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The BetterLife Podcast: Wealth | Real Estate Investing | Life cover image

#44: Scott Donnell

The BetterLife Podcast: Wealth | Real Estate Investing | Life

NOTE

Teaching kids financial skills through delayed gratification

Teaching kids financial skills by having them do gigs to earn money, as well as brain gigs for developing confidence and skills. This approach helps kids learn delayed gratification, budgeting, the price of goods, trade-offs, goal setting and planning ahead. The speaker strongly opposes the concept of allowance, stating that it promotes socialism and prefers the method of having kids earn money through tasks and challenges.

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