Description
In the latest episode of Smart Money Parenting, hosts Chad and his co-host emphasize the importance of transforming passion into profit. They highlight the necessity to not only pursue hobbies, but to also recognize opportunities to monetize these interests as viable paths for wealth creation. The hosts provide various examples using both their lives and their children's lives. They stress the importance of providing tools and knowledge to children so that they can discover their unique abilities and potentially transform these into profitable avenues. They also focus on the narrative that people need not only have a traditional job to make money, but can also grant value to others and make a living in any area they are passionate about and skilled in. The hosts emphasise how this approach to work could drastically change the 'work is drudgery' mentality and provide a more fulfilling work life.
00:04 Introduction to Smart Money Parenting
00:41 The Importance of Turning Passion into Profit
02:11 Understanding Kids' Dreams and Aspirations
02:42 Leveraging Skills and Capabilities into Profit
03:22 Examples of Turning Passion into Profit
06:40 The Role of Schools in Nurturing Passion
07:12 The Importance of Enjoying Your Work
11:11 The Impact of Passion on Job Selection
12:41 Conclusion: The Power of Turning Passion into Profit
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
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