Pacific Capital's Podcast Playlist

Podcast: Smart Money Parenting (LS 40 · TOP 1.5% what is this?)
Episode: Use Investing to Teach Your Kids How to Succeed by Thinking Long Term
Pub date: 2023-03-17

Get Podcast Transcript →
powered by Listen411 - fast audio-to-text and summarization

Do your kids have the mindset of delayed gratification? In today's episode, hosts Chad Willardson and Scott Donnell discuss all things investing and thinking long-term with your kids.

They cover value creation and how learning delayed gratification will make your kids more successful in life.

• Scott starts the conversation by revealing that Gen Z is the least invested generation in history.
• Chad reveals why Stanford's Marshmallow Experiment is a great way to test a child's sense of delayed gratification.
• Chad shares ways to help your kids understand that long-term fulfillment is greater than short-term gratification.
• According to Scott, it's way easier to delay gratification when you don't have the expected outcomes at the top of your mind.
• Chad is convinced that willpower doesn't work - if you rely on willpower alone, you will eventually fall into temptation.
• Teaching kids to delay gratification and think long-term is difficult because even adults struggle with it.
• Chad shares how you can teach your kids to focus on the controllable.
• For Chad, the most important investment principle is to invest early and often.
• If you say your expenses cannot allow you to invest anything, Scott feels you need to find a way to earn more money or cut down on your expenses.
• Chad and Scott agree that the most significant advantage an investor will ever have is time - the earlier you start, the better your outcomes.
• Chad and Scott discuss the benefits of mastering the art of delayed gratification and how it can improve every aspect of your kid's life.
• Unfortunately, we are in a generation where kids have the attention span of a gnat - understand that teaching them instant gratification will be difficult.
• According to Chad, your kids will gravitate toward instant gratification if you don't stop them.
• Teach your kids that get-rich-quick schemes never work. Patience is key when it comes to creating wealth and value. 

 

 

Mentioned in This Episode:

The Compound Effect: Jumpstart Your Income, Your Life, Your Success by Darren Hardy

gravystack.com/smart

smartmoneyparenting.com

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

The podcast and artwork embedded on this page are from by Gravy Stack, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

Podcast: Smart Money Parenting (LS 40 · TOP 1.5% what is this?)
Episode: How to Set a Great Example With Money For Your Kids to Follow
Pub date: 2023-03-14

Get Podcast Transcript →
powered by Listen411 - fast audio-to-text and summarization

Are you a good financial role model to your kids? In today's episode, hosts Chad Willardson and Scott Donnell discuss how parents can become positive financial role models for their kids. They cover ways kids learn about money, the benefits of teaching your kids about the real cost of life, and why you should be as transparent as possible about money with your kids.

• Scott starts the conversation by describing how parents can become financial role models to their kids.
• According to Chad, kids learn a lot by watching and listening - how you talk and spend money will influence how they think about money.
• Scott and Chad believe that you're setting up your kids for failure if you don't talk about money in front of them.
• For Chad, being a role model is not just what you do but what you say and how you say it.
• Chad shares an interesting Disneyland story about how his youngest daughter thought about money and ATMs.
• Scott goes through the money conversations you should have with your kids.
• Scott explains why you should be as transparent as possible about money with your kids, but that doesn't mean you must tell them everything.
• Chad believes there's no downside to teaching your kids about the real cost of living.
• Scott and Chad agree on the benefits of talking to your kids about your investments.
• Scott highlights why it's not a good idea to outsource parenting to coaches and teachers.
• Kids need to start making financial decisions at home using money they've earned. This way, Scott believes they get to make mistakes and learn about money in a safe environment.
• Scott reveals the easiest way you can learn to talk to your kids about money and become a trusted role model.
• Chad highlights the benefits of talking about the value of different jobs and skills to your kids.
• Kids need mentors. If you don't know where to start, find a parent in your circle who is already successful at this and emulate what they do.

 

 

Mentioned in This Episode:

gravystack.com/smart

smartmoneyparenting.com

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

The podcast and artwork embedded on this page are from by Gravy Stack, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

Podcast: Smart Money Parenting (LS 40 · TOP 1.5% what is this?)
Episode: Teaching Your Kids About Taking Initiative to Drive Success
Pub date: 2023-03-10

Get Podcast Transcript →
powered by Listen411 - fast audio-to-text and summarization

Is there a way to teach your kids about taking initiative and doing things without being asked? In today's episode, hosts Chad Willardson and Scott Donnell discuss customer service and the benefits of going the extra mile.

They talk about ways parents can teach their kids to go above and beyond in everything they do and why going the extra mile is essential for long-term success.

• Scott and Chad start the conversation by describing why going the extra mile is a skill every kid should master.
• Chad explains what it really means to go the extra mile for someone.
• According to Scott, going above and beyond will make you price insensitive - people are more than happy to pay extra for a better customer experience.
• Scott and Chad agree that there's no better industry to work in as a kid than the service industry.
• Smart Money parents teach their kids how businesses interact with customers.
• Scott shares a crazy customer service experience at a local ice cream shop that left him and his kids disappointed.
• Chad talks about the foundations of a great customer experience.
• Scott believes that customers are not always right, but they deserve to be treated with respect.
• For Chad, the worst thing you can do as a parent is to raise entitled kids.
• Teaching your kids to go the extra mile will serve them in any career they choose to pursue.
• Scott shares ways you can teach your kids to be proactive and take initiative.
• Chad shares a great customer experience where a teenage waitress went above and beyond to ensure customers were having a good time.
• According to Chad, the thing that separates successful companies from average companies is great customer experience.
• Scott explains how teaching your kids to go the extra mile starts with little tasks at home.
• Your kids will be successful if they grow into the type of people that take the initiative and go the extra mile.

 

 

Mentioned in This Episode:

gravystack.com/smart

smartmoneyparenting.com

Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest by Chad Willardson

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

The podcast and artwork embedded on this page are from by Gravy Stack, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

Podcast: Smart Money Parenting (LS 40 · TOP 1.5% what is this?)
Episode: Navigating the 4 Emotions and Feelings Your Kids Have About Money
Pub date: 2023-03-07

Get Podcast Transcript →
powered by Listen411 - fast audio-to-text and summarization

In today's episode, hosts Chad Willardson and Scott Donnell break down the 4 primary emotions and feelings your kids have about money.

They share how kids with different personalities spend their money and what you can do to ensure they don't make dire financial mistakes in the future.

• Chad starts the conversation by describing money emotions and how the money ideas you grew up with will stick with you for life.
• After interviewing over a thousand families, Scott and his team found that most parents don't know how to talk to their kids about money.
• They also found that kids dislike talking about money because they see it as the biggest source of conflict in the home. 
• Chad and Scott dissect the four different money personalities in kids:
  1. The Brainy Kid - This kid is super information-based and knows a lot of things about money. However, they often suffer analysis paralysis, which leaves them stuck.
  2. The Mood Vibes - They have to buy something to feel worthy or good about themselves.
  3. The Saver - They crave stable and secure environments. They rarely overspend but often put off buying things that they need.
  4. The Bling - This kid buys things to be seen and noticed. All their money goes into purchasing status symbols like a cool bike or nice shoes.
• According to Chad, once you understand your child's money personality, you can know where to start with the money conversation.
• Scott believes parents should be careful about how they have money conversations with their kids and around their kids.
• Scott shares the benefits of having unique values about money as a family.
• Scott and Chad agree that giving your kids money they did not earn is the very definition of financial incompetence.
• Chad and Scott explain why kids can only learn to appreciate money if they work hard to earn it.
• Chad highlights the benefits of talking to your kids about the grave financial mistakes you made early in life.
• Scott reveals that kids at every age can have money conversations - you don't have to wait till they're 18 to start teaching them about money.

 

 

Mentioned in This Episode:

gravystack.com/smart

smartmoneyparenting.com

Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest by Chad Willardson

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

The podcast and artwork embedded on this page are from by Gravy Stack, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

Podcast: Smart Money Parenting (LS 40 · TOP 1.5% what is this?)
Episode: What Kids Need to Know About Loans and Debts
Pub date: 2023-03-03

Get Podcast Transcript →
powered by Listen411 - fast audio-to-text and summarization

Is debt good or bad? In today's episode, hosts Chad Willardson and Scott Donnell discuss loans and why parents must teach their kids about debt.

They share some practical tips for teaching kids about debt in a way that highlights its negative impacts as well as ways they can use it to secure their financial future.

• Is debt good or bad? Chad and Scott agree that debt can be both good and bad, depending on a person's circumstances and use of the money.
• Scott and Chad discuss the basics of borrowing and why parents must teach their kids about debt.
• Chad believes parents have a duty to teach their kids the consequences of bad debt from a young age.
• Scott explains how shrewd lenders make money out of people's ignorance.
• According to Scott, credit cards, although beneficial, have the potential to ruin a person's life if handled without care.
• Chad describes how bad debt not only has a financial burden but carries an emotional and mental burden as well.
• Chad highlights why kids need to be taught the real-life consequences of being in debt.
• For Scott, it doesn't make sense to borrow money to fund your lifestyle or keep up with the Joneses.
• Scott and Chad discuss the reasoning behind pro-debt versus anti-debt mindsets.
• If you have a credit card, the stats show you're automatically spending more without even thinking about it.
• Scott describes the joys of living debt-free and how it opens doors to more investment opportunities.
• Scott and Chad go through the practical games available on GravyStack that you can use to teach your kids about loans.
• Chad believes that families that take on banking and financial literacy at home are families whose kids enter the real world confident and capable of making smart financial decisions.
• Scott and Chad agree that you should only consider taking on debt if you're investing in financially appreciating assets.
• Chad explains the benefits of a good credit score and why you need to teach your kids about good and bad credit.
• Scott shares a plan for getting out of debt that actually works.
• Teach your kids that debt is not black and white. Sometimes it makes sense to take on debt, and sometimes it won't - but always have a second opinion before taking on debt.

 

 

Mentioned in This Episode:

gravystack.com/smart

smartmoneyparenting.com

Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest by Chad Willardson

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

The podcast and artwork embedded on this page are from by Gravy Stack, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

Podcast: Smart Money Parenting (LS 40 · TOP 1.5% what is this?)
Episode: Teach Your Kids The Money Stuff That The Schools Won't Teach Them
Pub date: 2023-02-28

Get Podcast Transcript →
powered by Listen411 - fast audio-to-text and summarization

Should personal finance be taught in schools? In today's episode, hosts Chad Willardson and Scott Donnell discuss why teaching financial education in schools is great, but parents shouldn't wait for the government to teach their kids about money. They share some shocking stats about financial literacy among millennials and why personal finance education should start early, both at home and school.

• Scott reveals that 22 states passed laws for personal financial education in schools - it's great to see the education system is finally realizing that kids need financial literacy.
• A recent study found 76% of 25-year-old adults lack basic financial literacy - Scott believes we cannot sit back and expect the school system to solve this scary situation.
• Scott and Chad agree that it doesn't make sense to entrust teachers with teaching our kids financial literacy when they themselves struggle with money.
• For Chad, it's frustrating to see kids graduate high school knowing how to dissect a frog but cannot calculate interest rates or define terms like inflation.
• Why teachers don't like talking about money and nutrition in schools.
• Chad believes it's absurd that some states still don't see financial literacy as an essential part of the school curriculum.
• According to Chad, you cannot teach kids budgeting when they don't make or spend money.
• Chad and Scott discuss the type of accounts available on GravyStack and how you can create a digitally animated flow of money for your kids.
• Scott explains why it's critical to teach your kids how to save, spend, and share money.
• According to Scott, GravyStack is unique because it teaches money management without the heavy financial jargon.
• Chad and Scott agree that you cannot homework your kids into financial literacy - the fastest way to teach them about money is to make it fun and practical, with a real-life application.
• Scott explains why he's against giving kids an allowance.
• Personal finance is about teaching kids ownership and accountability, two traits the school system will probably overlook when teaching kids about money.
• Scott and Chad reveal that GravyStack will be openly available for schools looking to solve the financial illiteracy epidemic in a fun and practical way.
• Financial education starts at home. The topic is way too crucial to leave to the school system.

 

 

Mentioned in This Episode:

gravystack.com/smart

smartmoneyparenting.com

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

The podcast and artwork embedded on this page are from by Gravy Stack, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

Podcast: Smart Money Parenting (LS 40 · TOP 1.5% what is this?)
Episode: Simple Ways to Guide Your Child to Become a Generous Giver
Pub date: 2023-02-16

Get Podcast Transcript →
powered by Listen411 - fast audio-to-text and summarization

How do you teach your kids to be generous and not selfish? In today's episode, hosts Chad Willardson and Scott Donnell go through practical tips you can implement right now to teach your kids about generosity. They also discuss why it's important to raise kind and compassionate kids who know the value of giving back.

• Is generosity a teachable skill, or do kids have to be born with it?
• According to Chad, kids have different personalities, but they can all learn to be generous.
• Parents need to be generous first if they are to teach their kids generosity. 
• Smart money parenting pro tip - teach your kids to give a portion of every dollar they make. 
• Scott explains what smart money giving is all about.
• What do most super-rich people have in common? 
• After 21 years of money management, Chad noticed that most successful people are givers.
• Scott reveals that generous giving can take many forms and doesn't necessarily have to come down to money.
• Scott and Chad agree that kids should earn the money they give out - only then can they learn the value of giving back.
• Chad shares an exciting story about a time they went beach cleaning during a holiday trip to Puerto Rico. 
• Scott explains why he believes the easiest way to build tight family relationships and eliminate selfishness is to perform acts of charity together.
• Chad highlights how generous giving helps children develop an abundance mindset. 

 

 

Mentioned in This Episode:

gravystack.com/smart

smartmoneyparenting.com

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

The podcast and artwork embedded on this page are from by Gravy Stack, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

Podcast: Smart Money Parenting (LS 40 · TOP 1.5% what is this?)
Episode: Why Parents Shouldn’t Pay Allowance to Their Kids
Pub date: 2023-01-23

Get Podcast Transcript →
powered by Listen411 - fast audio-to-text and summarization

Should you give your kids an allowance? In today's episode, hosts Chad Willardson and Scott Donnell discuss the dos and don'ts of giving your kids an allowance. They also share practical money management strategies that are way better than giving your kids money they didn't earn.

• Scott and Chad start the conversation by sharing their thoughts on whether parents should give their kids an allowance.
• Chad reveals he's never been a fan of allowance because it's basically paying your kids for the mere fact that they exist.
• Although Chad and Scott agree that an allowance is an easy way to teach your kids money management, it's not the best.
• According to Chad, kids need to know that they have a role to play in the household - and they won't be paid for everything they do.
• For Scott, a great way to incentivize your kids to be more proactive in the house is to make it clear that not all tasks are created equal - some tasks warrant more pay than others.
• Chad highlights how his children earn money by going above and beyond their daily responsibilities.
• Chad is a big proponent of making your kids pay for their extra-curricular activities. If they want to go to Disney, they must earn it.
• Scott and Chad agree that parents should start teaching their kids money management as soon as they learn how to count.
• Scott believes the easiest way to ruin the relationship you have with your kids is to buy their love with money.
• Chad highlights the benefits of empowering kids to become the hero of their own financial stories.
• Scott explains how parents who never give their kids the opportunity to earn, manage, and spend money end up raising financially illiterate children.
• Scott shares how parents can take kids down the path to financial literacy using the GravyStack app - an app that harnesses the power of play to teach kids how to earn, save, invest, and share money.

 

 

Mentioned in This Episode:

gravystack.com/smart

Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest by Chad Willardson

smartmoneyparenting.com

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

The podcast and artwork embedded on this page are from by Gravy Stack, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

Podcast: Smart Money Parenting (LS 40 · TOP 1.5% what is this?)
Episode: What Is Smart Money Parenting?
Pub date: 2022-12-28

Get Podcast Transcript →
powered by Listen411 - fast audio-to-text and summarization

What would the world be like if we had 50 million kids financially competent and ready to succeed in the real world?

That's exactly what we're gonna do with the Smart Money Parenting Show. Each week, we're gonna bring you great content to raise great kids as amazing parents.

How do you keep your kids from not being only focused on themselves? Quickest way to keep your kids from being spoiled brats?

Lots of ideas, parenting hacks, and great guests talking about how to talk to kids about money. Smart Money Parenting.

The podcast and artwork embedded on this page are from by Gravy Stack, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

Podcast: Rebuilding Us: Christian Marriage Advice for Couples (LS 45 · TOP 1% what is this?)
Episode: Overcoming Financial Infidelity in Marriage - with Chad Willardson
Pub date: 2023-03-28

Get Podcast Transcript →
powered by Listen411 - fast audio-to-text and summarization

Overcoming Financial Infidelity in Marriage

 

Financial problems is the #2 reason for divorce in our country. So it makes sense that we tackle the issue of financial infidelity in marriage. This goes deeper than just having money mindset challenges or spouses disagreeing on how money is spent. Financial infidelity speaks to the deception that a couple may find themselves facing when keeping secrets or telling lies about how money is spent in the marriage. 

 

Joining us for this conversation is the founder of Pacific Capital, Chad Willardson, who coaches high earning entrepreneurs to create more wealth and focus on wealth planning in their lives and businesses. Chad has been married for over 22 years, and is the father of five children. He has been featured on Inc., Forbes, The Wall Street Journal, and more. He has written the books Stress Free Money and Smart Not Spoiled. 

 

I loved hearing Chad’s story of how he grew up to appreciate living a life of generosity, which, I believe is foundational to the success he’s experiencing today. 

 

We discuss how married couples can and should be honest about their spending practices, how to challenge their limiting beliefs about money, and where to start to recover if finances have taken a toll on the marriage. 

 

Chad shares his best tips and resources to help couples get out of debt, create wealth, and live a life they love. 

 

To learn more about Chad, visit https://pacificcapital.com. 

 

Links Mentioned in this Episode: 

Follow Chad on Linked In

Finding Financial Peace in Your Marriage - with Austin Black 

 

SUBSCRIBE | SHARE | RATE | COMMENT

To ensure you never miss an episode, be sure to subscribe on Apple Podcasts, Google Play, Spotify, Stitcher, iHeart Radio, or wherever you listen to podcasts. Remember, sharing is caring! So, share these episodes with your friends and family via email or social media.

 

Support the show: https://danache.com/donations/support-the-show/

Discover more Christian podcasts at lifeaudio.com and inquire about advertising opportunities at lifeaudio.com/contact-us.

The podcast and artwork embedded on this page are from Dana Che - Christian Speaker & Relationship Expert, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.