Is having a purpose in life more important than chasing money? In today's episode, hosts Scott Donnell and Chad Willardson discuss why you need to help your kids find their purpose and the financial rewards of chasing purpose instead of money.
- Chad and Scott start the conversation by talking about their life's mission and why it has never been about making money - all they want is to help parents raise amazing kids.
- According to Scott, purpose is greater than money. People need a purpose more than they need money.
- For Chad, if you're chasing money without a purpose, you're going to be empty, unfulfilled, and unsuccessful.
- Chad and Scott agree that when you chase purpose and get people on board with that mission, the abundance and financial rewards are unlimited.
- Giving your kids an allowance without making them work for it makes them grow up thinking they deserve a bunch of free stuff from the world.
- Scott describes how money cannot make you happy. He knows many rich people who are wealthy but too miserable to enjoy life.
- It's easy to spot someone who is just chasing money without purpose; they don't care about impact and don't care about people.
- Chad is convinced that throwing money at people's problems will not solve anything. They are not going to be happier, and they're probably going to spend their way back to being broke.
- The point of life is not just to get rich. The point of life is to find purpose and find ways to love.
- According to Scott, you have to chase purpose more than you chase financial rewards. Financial rewards come after you find your purpose and become valuable.
- Chad and Scott agree that it's hard to make money. You can only do it through hard work, discipline, and creating value.
- Chad talks about finding your mission and how doing what you were born to do will ultimately lead to financial rewards.
- Scott reveals the trilogy of finding your purpose - these are the things you love, the things you're good at, and finding ways to solve other people's needs.
Mentioned in This Episode:
smartmoneyparenting.com/followus
What's in It for Them?: 9 Genius Networking Principles to Get What You Want by Helping Others Get What They Want by Joe Polish
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