Podcast: Smart Money Parenting (LS 40 · TOP 1.5% what is this?)
Episode: Five Nightmares All Parents Struggle With
Pub date: 2023-06-20

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What are you most afraid of when it comes to raising your kids? In today's episode, hosts Scott Donnell and Chad Willardson go through the five nightmares all parents have with their kids. They cover the foundation of healthy parent to child relationships, what it takes to raise self-sufficient kids, and why deep down, all kids crave independence.

• Scott and Chad start the conversation by describing the incredible journey to getting GravyStack online.
• For Scott, there's no better feeling for a parent than when a kid stops asking for money.
• Scott and Chad go through the five nightmares all parents have with their kids and how to deal with them.
• According to Chad, no matter how busy you are, you must create time for real conversations with your kids.
• It's so unfortunate that many parents see their kids as liabilities.
• However, Scott is convinced that when you make your kids self-sufficient, they will become valuable contributors in the home.
• Chad shares how you can effectively prepare your kids for the real world.
• Scott and Chad discuss ways parents can create a system where kids can learn how to cover their own expenses.
• For Scott, giving your kids money they did not work for is a lose-lose situation.
• If you give in, you'll feel guilty for raising entitled kids. If you don't, then your kids see you as the bad guy.
• Scott and Chad agree that the biggest win for parents is when their kids are motivated to do stuff on their own.
• The best businesses in the world are solving the customer's deep needs and pain points.
• Fear just shows that you're unprepared and haven't done the work ahead of time.
• Did you know that 93% of shared time between parents and kids happens before their 18th birthday?
• According to Scott, you shouldn't feel guilty when your kids take ownership of their lives. Your goal is to raise accountable kids that don't think the world owes them anything.
• As your kids grow older, Scott believes you need to move from parent-guardian to coach-friend if you want to maintain a strong relationship into adulthood.
• Have you ever felt like time is ticking and your kids are growing up too fast? Scott shares how you can build a better relationship with your kids before it's too late.
• Chad talks about the dilemma most parents experience: I want to be a friend to my kids, but I cannot neglect my duty as a parent.
• Deep down, all kids want to be independent. You do not want nagging and the constant push-pull between parents and kids in your home.
• Scott reveals a stress-free system parents can use to maintain a healthy home - a system kids willingly want to follow and enjoy following. 

 

 

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 - https://www.linkedin.com/in/donnell-scott

Chad Willardson on LinkedIn - https://www.linkedin.com/in/chadwillardson

Scott Donnell on Instagram - @imscottdonnell

Chad Willardson on Instagram - @chad.willardson

Scott Donnell on TikTok - @imscottdonnell

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