Podcast: Smart Money Parenting (LS 40 · TOP 1.5% what is this?)
Episode: Don't Work For Money - Make Your Money Work For You
Pub date: 2023-10-04

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In this episode of Smart Money Parenting, Scott and Chad discuss the importance of having your money work for you rather than working for your money. They emphasize the distinction between assets and liabilities, with assets being defined as something that generates income. They provide insights on how to escape the job trap and share practical tips for getting your money to work for you. Tune in to learn how to raise amazing kids while achieving financial freedom.

 

1. The difference between assets and liabilities.
2. Assets are defined as things that pay you money, while liabilities are things that cost you money.
3. Focus on buying and investing in assets.
4. Financial freedom is achieved by having your money work for you
5. Teach children about setting goals to accumulate assets for financial security.

 

Mentioned in this episode 

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-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

 

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