thoughts of self-harm. The hosts emphasize the need for parents to take these issues seriously and to actively work towards preventing them. With their combined nine children, Scott and Chad share their personal concern for their own families and the desire to ensure their children's well-being. Mental health matters, and this episode aims to raise awareness and promote sensitivity towards this critical topic.

• Mental health challenges for young people are increasing.
• Cyberbullying and online comments can be harmful.
• Parents need to have open conversations about mental health with their kids.
• Physical health and serving others can improve mental health.
• The GravyStack app is a helpful tool for families.

 

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

 

In this episode of Smart Money Parenting, Chad and Scott discuss the importance of family fitness and how to help kids stay healthy in a world dominated by screens. They highlight the increased screen time children have today and the impact it can have on their physical well-being. They emphasize the need for kids to get outside and engage in physical activities to support their overall development. Tune in for valuable insights on modeling healthy habits as a family.

• Importance of modeling fitness for kids
• Impact of sedentary lifestyle on children's health
• Connection between health habits and wealth habits
• The compound effect of healthy habits over time
• The benefits of physical activity for family bonding and communication

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

In this episode of Smart Money Parenting, Chad and Scott discuss the importance of teaching kids about passive income and revenue streams. They emphasize the need for multiple sources of income and the risks of relying on just one. The hosts introduce the idea of teaching children to earn money while brushing their teeth, a simple and practical way to introduce them to the concept of passive income. They explain the benefits of passive income and revenue streams and how it can provide financial security in uncertain times. This episode offers valuable insights for parents looking to teach their kids about financial independence.

• Teaching kids about passive income and revenue streams
• Importance of having multiple sources of income
• Investing in stocks, real estate, and other opportunities
• Planting seeds for long-term financial success
• Promoting an abundance mindset for financial growth

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

 

In this episode of Smart Money Parenting, Scott and Chad discuss how food can be a great tool for teaching children about money. They share practical ways to incorporate money lessons into everyday activities like cooking and grocery shopping. They also highlight the concept of the "dad tax" as a fun way to teach kids about expenses. Tune in to discover how to use food to teach your children important financial principles.

• Teaching kids cooking skills and budgeting at the grocery store
• Using food to teach kids about the price of food and money
• The dad tax as a way to teach kids about taxes
• Using the Gravy Stack app to teach kids about coupons and saving on groceries
• The dinner budget challenge to teach kids about budgeting and cooking at home

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

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 online—from 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

Scott’s Best Seller Book

⁠Value Creation Kid: The Healthy Struggles Your Children Need to Succeed⁠ 

Socials

Scott Donnell on LinkedIn - ⁠linkedin.com/in/donnell-scott⁠ 

Scott Donnell on Instagram - ⁠@imscottdonnell⁠

In this episode of Chad and Scott are excited to announce their upcoming event where they plan to break a world record for the most kids learning about financial literacy on a live stream. They share details about the event, including the date and how listeners can join their Facebook group to access the recordings. They express their excitement about the event and their hopes to bring in even more influential names. Listeners are encouraged to take action and start learning about financial literacy today.

• World record event for most kids learning financial literacy
• Goal setting and preparing for the future
• Setting goals and working backwards
• Vision boarding and I am statements
• Overcoming obstacles for success
• Measurable and attainable goals

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

 

In this episode of Smart Money Parenting, Scott and Chad discuss the right attitudes for heading back to school. They share their own experiences and offer insights on how parents can set their kids up for success. They emphasize the importance of having a positive mindset and making a good first impression. Tune in to learn more about fostering a healthy back-to-school attitude.

• Importance of bringing your best self to school
• Shifting mindset from self-centered to value creation
• Focusing on adding value to others and serving as a friend
• The impact of positive energy and attitude on success
• Encouraging kids to think about how they can help and serve others

 

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

 

In this episode, Chad and Scott discuss the power of words and how they can impact our lives. They emphasize the importance of using positive and empowering language, especially when it comes to parenting. They highlight the phrases "I am" and "I can" and the impact they have on our mindset and actions. By avoiding negative words and replacing them with more empowering phrases, parents can help their children develop a positive relationship with money and success. The hosts also share advice on how to ensure that the words we use encourage and uplift our children, ultimately propelling them towards success.

• Importance of using empowering words with children
• The impact of words on mindset and behavior
• Reframing negative stories and narratives
• Teaching gratitude and the power of positive language
• The significance of staying calm and composed during conflicts with 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

 

In this episode, Chad and Scott delve into the topic of how the story we tell our kids about money can have lasting effects on their financial mindset. They emphasize the importance of recognizing the influence our own childhood experiences have on our attitudes towards money and how we unknowingly pass them on to our children. They discuss the potential negative impacts, such as entitlement, anxiety, and trauma, that can result from not being aware of the stories we are telling about money. By understanding the power of the narratives we create, we can avoid driving our kids over the potholes of financial missteps and instead foster a healthy and empowered relationship with money for future generations.

• The story you tell your kids about money will stay for generations.
• The story of your money can ruin your kids.
• The story of money can create high stress and anxiety.
• Money should be viewed as a tool, not the end-all be-all.
• Parents should have conversations about their own childhood stories and how they want to shape the story of money for their kids.

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

 

In this episode of Smart Money Parenting, Scott and Chad discuss the importance of having your money work for you rather than working for your money. They emphasize the distinction between assets and liabilities, with assets being defined as something that generates income. They provide insights on how to escape the job trap and share practical tips for getting your money to work for you. Tune in to learn how to raise amazing kids while achieving financial freedom.

 

1. The difference between assets and liabilities.
2. Assets are defined as things that pay you money, while liabilities are things that cost you money.
3. Focus on buying and investing in assets.
4. Financial freedom is achieved by having your money work for you
5. Teach children about setting goals to accumulate assets for financial security.

 

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

 

In this episode of Smart Money Parenting, Scott Donnell and Chad Willardson discuss the challenges and transitions that come with becoming a parent. They acknowledge the immense responsibility and hard work that parents carry, comparing them to superheroes. From the simple act of going to the beach to planning a short getaway, they highlight the shift from a life of "me" to a life of "we" when you have kids. They emphasize the importance of changing your perspective and adapting to prioritize the needs of your children.

• Importance of instilling positive beliefs in children
• The power of words in shaping a child's identity
• Examples of how positive reinforcement can lead to positive changes in behavior
• The impact of negative comments on a child's self-perception
• The role of parents and adult figures in providing a sense of identity and belief 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

 

 

In this episode of the Smart Money Parenting Show, hosts Chad Willardson and Scott Donald discuss the importance of prioritizing family as your number one business. They emphasize how parents who are successful in their careers should also prioritize their role as parents and create a strong foundation for their family. By investing time and energy into their family, parents can create a positive and nurturing environment for their children. The hosts highlight the limited window of time parents have to influence and bond with their kids, and provide tips on how to be present and engaged in their children's lives. Ultimately, they stress the importance of building a strong family unit that supports and uplifts one another.

• The most important business is the one you come home to at the end of the day.
• Prioritize your family and make them the focus of your calendar and energy.
• Treat your family like a business, with meetings, plans, and goals.
• Success in your family will lead to success in other areas of your life.
• Make the most of the time you have with your children before they turn 18.

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

 

In this episode of Smart Money Parenting, Scott and Chad discuss the importance of instilling the right beliefs and mindsets in children. They emphasize that children will believe what their parents say about them, and share personal stories to illustrate this point. They highlight the need for parents to encourage their children's gifts and make them feel supported. Tune in to learn more about shaping your child's beliefs for success. 

• Importance of instilling positive beliefs in children
• The power of words in shaping a child's identity
• Examples of how positive reinforcement can lead to positive changes in behavior
• The impact of negative comments on a child's self-perception
• The role of parents and adult figures in providing a sense of identity and belief 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

 

In this episode of Smart Money Parenting, Scott and Chad discuss the importance of training and discipline in raising children. They emphasize that discipline is a result of a lack of training and introduce the concept of "boot camps" for children. The hosts share their own experiences and how they have implemented boot camps in their families. Listeners are encouraged to review, share, and spread the word about the podcast to support the mission of empowering families.  

• The podcast episode discusses the concept of boot camps as a way to teach discipline and training to children.
• The hosts emphasize that all discipline issues in a family can be attributed to a lack of training.
• They provide a list of boot camps for different age groups, ranging from zero to five years old, six to nine years old, and 10 to 13 years old.
• The boot camps cover various skills and values, such as proper behavior in public, household chores, time management, mental toughness, and financial responsibility.
• The hosts highlight the importance of teaching children practical skills and fostering a love for learning outside of school.

  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   amazon.com Value Creation Kid: The Healthy Struggles Your Children Need to Succeed Value Creation Kid: The Healthy Struggles Your Children Need to Succeed (70 kB) https://www.amazon.com/gp/aw/d/1636801463/ref=tmm_pap_swatch_0?ie=UTF8&qid=&sr=          

 

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In this episode of Smart Money Parenting, the hosts discuss how to master money without losing your identity. They are joined by Financial Expert and Writer of "Investing is your Super Power" ; Empowered Planning, Shinobu Hindert, who shares her insights and expertise on the topic. The conversation explores the importance of not tying money to one's identity and focusing on underlying values. They also discuss the hurdles that parents face in managing their own finances and teaching their kids about money. This episode offers valuable advice and guidance for parents seeking to navigate the world of personal finance.

• Biggest hurdles for parents in managing finances: lack of time and decision fatigue
• Advice for parents who are intimidated by personal finance: start with the basics, be transparent about current financial situation, and set future goals
• Importance of automating financial decisions and creating a roadmap for financial planning
• Teaching kids about money: explaining the impact of money in everyday life, encouraging open conversations about money, and answering their questions
• Success story of a client who gained confidence and paid off debt through empowered planning
• Importance of understanding one's money story and money mindset
• Having conversations with spouses about money: understanding each other's values and financial priorities, avoiding conflict, and finding common ground
• Removing identity from money and focusing on underlying values and goals

Mentioned in this episode 

https://www.empoweredplanning.com/ 

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

Shinobu Hindert on LinkedIn: https://www.linkedin.com/in/shinobu-hindert

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

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

Chad’s Best Seller Book: 

⁠Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest⁠ 

Scott’s Best Seller Book

⁠Value Creation Kid: The Healthy Struggles Your Children Need to Succeed⁠ 

Socials

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

In this episode of Smart Money Parenting, Scott and Chad invite their dads to share their experiences on parenting. They discuss the importance of taking time to teach children about practical life skills, such as money management. They emphasize the need to show kids the real world and help them understand actions, reactions, and financial responsibilities. The dads reflect on their own parenting journey, both the successes and mistakes that shaped their children's lives. Tune in to hear their valuable insights on raising financially responsible kids.

• Importance of taking time to teach and show children values and practical skills
• Emphasizing the importance of accountability and living within means
• Teaching children about the real world and the ebb and flow of actions, reactions, money, and spending
• Reflecting on the simplicity of practical lessons in financial management
• Introducing the guests, Chad's dad and Scott's dad, for a discussion on their parenting experiences
• Sharing background information on the guests, including their careers, marriages, and children
• Discussing the concept of bringing parents to work and the fun of having them as guests on the podcast
• Highlighting the importance of learning from parents' successes and mistakes in order to understand how they got to where they are today
• Sharing personal stories and experiences from the guests' parenting journeys
• Discussing the price of gas and houses when the guests were newlyweds
• Reflecting on the challenges and uncertainties of the late 70s and how it compares to the current times
• Emphasizing the importance of a strong work ethic and the value of education
• Discussing the lessons of integrity and the importance of family history and legacy
• Sharing personal stories and examples of lessons taught to children, such as saving for college and the value of generosity
• Reflecting on the resilience and strength gained from going through difficult times as a family
• Discussing the importance of time spent with children, regardless of quantity or quality, and the impact it can have on their lives
• Offering advice to younger parents, including taking time to teach and show children what is important, being accountable, and living within means

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

In this podcast episode, the Scott & Chad discuss their mission of financial education and success building in young people. They talk about the overwhelming response they receive from people who want to get involved and help. They also mention their upcoming event where they plan to break a world record for the most kids learning about financial literacy live on a livestream. They then shift the conversation to the importance of setting goals for kids and how it can help them think about something bigger than themselves. They mention a book called "Be Your Future Self Now" that inspired discussions with their own teenagers about setting goals and becoming the person they want to be in the future.

Bullet Point Break Down;

• Breaking a world record for the most kids in history participating in a live stream to learn financial literacy skills.
• Mention of notable guests and influencers participating in the event.
• Discussion on the importance of setting goals and thinking about a future version of oneself that matters enough to take action today.
• Reference to the book "Be Your Future Self Now" by Dr. Benjamin Hardy and its impact on teenagers.
• Explanation of the MAP (Motivation Ability Prompt) system for taking action on goals.
• Examples of using the MAP system for flossing teeth and doing push-ups.
• Importance of setting up prompts and reminders to support goal achievement.
• Mention of the "Start Your Day" habit and the concept of working backwards to set goals.
• Introduction to the concept of a strategy circle for kids and families to overcome obstacles and reach goals.
• Encouragement to make goals simple, measurable, and attainable.

How to Keep your Kids Accountable; 

• Emphasize the importance of setting goals that are simple, measurable, and attainable.
• Discuss the concept of SMART goals (Specific, Measurable, Achievable, Relevant, Time-bound).
• Encourage kids to think about their future selves and what they want to achieve.
• Teach kids to work backwards from their desired outcome and set smaller, actionable goals.
• Introduce the idea of creating vision boards or I am statements to visualize and reinforce goals.
• Use prompts and reminders to help kids stay motivated and accountable.
• Encourage kids to identify and overcome obstacles that may hinder their progress.
• Discuss the concept of perseverance and the importance of taking action towards goals.
• Highlight the benefits of having an accountability partner or support system.
• Encourage kids to celebrate milestones and successes along the way.

Mentioned in This Episode:

Elevate Experience 2023

Empower Over 15,000 Kids in a record Breaking Financial Literacy Event 

https://www.elevate.kids

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

 

In this episode, both Scott Donnell and Chad Willardson discuss the right mindset for back-to-school season. They emphasize the importance of bringing one's best self, making a good first impression, and approaching challenges as opportunities for personal growth. The hosts also share advice on how parents can support their children in developing a positive attitude towards school.

• Encourage your child to embrace new opportunities and make new friends.
• Shift their mindset from focusing on being with their best friends to creating value for their classmates.
• Teach them to think about how they can serve and add value to others in the classroom.
• Emphasize the importance of bringing their best self and making a positive first impression.
• Help them develop a mindset of growth, positive energy, and serving others.
• Focus on the value they add to others' lives rather than just their own achievements.
• Prepare them to be a powerful force in the world by instilling traits of success and leadership.

 

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

Stop doing things for your kids, just do things with them

• The Importance of Quality Time with Your Kids
• Making Memories with Your Children
• Prioritizing Family Time over Work
• Parenting with Peace of Mind
• Doing Things Together: The Key to Strong Parent-Child Relationships
• Parenting Beyond Providing: The Power of Shared Experiences
• Creating Lasting Bonds with Your Kids
• The Value of Presence in Parenting
• Building Connections through Shared Activities
• Making Every Moment Count with Your Children 

In this episode of Smart Money Parenting, Scott Donnell & Chad Willardson discuss the importance of focusing on doing things with your kids rather than just for them. They emphasize that while parents often work hard to provide for their children, what truly matters is the quality time spent together. By prioritizing activities and experiences with their kids, parents can find peace of
mind and strengthen their relationships. Tune in for practical tips and advice on how to make the most of your time with your children.

"When I look back, I don't remember a lot of things that my parents even really taught me, but I do remember the times we were together."

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

What do you want to be when you grow up? In this episode, Scott Donnell and Chad Willardson discuss why this is one of the most destructive questions parents can ask their kids. They also reveal how the question puts undue pressure on children  as well as better ways to understand your kid's interests and passions.

• Scott starts the conversation by describing why you should stop asking your kids what they want to be when they grow up.

• When you ask your kids what they want to be when they grow up, their answers are often based on pleasing you.

• Scott describes how kids went from wanting to be doctors, firemen, and astronauts to social media influencers and YouTube content creators.

• Scott and Chad describe how parents can have conversations with their kids about goals, dreams, and aspirations.   

• If someone is doing what they love while solving a need in the world, that's the perfect career.

• According to Scott, 50% of all jobs today did not exist 15 years ago. That's why we must focus on skill sets and unique abilities that could go into a hundred different jobs.

• Help your kids understand there's flexibility. People change careers and change industries all the time, and that's okay.

• Chad explains why it's never a good idea to pigeonhole your kids and force them to follow your career path.

• For Scott, the type of career your kid will have is based on their current interests and passions.

• Scott explains how your kid's unique abilities are the keys to a happy, satisfying life full of wealth, knowledge, clarity, and confidence.

• Chad and Scott discuss the best ways to talk to your kids about their future careers.

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

Does your kid think they’re better than everyone else? Scott Donnell and Chad Willardson discuss how thinking your kids deserve special treatment damages their future. They also reveal a better way to motivate your kids and make them feel proud of their accomplishments.

• Chad and Scott agree that the best parents tell their kids, “you’re special to me.” Not, “you deserve special treatment.”
• According to Chad, telling your kids they deserve special treatment makes them walk around with a chip on their shoulder.
• Scott’s definition of humility - a clear self-estimation of who you are in the world.
• For Scott, true self-esteem is built by letting your kids know that they are special to you. Not telling them that they deserve special treatment.
• Although you’d want to love your kids as much as possible, you must also give them an accurate view of their place in the world.
• Chad talks about the unfortunate reality of modern parenting.
• Telling your kids that they’re superior doesn’t build self-esteem; it breeds narcissism.
• Scott and Chad agree that if you teach your kids to believe they are superior to everyone else and they deserve special treatment, you’re setting them up for failure later in life.
• Chad’s golden rule of parenting - praise and reward effort, not outcomes. Your kids cannot control the outcome. But they can control their effort and their attitude.
• Scott goes over the long-term consequences of parents doing everything for their kids.
• For Chad, doing everything for a child might initially sound harmless, but parents must also consider the long-term consequences of raising their kids in a bubble.
• Chad and Scott discuss the foundational elements of a smart money parent.
• Scott covers ways parents can teach their kids how to create value in the real world.
• Scott talks about the confidence and capability matrix - and why it’s so important for kids to start building concrete capabilities.
• Chad and Scott agree that it’s cheaper and safer for your kids to fail at home than in the real world.
• Scott shares a crazy hiring story where a parent accompanied their child to a job interview.
• According to Chad, failure in kids is okay - kids need to experience and overcome failure if they are to succeed in the real world.
• What to do the next time you find yourself trying to get special treatment for your kids.
• Scott and Chad discuss the detrimental consequences of entitled parents trying to get their kids special treatment.

 

 

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

How do you save for your children's education? Scott Donnell and Chad Willardson welcome the “accidental financial guy,” Robert Farrington from The College Investor.com.

They discuss when it’s a good time to start teaching your children about money, the Y.E.S. acronym, why 529 plans are worth looking into, and the different approaches you could have, in regards to saving for college, depending on your children’s age.

• Robert Farrington, who labels himself an “accidental financial guy,” starts the conversation by sharing his story and how we got to where he is today with The College Investor.
• Robert focuses on introducing children to money because he believes that "the earlier you start to build wealth, the less money it takes” – plus, you have time working in your favor.
• Starting as early as you can, obviously with age-appropriate money education for your child, is something Robert recommends to all parents.
• It’s about understanding the why, and helping children understand it, says Robert. Moreover, you should also teach children about earning money from a young age.
• There are different ways children can earn money: chores, household projects, saving money gifts (e.g. from birthdays), but also things outside the house, like small works or recycling, for instance.
• Even if your children ask about something you do know about, it’s very easy to get yourself informed today through podcasts, blogs, and YouTube channels.
• Robert always likes to approach paying for college using the Y.E.S. acronym: you, Educational savings, and then general savings.
• Robert’s suggestion is to use the oxygen mask analogy and take care of yourself first, also because there are several ways to navigate education – grants, scholarships, financial aids, different school choices, etc.
• Chad points out that many parents over-invest in putting money away for college and then under-invest in their own retirement. This is a mistake because you can’t get scholarships, grants, or student loans for retirement…
• For Robert, getting a 529 plan or leverage taxable investing are the two bread and butter ways to approach saving for education.
• Beware: there are plans that are marketed nationally, but they're all housed by states.
• Typically, a plan is based on the rules of the state of the account owner, usually a parent.
• Many people are afraid of the taxes and the 10% penalty you’d have to pay if you pulled money out of the account for non-qualifying expenses.
• Robert brings up an idea of how a family could use a 529 plan to create an “education trust” of sorts.
• Remember: a parent could be the account owner of a 529 plan. This is important to keep in mind because while 529 plans do impact your financial aid (though they only count towards 5.64% on the FAFSA), grandparent-owned 529 plans don’t impact your financial aid one bit.
• Robert, Chad, and Scott talk about what happens if your child receives a scholarship, as well as the life insurance side of things, and when you should tell your children that you’re saving for their education.
• People who struggle the most with student loans are the ones that never graduated college.
• Robert shares his advice for both parents with very young children and for those with older ones – including the approach he has with his own kids.

 

 

Mentioned in This Episode:

gravystack.com/smart

gravystack.com/igniter

smartmoneyparenting.com

smartmoneyparenting.com/followus

TheCollegeInvestor.com

The College Investor Audio Show

The College Investor on YouTube - @thecollegeinvestor

The College Investor on TikTok - @thecollegeinvestor

Previous episode - TRIGGER WARNING: Shocking Stats About College

Backer.com

Upromise.com

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

How do you prepare your kids for college? And what about you – how do you prepare yourself? In today's episode, hosts Scott Donnell and Chad Willardson discuss what parents should think about and do when it comes to their children potentially going to college.

They share some stats related to education quality and student loan debts, the “financial handcuffs” trap, and what a good gap year actually looks like.

• Scott kicks off the conversation mentioning a few facts about education, like the fact that education rates are higher than ever.
• Even though an impressive amount of families really value education, Scott doesn’t believe that everyone should get thousands of dollars in student loans to get a degree.
• In 2021, the total amount of student debt by 44 million borrowers exceeded $1.7 trillion. However, only about 55% of students pursuing a bachelor’s degree actually complete it.
• Chad raises the question of whether it’s worth paying thousands of dollars while, today, education is really happening online…
• According to a 2021 report of best colleges, 76% of students believe that online learning is actually better and more productive than, or at least equal to, on-campus learning.
• Scott says it clearly: college is not the only answer to ensure a child’s success.
• Scott points out some of the advantages of going to college and warns about what parents should be on the lookout for.
• Chad and Scott mention the fact that many companies don’t look at degrees but focus on people’s attitudes when hiring them.
• Level 7 of the GravyStack app addresses the concept of the ROI of college.
• When approached the wrong way, student loans can be a “financial handcuff” young people will need to deal with for the rest of their life.
• Scott and Chad share their college prep advice, and talk about what a good gap year actually is.
• Chad shares the story of a couple that had a different way to approach their children’s college journey.

 

 

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

How do you explain what inflation is to your kids? Scott Donnell and Chad Willardson talk about inflation, what it is, why it matters, and how to explain it to your kids.

• Chad starts the conversation by revealing the leading driver of inflation in the US.
• According to Chad, if your money isn’t growing, it’s losing a lot of its purchasing power and becoming less valuable.
• If you’re spending hundreds of thousands of dollars on a college education, ensure your kids learn valuable and practical things so they don’t graduate with a ton of debt and no skills.
• Chad talks about the difference between inflation and deflation.
• Scott explains how inflation and rising prices affect low-income households.
• For Scott, inflation is like a monster that can slowly eat away at what you have.
• Chad and Scott agree that learning to create more value is the best hedge against inflation.
• The statistics show that if you have a credit card, you are psychologically going to spend 30% more money.
• Chad and Scott talk about the benefits of having your money work for you.
• Chad goes through ways parents can make their kids understand why prices always go up in an economy.
• Scott reveals why you need to be aware of the things that can quickly dry up your bank account.
• Scott and Chad agree that saving and investing are critical for protecting yourself against inflation - always make more than you spend so that you can have something to save and invest.
• Scott reveals the two areas that prove inflation exists - rising health and medical costs.

 

 

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 - https://www.linkedin.com/in/donnell-scott

Chad Willardson on LinkedIn - https://www.linkedin.com/in/chadwillardson

Scott Donnell on Instagram - @imscottdonnell

Chad Willardson on Instagram - @chad.willardson

Scott Donnell on TikTok - @imscottdonnell

Do your kids understand how advertising works? In this episode, Scott Donnell and Chad Willardson talk about the impact of advertising on kids. They discuss how learning to decode the message behind an ad is an essential skill for kids and adults alike.

• Scott and Chad start the conversation by describing how advertising works and the tricks marketers use to get people’s attention.
• You need to understand that every business is trying to sell you something, whether it’s a good or bad business.
• Chad explains how the average person sees hundreds of thousands of advertisements daily - all used to influence, persuade, and get you to think a certain way and buy a certain thing.
• What is the best defense against sneaky advertising? For Scott, you must teach your kids to decode the message behind the ad.
• Did you know that your attention is being bought and sold? We live in a world where to influence, communicate, or sell anything to potential buyers, you must capture their attention.
• Chad and Scott highlight how attention is now the most valuable resource in the world.
• Scott goes through ways to help your kid develop a strong sense of identity.
• Scott and Chad agree that ads are everywhere. Everywhere you turn, you’re likely to come across a print, digital, or recorded ad.
• Scott explains subliminal advertising and how marketers use intentional messaging, sounds, or visuals to get you to buy something.
• Chad shares the questions you can ask your kids to help them understand how advertising works.
• Chad explains ways to teach kids to resist advertising and become smart consumers.
• Scott reveals the techniques marketers use to target deep childhood wounds and get you to buy their products.
• How to make your kids understand the difference between wants and needs.
• Chad and Scott discuss why a 30-second Super Bowl ad costs hundreds of millions of dollars.
• Advertising is everywhere; your kids cannot escape it. Scott goes through lessons parents can use to teach their kids to be advertising-savvy consumers.
• Chad explains the link between advertising, consumerism, and materialism. 

 

 

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 - https://www.linkedin.com/in/donnell-scott

Chad Willardson on LinkedIn - https://www.linkedin.com/in/chadwillardson

Scott Donnell on Instagram - @imscottdonnell

Chad Willardson on Instagram - @chad.willardson

Scott Donnell on TikTok - @imscottdonnell

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.

⁠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

Chad’s Best Seller Book: 

⁠⁠Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest⁠⁠ 

Scott’s Best Seller Book

⁠⁠Value Creation Kid: The Healthy Struggles Your Children Need to Succeed⁠⁠ 

Socials

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

Why is integrity important? What do your kids do when no one’s watching? In this episode, Scott Donnell and Chad Willardson discuss why integrity is an important trait in kids. They cover ways parents can teach their kids character and ensure they take responsibility for their actions, especially when nobody's watching.

• Chad starts the conversation by sharing a sad situation where two young adults caused an accident, looked at the damage, laughed, and walked away.
• For Chad, the situation shows that kids nowadays lack integrity.
• He explains that integrity teaches children to take responsibility for their actions, even when nobody’s watching.
• Scott highlights how integrity can be tricky to teach kids because it’s not as clear-cut as explaining honesty or kindness.
• When you make mistakes, you have to take accountability. And it doesn’t matter if you think no one’s watching.
• Your reputation is the only asset you cannot afford to lose because you cannot get it back.
• Chad explains the role of integrity in developing self-confidence - and how parents can teach it to their kids by modeling honesty at home.
• Scott talks about the benefits of building and protecting your reputation as a kid.
• According to Chad, if you don’t have integrity, nothing else matters.
• Chad explains that you want your kids to be smart with money, be successful, and do great things in life. But if they’re not doing it with integrity, nothing else matters.
• Scott reveals why parents should teach their kids to do the right thing when no one’s watching. Because the moment they turn 18, and they leave the nest, you’re not watching them anymore.
• Teach your kids that becoming more trustworthy is the secret to getting more freedom.
• You get rewarded in public for the great decisions you make in private.
• Scott and Chad agree that the greatness of a man is not in how much wealth he acquires but in his integrity and ability to affect those around him positively.
• If you’re unsure about your integrity, Scott believes now is a good time to assess all aspects of your life and start setting a good example for your kids.

 

 

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 - https://www.linkedin.com/in/donnell-scott

Chad Willardson on LinkedIn - https://www.linkedin.com/in/chadwillardson

Scott Donnell on Instagram - @imscottdonnell

Chad Willardson on Instagram - @chad.willardson

Scott Donnell on TikTok - @imscottdonnell

How often do you high five your kids? In today's episode, hosts Scott Donnell and Chad Willardson discuss the benefits of recognizing and celebrating your children's accomplishments, big or small. They also cover why you should praise their efforts and encourage them to pursue their interests and passions.

• Chad starts the conversation by describing how much morale you can boost in your home by having a positive attitude.
• The best way to raise a confident kid is to celebrate them.
• Chad explains how celebrating the little things can create memories that stick with your kids for life.
• Chad goes through daily moments you can celebrate with your kids at home.
• Scott and Chad agree that you can change how a kid views something by celebrating it.
• Scott highlights that celebrating your kids is not about giving them false confidence - because false confidence means a lack of ability.
• Celebrating is an instant mood changer - think of how a kid instantly lights up when you give them a high five.
• Chad talks about the benefits of high-fiving your kids on all the little things that they do.
• According to Chad, parents should celebrate effort, not just celebrate results. It's not always about winning and losing or getting the award.
• For Scott, celebrating your kids bolsters their self-esteem, their mental health and their ability to take on the world. You want that in your kids.
• Remember that there are a million little opportunities every day you can use to celebrate your kids.
• Scott reveals the best marriage advice he ever got - Praise the good in your spouse as much as humanly possible and then leave the rest to God.
• According to Scott, finding ways to celebrate the little moments every day is not just going to lift your kids up, it's going to lift you up, too.

 

 

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 - https://www.linkedin.com/in/donnell-scott

Chad Willardson on LinkedIn - https://www.linkedin.com/in/chadwillardson

Scott Donnell on Instagram - @imscottdonnell

Chad Willardson on Instagram - @chad.willardson

Scott Donnell on TikTok - @imscottdonnell

Are you a connected family? What is the importance of strong family ties? In today's episode, hosts Scott Donnell and Chad Willardson discuss ways parents can give their kids roots and wings. Roots - give them a sense of belonging and knowing where home is. Wings - give them the freedom to explore and conquer the world.

• You want them to stay rooted in your family culture, but you also want them to fly off and conquer the world.
• Are families being destroyed? In 1960, 72% of families had a nuclear family. Today, it's just 45%, and if you're an urban inner-city family, it's just 1%.
• Chad explains how families are being destroyed with modern leaders pushing for individualism and selfishness.
• For Scott, your goal as a parent is to have a family that is connected as much as possible.
• How do you kill a family culture? Scott explains how taking away the chief storyteller kills the culture and connectedness of a family.
• Scott talks about the value of raising independent kids with the goal of cultivating interdependence and remaining connected to each other.
• Every family has some form of crazy. But what you can do is take the good, leave the bad and make it better for your kids and the next generation.
• According to Scott, kids will stay a part of the family if they see you're still connected to your family.
• If you grew up in a dysfunctional home, as many people have, Chad believes you can be the one that breaks that chain of dysfunction.
• According to Scott, strong family values are the best way to preserve your family culture. Make them fun, memorable, and engaging.
• Scott goes through the practical things parents can do to unite the nuclear family when the extended one is in chaos.
• Make decisions for your great-grandchildren. Scott explains how the decisions you make today with your kids will impact future generations.
• Scott reveals the shocking driver behind public schools in 1917 - and the systemic plan to remove parents from their children's lives. 

 

 

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 - https://www.linkedin.com/in/donnell-scott

Chad Willardson on LinkedIn - https://www.linkedin.com/in/chadwillardson

Scott Donnell on Instagram - @imscottdonnell

Chad Willardson on Instagram - @chad.willardson

Scott Donnell on TikTok - @imscottdonnell

What is the difference between wealthy and rich? In today's episode, hosts Scott Donnell and Chad Willardson discuss the differences between being wealthy and being rich, as well as how kids can learn to differentiate between the two.

• Scott starts the discussion by describing how true wealth differs from being rich.
• Chad doesn't particularly like the term "rich" because owning a bunch of status symbols to keep up with the Joneses is not an actual benchmark of success.
• For Chad, a massive house and an expensive car do not tell you anything about a person's financial situation.
• Chad and Scott agree that rich is loud and wealth is quiet, most of the time.
• They further explain that true wealth is built brick by brick over time and living like nobody else today so you can live like no one else tomorrow.
• According to Scott, these super-expensive status symbols come with a lot of baggage if you don't have wealth.
• Chad believes trying to be rich is an anxious lifestyle, but living wealthy is real freedom. So kids should aim for wealth instead of riches.
• You make a living by what you get, but you make a life by what you give.
• Teach your kids that there's a very big difference between being rich and being wealthy - but it's almost impossible to tell from the outside.
• According to Chad, there's nothing wrong with owning a big house or a nice car - as long as you can afford it and live within your means.
• Wealth is wealth. You either have it or you don't.
• Chad and Scott discuss how the so-called financial gurus mislead people with get-rich-quick schemes that rarely work in the real world.
• If you own a bunch of nice stuff, Scott believes you should attempt to consistently communicate to your kids about how fortunate you are to be financially stable.
• For Scott, being wealthy is when you make wise money decisions, have your finances in order, and own assets that can withstand the test of time.

 

 

Mentioned in This Episode:

gravystack.com/smart

gravystack.com/igniter

smartmoneyparenting.com

smartmoneyparenting.com/followus

The Billionaire Who Wasn't: How Chuck Feeney Secretly Made and Gave Away a Fortune by Conor O'Clery

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 - https://www.linkedin.com/in/donnell-scott

Chad Willardson on LinkedIn - https://www.linkedin.com/in/chadwillardson

Scott Donnell on Instagram - @imscottdonnell

Chad Willardson on Instagram - @chad.willardson

Scott Donnell on TikTok - @imscottdonnell