Ep 90 - Empowering the Next Generation w/Brandon Turner
Smart Money Parenting
Navigating the Landscape of Financial Decisions
Exploring the challenges of financial decision-making in a world of instant gratification and the importance of fostering delayed gratification, alongside a call to support financial literacy for urban families.
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
Remember Everything You Learn from Podcasts
