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#076.  What does it really mean to build generational wealth — and how do you pass it on without losing your kids in the process?  In this episode, I sit down with Mike McCarthy — serial entrepreneur, co-founder of GoBundance, former leader in the growth of Keller Williams, and author of The Miracle Morning for Parents and Families. Mike has helped scale businesses doing billions in sales, but what sets him apart is how intentionally he applies leadership, discipline, and values inside his own home.

At the heart of this conversation is a powerful idea: give kids the flint, not the fire.
 Instead of simply handing down money or opportunity, Mike explains why parents must focus on preparing the heir — teaching responsibility, stewardship, and self-mastery — long before wealth ever changes hands.

We also explore one of the most important parenting principles you’ll hear: connection before correction.  Especially with adolescents, Mike shares why maintaining trust, presence, and relationship is the foundation that makes guidance, discipline, and financial lessons actually stick.

This episode is filled with practical frameworks parents can implement immediately, including:

• How to teach financial responsibility through skin in the game, not handouts
• Why you need to prioritize connection before correction
• Why preparing heirs matters more than preparing estates
• A weekly family meeting that becomes the operating system for your home
• A simple daily routine — CHARMS — to help kids build discipline, confidence, and self-mastery
• How to raise money-smart kids without entitlement, control, or burnout

This is a conversation for parents, entrepreneurs, and leaders who want their success to strengthen their family — not come at its expense.

If you’re focused on raising grounded, capable kids and building a legacy that goes far beyond money, this episode with Mike McCarthy is a must-listen.

Show notes and more at:

https://moneydadpodcast.com/session076

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