Entrepreneurs on Fire

Smart Not Spoiled: 7 Money Skills Kids Must Master Before Leaving The Nest with Chad Willardson: An EOFire Classic from 2021

24 snips
Feb 8, 2025
Chad Willardson, Founder and President of Pacific Capital and author of "Stress Free Money," discusses essential financial skills all kids should master. He emphasizes that financial literacy is key to responsible adulthood. Willardson challenges the idea that success requires sacrificing family time and highlights the importance of teaching children about borrowing and debt. He also advocates for generosity before wealth and the need for better financial education in schools, fostering an abundance mindset and encouraging entrepreneurship.
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INSIGHT

Success Without Sacrifice

  • Success doesn't require sacrificing family or personal time.
  • You can be productive in less time and create a fulfilling lifestyle.
ANECDOTE

Leaving Corporate America

  • Chad Willardson left his corporate job at Merrill Lynch at 32.
  • He now runs Pacific Capital, managing close to a billion dollars.
ADVICE

Financial Life Inspection

  • Get a financial life inspection for peace of mind.
  • It helps identify gaps and optimize your finances.
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