The Secret To Success - Compounding Consistency
Listen now
Description
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
More Episodes
Published 03/25/24
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