The Prosperity Podcast Home Economy System - Episode 524
The hosts, Spencer Shaw and Kim Butler, focus on the topic of the home economy system, which involves three important elements: Expectations, expenses, and extra money for gigs. This concept applies to households of varying sizes and configurations. They attribute the basis of this concept to the book written by Scott Donnell and Lee Benson, Value Creation Kids, as it is a practical guide to personal finance from a principle-based viewpoint.
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Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Thinkers thinking and strategies today!
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Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
Show Notes
- The concepts in "Value Creation Kids”
- The idea of the home economy
- Three E's of the home economy system
- Importance of clear communication in ensuring everyone's expectations
- The need for kids to contribute and feel heard as a significant part of setting expectations
- Application of these principles to adult children who still live at home
- Establishing an expectation of prosperity thinking at home
- Sharing an example about one particular experience with money management and how it plays a part in maturity and personal growth
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