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/igniter

smartmoneyparenting.com

smartmoneyparenting.com/followus

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

Value Creation Kid: The Healthy Struggles Your Children Need to Succeed by Scott Donnell and Lee Benson

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

Chad Willardson on LinkedIn - linkedin.com/in/chadwillardson

Scott Donnell on Instagram - @imscottdonnell

Chad Willardson on Instagram - @chad.willardson

Scott Donnell on TikTok - @imscottdonnell

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