Description
In this episode of Smart Money Parenting, the hosts discuss the challenge of getting kids to care about money. They highlight that only 5% of kids are naturally entrepreneurial and interested in money, while the majority don't even want to talk about it. The hosts emphasize the importance of giving kids a motive to earn money and cover expenses, as this will help them develop a sense of responsibility and understanding about finances. Tune in to learn more about how to get your kids to care about money in the right way.
Teenagers need a motive to care about money
Kids won't care about money until they have to
GravyStack app helps kids earn and manage money
Teaching kids responsibility and choice-making is important
Setting up a system with trust and responsibility can help kids learn about money
Mentioned in this episodeĀ
gravystack.com/smart
gravystack.com/igniter
smartmoneyparenting.com
smartmoneyparenting.com/followus
Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest by Chad Willardson
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-scottĀ
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
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...
Published 03/25/24
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...
Published 03/22/24