Smart Money Parenting

Summary Scott Donnell and Chad discuss the need for financial education in schools and the limitations of traditional financial education methods. They emphasize the importance of real-life money skills and the need for students to learn by doing. They introduce DinnerTable.com as a solution for schools to incorporate hands-on financial education into their curriculum. They highlight the impact of financial education on families, communities, and the future success of young adults. They encourage listeners to share the information with schools and join the movement to transform education through practical financial skills. Takeaways Traditional financial education methods in schools are often ineffective and fail to teach real-life money skills. Students learn best through hands-on experiences and practical application of financial concepts. DinnerTable.com offers a solution for schools to incorporate real-life money skills into their curriculum. Financial education in schools can have a positive impact on families, communities, and the future success of young adults. Time Stamps 00:00 Introduction and Mission 00:32 The Need for Financial Education in Schools 04:33 The Importance of Real-Life Money Skills 05:33 Learning by Doing 07:03 The Role of Practical Skills in Education 09:04 DinnerTable.com as a Solution for Schools 10:46 The Impact of Financial Education in Schools 12:04 Building Stronger Communities through Financial Education 13:25 Conclusion and Call to Action 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 Chad’s Best Seller Book:  ⁠⁠⁠Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest⁠⁠⁠  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  Chad Willardson on LinkedIn - ⁠⁠⁠linkedin.com/in/chadwillardson⁠⁠⁠ Scott Donnell on Instagram - ⁠⁠⁠@imscottdonnell⁠⁠⁠ Chad Willardson on Instagram - ⁠⁠⁠@chad.willardson⁠⁠⁠ Scott Donnell on TikTok - ⁠⁠⁠@imscottdonnell⁠

Scott Donnell and Chad discuss motivating kids by finding their passion, teaching money management, and giving them control. They address hopelessness in kids, emphasize support, and the importance of parent involvement.

Discussing the importance of genuine apologies in teaching kids accountability and financial competency. Stories of apologizing, modeling reconciliation, and showing responsibility. Highlighting the link between apologies, relationships, and Gravy Stack app for financial education.

Exploring the importance of financial education for children and parenting in the digital era. Discussing instilling work ethic, financial wisdom, and discipline from a young age. Addressing challenges of digital parenting and the influence of online content creators on kids' safety. Emphasizing proactive parenting strategies, balancing sheltering and empowering children. Reflecting on creating a lasting legacy through love, impact, and financial literacy.

The episode of 'Smart Money Parenting' podcast features hosts discussing about innovative ways to help kids make money and understand the value of it. They stress the importance of teaching kids to charge for results rather than time and effort. Some of the activities mentioned include lawn mowing, car and pool washing, snow shoveling, grocery shopping for others, tutoring, sports coaching, and technology assistance. They also touched upon the concept of kids developing skills in entrepreneurship and creating their own small businesses. The hosts also reference 'Gravy Stack', a tool designed to help children learn to earn. 00:00 Introduction to Smart Money Parenting 00:03 The Concept of Making Money with Your Kids 01:51 The Importance of Charging for Results, Not Time 03:01 Real-Life Example: The Lawn Mowing Business 05:31 Brainstorming Other Business Ideas for Kids 13:58 The Power of Challenges and Learning by Earning 15:18 Conclusion and Invitation to Join DinnerTable.com 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 Chad’s Best Seller Book:  ⁠Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest⁠  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  Chad Willardson on LinkedIn - ⁠linkedin.com/in/chadwillardson⁠ Scott Donnell on Instagram - ⁠@imscottdonnell⁠ Chad Willardson on Instagram - ⁠@chad.willardson⁠ Scott Donnell on TikTok - ⁠@imscottdonnell⁠

On the 'Smart Money Parenting Show', hosts Chad Willardson and Scott Donnell discuss the critical role of mentorship in children's lives. They emphasize that mentors can reinforce the values parents instill in their children, helping them navigate through life's challenges and opportunities. The hosts share personal experiences and provide tips on how to be intentional about finding the right mentors. They also discuss the significance of mentors outside the immediate family, encouraging their kids to take advice from other trusted figures. The talk includes a discussion on the various aspects of being a good mentee such as preparation, initiative, implementation of advice, confidentiality, and gratitude. They recommend that parents actively seek mentors for their children to avoid leaving this crucial aspect to societal influences. 00:00 Introduction to the Importance of Mentorship 00:20 Welcome to the Smart Money Parenting Show 00:57 The Role of Mentorship in Teenagers' Lives 02:36 The Impact of Mentorship on Personal Success 05:12 Tips for Being a Good Mentee 07:30 The Importance of Taking Initiative as a Mentee 10:53 The Power of Connecting with the Right People 13:53 The Dangers of Unintentional Mentorship 14:40 Conclusion: The Power of Intentional Mentorship 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 Chad’s Best Seller Book:  ⁠⁠Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest⁠⁠  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  Chad Willardson on LinkedIn - ⁠⁠linkedin.com/in/chadwillardson⁠⁠ Scott Donnell on Instagram - ⁠⁠@imscottdonnell⁠⁠ Chad Willardson on Instagram - ⁠⁠@chad.willardson⁠⁠ Scott Donnell on TikTok - ⁠⁠@imscottdonnell⁠

Scott Donnell and Chad Willardson focus on the principle of consistency, emphasizing its importance in both smart money parenting and investment. They emphasize that consistency helps children form crucial habits that define their character and worldview over time. They also dissect how consistency is key in nurturing investment, relating it to compound interest. With a wider perspective, they extend the analogy of consistency in investments to other life areas like health, academics, and daily routines. The duo insists the cruciality of unstinting practice and maintaining habits from a young age, emphasizing how it compounds over time, proving highly beneficial in the long run. The narrative also dissects the applications of consistency, explaining it as a strategy to guide children’s behavior in multiple contexts, like nutrition, physical activity, and carrying out chores. On a concluding note, the assertion is made that kindness should be practiced consistently as well. 00:00 Introduction to Smart Money Parenting 00:44 The Importance of Consistency in Parenting 01:34 Consistency in Home Routines 02:56 The Power of Consistency in Skill Development 05:05 Consistency in Investing and Financial Education 09:47 The Impact of Consistency on Personal Growth 12:22 Consistency in Daily Habits and Routines 13:19 The Long-Term Effects of Consistency 15:08 Consistency in Kindness and Final Thoughts 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 Chad’s Best Seller Book:  ⁠⁠Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest⁠⁠  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  Chad Willardson on LinkedIn - ⁠⁠linkedin.com/in/chadwillardson⁠⁠ Scott Donnell on Instagram - ⁠⁠@imscottdonnell⁠⁠ Chad Willardson on Instagram - ⁠⁠@chad.willardson⁠⁠ Scott Donnell on TikTok - ⁠⁠@imscottdonnell⁠

In this episode of the Smart Money Parenting show, hosts Chad Willardson and Scott Donnell discuss the significant differences between Smart Money Parents and regular parents. They emphasize that Smart Money Parents raise their children to be future adults who are prepared to face the real world. This involves teaching kids to create value and handle money independently instead of relying solely on their parents. Other discussions include the importance of praising children's choices and decisions rather than just their natural gifts, encouraging a mindset of continuous learning, and treating children as investments rather than expenses. They conclude by mentioning their workshop at dinnertable.com. 00:04 Introduction to Smart Money Parenting 00:29 The Difference Between Smart Money Parents and Others 01:17 The Impact of Smart Money Parenting on Children 02:23 The Challenges of Default Parenting 03:28 The Importance of Intentionality in Parenting 04:08 The Power of Mindset Shifts in Parenting 05:48 The Role of Choices in Smart Money Parenting 07:55 The Investment Perspective of Smart Money Parents 13:49 The Value of Learning and Growth in Smart Money Parenting 16:02 Conclusion and Invitation to Further Learning 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 Chad’s Best Seller Book:  ⁠⁠Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest⁠⁠  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  Chad Willardson on LinkedIn - ⁠⁠linkedin.com/in/chadwillardson⁠⁠ Scott Donnell on Instagram - ⁠⁠@imscottdonnell⁠⁠ Chad Willardson on Instagram - ⁠⁠@chad.willardson⁠⁠ Scott Donnell on TikTok - ⁠⁠@imscottdonnell⁠

In the latest episode of Smart Money Parenting, hosts Chad and his co-host emphasize the importance of transforming passion into profit. They highlight the necessity to not only pursue hobbies, but to also recognize opportunities to monetize these interests as viable paths for wealth creation. The hosts provide various examples using both their lives and their children's lives. They stress the importance of providing tools and knowledge to children so that they can discover their unique abilities and potentially transform these into profitable avenues. They also focus on the narrative that people need not only have a traditional job to make money, but can also grant value to others and make a living in any area they are passionate about and skilled in. The hosts emphasise how this approach to work could drastically change the 'work is drudgery' mentality and provide a more fulfilling work life. 00:04 Introduction to Smart Money Parenting 00:41 The Importance of Turning Passion into Profit 02:11 Understanding Kids' Dreams and Aspirations 02:42 Leveraging Skills and Capabilities into Profit 03:22 Examples of Turning Passion into Profit 06:40 The Role of Schools in Nurturing Passion 07:12 The Importance of Enjoying Your Work 11:11 The Impact of Passion on Job Selection 12:41 Conclusion: The Power of Turning Passion into Profit 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 Chad’s Best Seller Book:  ⁠⁠Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest⁠⁠  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  Chad Willardson on LinkedIn - ⁠⁠linkedin.com/in/chadwillardson⁠⁠ Scott Donnell on Instagram - ⁠⁠@imscottdonnell⁠⁠ Chad Willardson on Instagram - ⁠⁠@chad.willardson⁠⁠ Scott Donnell on TikTok - ⁠⁠@imscottdonnell⁠

In this episode of Smart Money Parenting, Scott and Chad discuss overcoming insecurity and fostering confidence in children. They stress that true confidence doesn't come from external validation but from keeping commitments to oneself and creating value for others. They emphasize the importance of kids learning about money, being self-reliant, and taking on challenges. Chad shares personal anecdotes about his children to illustrate how confidence is boosted when they exhibit financial responsibility. Both hosts emphasize that confidence is critical for both personal and financial success, and parents can help instill this in their kids. 00:00 Introduction 00:21 Welcome to Smart Money Parenting 00:46 The Importance of Confidence in Kids 02:04 Building Inner Confidence vs Surface Layer Confidence 02:25 The Role of Commitment in Building Confidence 03:06 The Misconception of Confidence and Insecurity 04:46 The Power of Keeping Promises to Yourself 05:08 The Difference Between Insecurity and Confidence 05:42 The Contagious Nature of Confidence 08:30 The Role of Value Creation in Building Confidence 10:34 The Impact of Earning Money on Kids' Confidence 14:10 Conclusion: From Insecurity to Confidence 14:31 Closing Remarks and Thanks Additional Links Want to take your family and your finances to the next level? Schedule a call with Dinner Table today. https://www.dinnertable.com Chad’s Best Seller Book: ⁠Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest⁠ by Chad Willardson Scott’s Best Seller Book: ⁠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