Welcome to Smart Money Parenting, your essential podcast for parents passionate about empowering their children with vital financial skills often missed in trad...
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
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14:52
Ep 92 - Help! My Kid Is Lazy!
Summary
In this conversation, Scott Donnell and Chad discuss strategies for motivating and empowering kids. They emphasize the importance of finding what lights a child up and using that passion as a source of motivation. They also discuss the role of money in teaching kids about motivation and responsibility. The conversation explores the idea of giving kids control and responsibility over their own expenses and the benefits of creating opportunities for them to earn money. They also address the issue of hopelessness and mental health in kids and the importance of supporting them through struggles. The conversation concludes with a reminder to parents to initiate and show up for their kids, and the importance of community support and resources.
Takeaways
Find what lights your child up and use that passion as a source of motivation.
Teach kids about money and motivation by giving them control and responsibility over their own expenses.
Create opportunities for kids to earn money and learn the value of hard work.
Support kids through struggles and let them know that you have their back.
Time Stamps
00:00 Finding Motivation through Passions
00:58 Teaching Kids about Money and Motivation
03:12 Empowering Kids to Take Control of Their Lives
04:10 Creating Opportunities for Freedom and Responsibility
06:18 Teaching Kids to Be Financially Responsible Adults
07:09 Taking Accountability and Responsibility
09:43 Addressing Hopelessness and Mental Health
11:06 Creating Value and Building Confidence
12:29 Supporting Kids Through Struggles
13:39 Initiating and Showing Up for Kids
14:47 Community Support and Resources
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
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20:34
Ep 91 - The Lost Art Of Apologizing
Summary
In this episode, Scott and Chad discuss the importance of teaching kids to apologize and model genuine remorse. Chad shares a personal story about apologizing to a tire shop employee after initially getting upset over a tire repair. They emphasize the significance of teaching kids accountability and the value of apologizing in various relationships, including marriage and business. Scott and Chad also highlight the connection between apologizing and financial competency, as well as the importance of modeling forgiveness and reconciliation for children. They conclude by mentioning their sponsor, the Gravy Stack app, and encourage listeners to share the episode with others.
Time Stamps
00:00 Introduction
00:40 Chad's Story of Apologizing
06:15 Modeling Apology and Reconciliation
09:48 Apologizing and Financial Competency
13:21 Apologizing and Accountability
15:03 Conclusion
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
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17:19
Ep 90 - Empowering the Next Generation w/Brandon Turner
In this special episode, Scott sits down with Brandon Turner to talk about it all. From family money skills to parenting advice, the next generation of kids, and family legacy, Scott and Brandon talk about all the secrets you need to know about building a Family Legacy today.
A special thanks to Brandon Turner and his team for having Scott on! Give him a follow on his podcast A Better Life w/Brandon Turner
https://open.spotify.com/show/7mkm7wrfHiBBYmK32faCfk?si=dc77a0cbc386417b
Description:
This episode combines insights on raising financially savvy children with effective parenting in the digital era. Featuring expert Scott Donnell, who has educated millions on children's financial literacy, it delves into his journey from a budding entrepreneur to becoming a champion for financial education among youths through his initiative, Gravy Stack. Donnell stresses the importance of instilling a robust work ethic and financial wisdom from a young age, aiming to prepare kids for responsible wealth management and to foster a healthier mindset about money. The conversation also navigates the complexities of digital parenting, addressing the challenges and dangers children face online—from inappropriate content to the persuasive power of social media and video games. It contrasts various parenting approaches, emphasizing a proactive, disciplined, yet loving family environment. The script underscores the importance of parental self-care and contemplates the legacy parents leave behind, advocating for a life that instills value and is remembered fondly.
00:00 Introduction and Meeting Scott Donnell
00:44 Scott's Early Life and Career Choices
02:17 The Importance of Financial Literacy for Kids
02:26 Scott's Entrepreneurial Journey
03:48 The Concept of Heritage vs Inheritance
04:53 The Impact of Money on Personal Behavior
12:03 The Role of Delayed Gratification in Child Development
33:52 The Evolution of Scott's Business Ventures
34:26 The Controversy Around Debt and Financial Education
35:39 The Creation and Impact of Gravy Stack
43:41 The Power of Brain Gigs: A New Approach to Learning
44:27 The Impact of Financial Literacy on Children
45:00 The Importance of Teaching Kids About Money
45:37 The Three E's: Expectations, Expenses, Extra Pay
46:00 The Power of Expenses: Teaching Kids Financial Responsibility
47:02 The Role of Gigs in Teaching Kids About Money
48:01 The Impact of Parenting on Kids' Financial Habits
49:24 The Importance of Kids' Independence and Responsibility
50:18 The Role of Kids in the Economy and Society
53:58 The Role of Faith in Parenting
54:45 The Importance of Nurturing Kids' Nature
57:44 The Importance of Protecting Kids from Negative Influences
01:03:52 The Role of Discipline in Parenting
01:21:53 The Importance of a Morning Routine
01:23:41 The Legacy of a Parent
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
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
Scott Donnell on Instagram - @imscottdonnell
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1:25:34
How To Make $1000 This Weekend With Your Kids
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
Welcome to Smart Money Parenting, your essential podcast for parents passionate about empowering their children with vital financial skills often missed in traditional education. Join us as we delve into a diverse range of topics designed to arm you with practical knowledge and tools to raise financially literate and responsible children.
New Episodes every Monday and Friday