Pacific Capital's Podcast Playlist

Podcast: Smart Money Parenting (LS 40 · TOP 1.5% what is this?)
Episode: Unleash the Power of Healthy Struggles for Your Kids, w/ Lee Benson
Pub date: 2023-05-23

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

Want to know how to raise your kids to become value creators? In today's episode, host Scott Donnell sits down with Lee Benson and Kary Oberbrunner to break down Lee and Scott's new book Value Creation Kid: The Healthy Struggles Your Kid Needs to Succeed.

• Financial competency is the biggest gap in education because it's not taught in schools or at home.
• For Lee, smart money parenting is about creating an environment where kids can learn to create value in the world.
• Scott and Lee believe parents who protect their kids from pain and discomfort risk raising spoiled kids.
• Parents who remove healthy struggles from their child's life may unknowingly jeopardize their future.
• Lee explains how parents can turn healthy struggle into capability, confidence, and value creation.
• According to Scott, kids as early as kindergarten can start learning the art of value creation.
• How to shut down the Bank of Mom and Dad for good.
• Scott explains why he feels capitalism should be renamed value create-ism - because a capitalistic economy only grows when people add value to the world.
• Your kids need to learn financial skills for saving, spending, sharing, earning, and investing before age 18.
• Lee and Scott agree that it's never too late to start teaching your kids financial literacy.
• According to Scott, parents need to be comfortable with healthy struggles - Let your kids fail, but they should never forget that you love them.
• Discipline is actually a lack of training. Scott explains how, most of the time, behavior and discipline issues stem from a lack of training.
• Scott reveals that the best way to teach a kid about money is through fun and real-world experiences using real money.
• Scott talks about financial literacy and how banks make money from people who are not financially competent.
• Lee and Scott review the features that make GravyStack a unique banking platform for kids.
• Scott highlights the three main parts of their new book.
  • Part 1: The Challenge. How to start the value creation journey with your kids.
  • Part 2: The four categories in the GravyStack method.
  • Part 3: The Reward. The benefits of cultivating a value creation mindset in your home.

 

 

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

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

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: Should Your Kids Know How Much Money You Make? w/ Shannon Waller
Pub date: 2023-05-19

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

Do your kids know how much money you make? In today's episode, hosts Chad Willardson and Scott Donnell sit down with Shannon Waller from Strategic Coach to discuss the do's and don'ts of talking to your kids about the amount of money you make.

• Scott and Chad reveal how they talk to their kids about money and the benefits of creating value in the world.
• What are unique abilities? According to Shannon, these are things you are good at and love to do - so you always want to improve because you care.
• Shannon describes what it's like raising kids who know how to create value and leave a mark in the world.
• For Scott, the number one reason for making a lot of money is to buy back your freedom.
• What's the difference between envy and jealousy? Jealousy is when you want what someone else has. Envy, on the other hand, is when you don't want them to have it.
• It's totally okay to make a lot of money and tell your kids about it. But Shannon believes you must be careful about the number; otherwise, you risk raising spoiled and entitled kids.
• According to Scott, you need to help your kids understand there's no shame in making a lot of money.
• Chad talks about the type of money and investment conversations he has with his kids.
• Chad reveals why it doesn't make sense to hide everything from your kids because everything they need to know is just one Google search away.
• You need to help your kids understand that creating value in the world often comes with a financial reward.
• Scott is convinced that rules without relationship equals rebellion, but rules with relationship equals results.
• Scott and Chad go through the pros and cons of telling your kids how much you make.

 

 

Mentioned in This Episode:

gravystack.com/smart

smartmoneyparenting.com

The Kolbe System - kolbe.com

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

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: Your Kids' Schooling: One Size Doesn't Fit All w/ Kary Oberbrunner
Pub date: 2023-05-16

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

Is homeschooling better for your child's development? In today's episode, hosts Chad Willardson and Scott Donnell sit down with Kary Oberbrunner to discuss the pros and cons of customized learning and its impacts on your child's future success.

• Scott and Chad start the discussion by breaking down the benefits of personalizing your child's education based on their strengths, needs, skills, and interests.
• According to Kary, there is no one-size-fits-all approach to learning. Your job as a parent is to find a curriculum that maximizes your child's potential.
• Scott and Chad settle the private versus public versus homeschooling debate.
• Kary reveals what parents should do when their child wants to switch schools.
• When looking for a school for your kid, Scott believes you should look for institutions where your child will thrive.
• Kary talks about the drawbacks of constantly moving your kid from one school to another.
• Kary explains why he feels not all kids should go to college - especially if they're interested in the trades or more technical career paths.
• According to Chad, obtaining current knowledge from the internet will be much more valuable than sitting in a classroom and memorizing facts from an old textbook.

 

 

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

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

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: 17 Ways to Compliment Your Kids
Pub date: 2023-05-12

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

Scott and Chad sit down and discuss why complimenting your children is a great way to build their self-esteem and confidence, and give you a list of 17 compliments that you can use as a parent to completely make their day.

• Chad’s brother-in-law is a pediatrician and he saw that kids suffered greatly during the past two years of the pandemic. Children were lonely and scared, and were self-harming at alarming rates all over the world.
• Our kids need to be lifted up and strengthened, more so now than ever.
• Consider saying one of the following compliments every single day for the next three months.
• #1 You make me proud.
  • Every child wants to know their parents are proud of them. Take 30 seconds and find something you are proud of and let them know.
• #2 I’ve noticed how hard you’ve been trying.
  • This reinforces the effort and shows you appreciate the act, not just the end result.
• #3 You inspire me.
  • This uplifts kids in a way that’s hard to describe and builds instant connection.
• #4 I can trust you because you’re honest.
  • Children want their parents to trust them and will consider that when they have a decision to make. Valuing trust and integrity can be done with a simple compliment.
• #5 You are a great role model.
  • Kids want to be a role model for others in things they care about. They want to know they are leading the people behind them.
• #6 You make me want to be the best person I can be.
  • This tells you kids that they matter. That they are the reason you want to be better.
• #7 You amaze me.
  • Kids want to impress the people they care about. Show them that you notice how awesome they are.
• #8 Your effort hasn’t gone unnoticed and I appreciate it.
  • Reward progress, not perfection. If you reward effort and progress you help them create momentum.
• #9 Thank you for teaching me something new.
  • There are always new things you can learn from your kids. Tell them that when they show you something you didn’t know.
• #10 I’m lucky to have such a kind child.
  • This reinforces the value of kindness that every kid can benefit from having.
• #11 You’ve got so many great ideas.
  • Your kids are a font of creation. Tell them that you love that about them and encourage their creativity. Whatever you focus on you get more of.
• #12 You make people around you smile.
  • Kids are a great joy if you look for it.
• #13 You’re not afraid to dream big.
  • We should be encouraging our children’s dreams and ambitions.
• #14 Your willingness to try is admirable.
  • If you encourage their willingness to try, they will put in the effort to try new things more often.
• #15 You bring so much joy to our family.
  • Kids have a memory bank that you need to build. The fastest way to remove mental health issues like anxiety, fear, and depression is using compliments like this.
• #16 You glow when you smile.
  • Smiling has a physiological effect. Reinforcing the act of smiling makes it more of a habit.
• #17 I really admire the person you have become.
  • This acknowledges their growth and that they are a good person as they are.
• Children need parents that build them up and a lot of that has to do with the language we use. Compliments are free so take 21 days and turn complimenting your kids into a habit.

 

 

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

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

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: Money Talks in Your Marriage
Pub date: 2023-05-09

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

What is the best way to talk about finances in a marriage? In today's episode, hosts Chad Willardson and Scott Donnell discuss the money conversations couples should have in a marriage. They break down simple ways to talk about money with your spouse and the essential questions you must ask your partner to understand their money mindset.

• Money conversations in marriage and the topics you should discuss with your spouse.
• Share your successes and mistakes as a parent with your kids. It doesn't scare them. It helps them learn and grow.
• Scott and Chad discuss the benefits of increasing the quality and frequency of your money conversations with your spouse.
• For Scott, you don't have to know everything about money to have productive financial conversations with your kids. You can always ask a friend or a mentor to talk to them over dinner.
• Scott and Chad cover creative money and finance-related questions you can use to understand your partner's money mindsets.
• For Scott, you don't outgrow your partner in marriage; you just grow apart.
• Chad and Scott agree that couples must have frequent conversations about money, especially if the goal is to stay together long-term.
• According to Scott, the best marriages work because couples are open and honest with one another.
• It's very normal to disagree on finances as a couple. Chad believes it's almost impossible to come from different backgrounds and share the same views 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

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

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: Turn Your Kids Into Assets, Not Liabilities w/ Dan Sullivan
Pub date: 2023-05-05

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

Scott and Chad sit down and discuss the intricacies of parenting with Dan Sullivan, a renowned coach and mentor to thousands of people around the world. Dan talks about the history of parenting and why we are in the middle of a tremendous cultural shift and why Gravystack will change the world.

• Dan’s role model for his later years has been his father, who had his best business year at the age of 82. Dan felt that the day his father retired was the day he no longer knew who he was.
• There is a crisis in parenting and the younger generation at the moment.
• Up until recently, we’ve been living in a world shaped by the Bretton Woods Agreement after World War 2. The resulting political climate made sense as long as the Soviet Union existed, but after the collapse in 1991, everything has changed, and that has created an artificial world where we’ve been raising kids.
• In the 40’s and 50’s, children were an asset. The financial security of the family relied on children being able to accomplish tasks, but the relationship of children to parents began to change after that time.
• Children became more of an expense than an asset.
• In the past, it was more common for children to know what things cost and the finances of the family. The more accurate and fully you inform your children, the less chance you have of a misunderstanding.
• The current condition of parenting and children can be traced back all the way to the 60’s.
• Covid has had two benefits; children found out what their parents did for a living, and parents learned what their children are being taught in school.
• Education should be based on its practical ability to create value in the world. Finances are a major hole in the education of children in general.
• Children can’t educate themselves, despite what one side of the political divide says at the moment. Parents need to provide them the tools to succeed in the world.
• The average Strategic Coach client has 3.5 kids. Dan likes to say it’s because clients often end up with both a lot of time and money, which are great conditions for a larger-than-average family.
• We are on the threshold of a cultural shift in regards to economics and finance. Savings always beats 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

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

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: The Healthy Struggles Your Children Need to Succeed
Pub date: 2023-05-02

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

Children need to experience healthy struggles to realize their full potential. Scott and Chad discuss how to create smart, successful, confident children by allowing them the space to overcome challenges in their own lives.

• The impulse to give your children all the things you never had as a kid comes from a good place, but it can prevent them from growing in the ways they need to.
• As parents, it’s easy for us to intervene and tell our kids what to do, but that hinders a child’s ability to make hard decisions for themselves.
• Your goal as a parent is to let your kids go through life experiences themselves, but to coach them along the way.
• We want to let our kids do dangerous things safely so they can build their competence and confidence.
• One way to gauge this is whether your children are willing to try new things. Are they nervous and hesitant about trying new activities?
• Helping a kid overcome a problem gives them confidence for life.
• Most kids struggle and want to give up as a default. Instead of telling them to suck it up and keep pushing, show them the value of overcoming challenges by embodying that value yourself.
• It takes discipline as a parent to allow your children to struggle. Ask questions instead of just solving their problems for them. Teach them to think through their challenges and work through things on their own.
• Watching your child figure out problems and gain confidence in themselves is fantastic.
• Solving your kid’s problems for them just creates a dependency.
• If your child needs to raise money for an activity, challenge them to reach out beyond family and friends.
• Overcoming challenges consistently will build children up into capable, confident, and effective adults.
• Chad tells a story of his seven-year-old son learning how to surf and being challenged enough to want to quit.
• You can’t expect your kids to get everything they need to be successful in public school.

 

 

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

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

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: Rules Without Relationship Equals Rebellion
Pub date: 2023-04-28

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

Your relationship with your children is going to be the foundation for everything you do. If you try to enforce rules without having a strong relationship first, you end up with rebellion and strife. Listen in to Scott and Chad talk about how to develop trust with your children and why being a safe but firm authority figure is the foundation of a healthy relationship.

• Chad tells the story of how his daughter asked to have a cell phone in 7th grade and the reasons why he and his wife thought it wasn't the best idea.
• There is no substitute to spending time with your kids. If you find your children rebelling against your rules, you need to start by investing more time with them.
• The more you connect and show them that they are your priority, the more trust and depth of a relationship you will have.
• Don’t ask them about their day when you are staring at your phone. Give them your full undistracted attention and show them that you care.
• If you have more than one child, spend time with each of them one-on-one. You need to have a relationship built on trust in order to have difficult conversations or lay down rules.
• Every kid will push boundaries eventually. When that happens the goal is to be a safe wall and avoid blowing your top. Be the safe wall that your kids can bounce off of safely.
• Your kids will understand the rules and the boundaries better when they know they are part of a family unit. What your family stands for flows into your children’s relationship with the rules.
• Both Scott and Chad have family mottos that encourage everyone in their family to overcome challenges and hardships. This value structure leads to kids that feel confident and resilient, and encouraged to be their best selves.
• We want kids to be strong-willed, independent, and willing to stand up for what’s right, but that can only be established and enforced within a family where the relationships are built on love and trust.
• Chick-fil-A’s corporate culture is a good example of how results come from the quality of your relationships. They use the SERVE core values in the business.
  • See and shape the future,
  • Engage and develop others,
  • Reinvent continuously,
  • Value results and relationships,
  • Embody the values
• You can hold people accountable and build great relationships at the same time. The best leaders have great relationships with their people.

 

 

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

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

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: The L3 Leadership Podcast with Doug Smith (LS 45 · TOP 1% what is this?)
Episode: Chad Willardson on Stress-Free Money, Entrepreneurship, and the Four Freedoms You Should Pursue in Life
Pub date: 2023-04-25

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

Send us Fan Mail

Episode Summary: In this episode of the L3 Leadership podcast, Chad Willardson returns to the podcast to discuss his entrepreneurial journey, shares tips for entrepreneurs looking to level up, and provides some basic financial advice to anyone who is pursuing financial freedom. 

About Chad Willardson: Chad is the president of Pacific Capital, a fiduciary wealth advisory firm he founded in 2011 that serves entrepreneurs and families. His best-selling first book, Stress Free Money has been featured in Forbes 21 books to read in 2021, NBC News, and Yahoo Finance.

In addition to serving the family office clients of Pacific Capital, Chad also manages the 450 million-dollar investment portfolio as the elected city treasurer of his community. Chad is recognized as one of the top wealth management experts in the country and has appeared in the Wall Street Journal, Forbes Inc., US News and World Report, Investment News, Entrepreneur, and Financial Advisors Magazines. 

He lives in Southern California with his wife, Amber, and their 5 children.

4 Key Takeaways:
1. Chad talks about the changes brought about in the corporate banking world after the financial crisis of 2008, and why this drove him to start his own company in 2011 with no real entrepreneurship experience.
2. Distractions such as media can get in the way of growth and self-development.
3. Chad gives a lot of credit to Dan Sullivan for his personal development. Chad and Doug discuss the four freedoms that he’s learned about from Dan’s program.
4. He provides some general money advice for people who are looking to have more financial freedom.

Quotes From the Episode:
“Regardless of whether you own your own business or not, I believe that you should be working to maximize your own talents and gifts and doing something that you really have fun doing.”

“The more I use my time for things that matter, then the more that I can grow.”

“Don’t be miserly until some future retirement date, still enjoy your life. If you can’t enjoy the money you’re earning a little bit, then what’s the point? It’s not all about ‘I’m going to live life at some future date.’.

Resources Mentioned:
Dan Sullivan’s Strategic Coach
Smart Not Spoiled by Chad Willardson
Gravystack
Stress-Free Money by Chad Willardson
Beyond the Money by Chad Willardson
Die with Zero by Bill Perkins

Connect with Chad:
Website | Twitter | Linkedin 

Support the show

The podcast and artwork embedded on this page are from Doug Smith , 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 Raise a Value Creation Kid
Pub date: 2023-04-25

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

How do we raise children that have more than we did, but don’t become spoiled rotten along the way? In this episode, Scott and Chad discuss their philosophies on raising children, and also making sure children stay grounded, smart, and grateful for what they have, with a foundation of personal finance before they graduate high school.

• The overlap of Scott’s and Chad’s books create the foundation for Gravystack.
• The audience of the podcast is made up of parents from across the financial spectrum, and they all want the same for their children. They care about their children’s success and financial wellbeing.
• If kids can learn how to create value, they are going to grow up with a mindset of abundance and empowerment that will help them their whole lives.
• There are so many competing identities vying for our kid’s attention. All education should be based on the value that it creates in the world.
• There are three types of value: material, emotional, and spiritual. Every kid can create a lens to view the world on how to create those kinds of values from every situation.
• The confidence you get from a value creation mindset is unlike any other. This is what entrepreneurs do, and if kids can adopt this mindset, it can change the world.
• Not wanting your kids to struggle comes from a point of love, but not having to overcome struggles is what turns kids into spoiled, entitled adults.
• You have to put in the work to earn the trophy for your accomplishments.
• Parents have a tendency to shelter their kids, but children need to struggle through certain things in order to learn their own value.
• Healthy struggles create capability in kids. Capabilities create confidence. Confidence and capability together creates value in the world.
• Going through tough things is the antidote to entitlement, victimhood, and laziness.
• There is so much pressure on the younger generations right now. The value creation cycle allows them to take off that pressure and find ways to create value in the world and feel good about the efforts they put in.
• The frameworks in the book remove the bribery and coercion that most parents have to resort to in order to get their kids to take action.
• If, as a parent, you always intervene in your kid’s life, you prevent them from ever developing the capabilities they need to succeed.

 

 

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

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

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.