Smart Money Parenting by Gravy Stack

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

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

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

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

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