Smart Money Parenting

by Gravy Stack

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

  1. 25/03/2024

    Ep 93 - How To Get Your School To Teach Money!

    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

    15 min
  2. 22/03/2024

    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

    21 min
  3. 19/03/2024

    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

    17 min
  4. 07/03/2024

    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

    1h 26m
  5. 01/03/2024

    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

    17 min
  6. 27/02/2024

    Tips For Mentors and Mentees

    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

    16 min
  7. 24/02/2024

    The Secret To Success - Compounding Consistency

    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

    16 min
  8. 19/02/2024

    Smart Money Parents VS Everyone Else - How We Are Crushing It

    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

    17 min

About

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