Pacific Capital's Podcast Playlist

Should you split finances in marriage? In today's episode, hosts Chad Willardson and Scott Donnell discuss the benefits of being honest and transparent about finances in a marriage. They go through practical ways to talk about money with your spouse and how financial dishonesty destroys intimacy.

• Scott starts the conversation by explaining how raising smart money children requires input from both parents.
• How transparent should you be about money with your partner? Chad and Scott believe the more open you are, the more stable your relationship will be.
• According to Chad, people often marry polar opposites when it comes to finances - there is always a spender and a saver.
• Although there is no one-size-fits-all answer to finances, Chad and Scott agree that if you plan to stay married, you must be honest about your finances.
• If you want alignment in your marriage, you have to work together as a team.
• Scott describes how transparency builds confidence and intimacy in a marriage.
• For Chad, there is no point in hiding your finances because you'll have to face the truth at some point.
• Scott reveals the role finances play in building physical and emotional intimacy.
• Chad and Scott agree that secrets, especially financial secrets, ruin beautiful relationships.
• Chad shares why it's impossible to agree on finances 100% of the time.
• Scott and Chad break down financial infidelity - Do your marriage a favor and stop keeping money secrets from your spouse.
• Chad highlights the benefits of sharing your financial goals with your partner.
• According to Scott, great things happen when a couple becomes financially aligned.
• For Chad, the non-financially inclined spouse will appreciate you more when you're open and transparent about your finances. 

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

What is the best way to pass on inheritance to your loved ones or the community? In today's episode, hosts Chad Willardson and Scott Donnell discuss the 7 ways giving while living can add fulfillment and joy to your life.

• Scott and Chad start the conversation by explaining why giving while living is better than an inheritance after you die.
• For Chad, giving while living is about sharing your wealth and knowledge while you're alive so you can see the impact your money has on people.
• Scott believes dying with lots of money in the bank doesn't help you achieve anything.
• Scott explains the benefits of sharing your wealth while you're alive - you don't want your heirs to wait impatiently for you to die.
• Chad shares a heartbreaking story of how a mother and son moved in for their loved one's money barely 12 hours after his death.
• According to Scott, the satisfaction you get from giving while living can extend your life expectancy and deepen your relationships with loved ones.
• Chad reveals why giving is not about giving your heirs what they want all the time - you risk spoiling them if you do.
• Chad explains why giving while living is more powerful than inheritance without education.
• Scott and Chad reveal the amount of money you would need to guarantee a stress-free retirement.
• Scott shares the most important money habit to teach your kids.
• Give authentically because your kids can tell when you're inauthentic.
• Scott talks about his grandfather's legacy and how he used his wealth to build a tight-knit family.

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

How do you keep your kids safe online? In today's episode, hosts Chad Willardson and Scott Donnell go through practical ways parents can keep their kids safe online. They discuss the types of risks your child is exposed to, ways to identify potential online threats, and why you need to make it clear that they can talk to you about anything.

• Scott and Chad start the conversation by revealing many parents don't know where to start when it comes to keeping their kids safe online.
• According to Scott, all our kids are compromised as long as they own electronics.
• Chad shares a terrifying story of a malicious stranger targeting his teenage son.
• Scott and Chad agree that kids these days are way smarter than their parents when it comes to tech.
• Scott shares a shocking statistic - over 60% of 5-year-olds have made an in-app purchase using their parent's phone without them realizing it.
• Yes, kids are tech-savvy, but Scott believes they don't have enough experience to know when they are at risk.
• Chad and Scott break down a game in GravyStack that parents can use to teach their kids about online safety.
• For Chad, the best time to start teaching your kids about online safety is three years earlier than you think you should.
• Scott and Chad discuss building trust with your kids so they come to you when they feel compromised.
• Chad highlights the benefits of having rules around using technology in the house - and why he believes monitoring your kids is not an intrusion on their privacy. 

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

Did you know your money mindset can determine your financial destiny? In today's episode, hosts Chad Willardson and Scott Donnell break down the seven mindsets keeping you and your kids poor. They explain how these mindsets influence your money decisions, how to stop being anxious about money, and the changes you can make to secure your financial future.

• Scott and Chad start the conversation by revealing that the money mindsets you raise your kids with will stay with them forever.
• Scott and Chad explore why 90% of multi-generational wealth gets spent or wasted in one to two generations.
• Mindset #1 - Paying yourself last. It's crazy how much people spend on bills and expensive subscriptions without investing a single cent in their future.
• For Scott, paying yourself first keeps you motivated and gives you money confidence.
• Mindset #2 - Keeping up with friends that have expensive tastes.
• Chad shares why keeping up with the Joneses is terrible for your financial health - you don't know what they did to get there.
• Scott reveals the benefits of living off the interest of your investments.
• Scott is not a fan of the "fake-it-til-you-make-it mindset." He believes you'd much rather make smart money decisions until you make it.
• Mindset #3 - Not knowing where your money goes.
• Chad reveals that 92% of Americans don't look at their monthly statements - knowing your numbers is a crucial step toward financial independence.
• Mindset #4 - Debt and buying beyond what you can afford.
• Scott shares why he thinks living in debt is not a great way to live - and if you're in debt, you need to find a way out.
• According to Chad, the only type of debt you should have is appreciating debt or borrowing money to invest in something.
• Mindset #5 - Not planning for purchases in advance.
• Scott believes this is a common mistake among Americans - one that most cannot recover from.
• Mindset #6 - Not investing until you have enough money.
• Chad and Scott agree that people should stop assuming they'll invest when they get enough because they'll never have enough. The earlier you start, the better.
• Mindset #7 - Being clueless about taxes.
• For Scott, if you don't know your taxes, you'll forever have a poor mindset about money, which you'll likely pass on to your kids.
• Chad reveals where refunds come from and why you should not be excited when the IRS sends you a tax refund.

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

How would you react if your newly launched podcast hit the number one spot a few hours after launch? In today's episode, hosts Chad Willardson and Scott Donnell say thank you for supporting and believing in their mission to create 50 million financially competent kids ready to succeed in the real world.

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

How do you build a strong relationship with your kids? In today's episode, hosts Chad Willardson and Scott Donnell go through ways parents can build deep relationships with their kids. They discuss the foundation of a strong parent-child relationship, signs your parenting style is super effective, and advice for parents with teens.

• Scott starts the conversation by revealing how they come up with podcast topics.
• According to Scott, teenagers generally don't want to rebel. They are just trying to find their place in the world.
• Scott and Chad emphasize that you want to be the one your children call when things are both good and bad.
• Scott explains why years 0 to 12 will shape the kind of relationship you'll have with your kids.
• Scott is convinced there is no substitute for spending time with your kids.
• Chad shares the benefits of intentionally spending time with your kids.
• Scott reveals that 93% of all the time you'll spend with your kids will be from years 0 to 18½.
• Nobody on their deathbed wishes they could have worked more. Chad talks about regrets and making time for your spouse and kids.
• For Scott, the people who matter don't mind - and those who mind don't matter.
• Scott and Chad break down common parenting styles and why just being present is the best one of them all.
• Scott reveals the secret to GravyStack's success and how they turn parents into heroes.
• According to Chad, parenting is not about being the best 100% of the time - you're human and bound to mess up at some point.
• Scott explains why he believes, as a parent, you'll know you're doing a good job when your kids come to you when they're unsure about something.
• Chad shares how a father-son relationship saved his life even before he was born.

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

What are the benefits of teaching your daughters about entrepreneurship? In today's episode, hosts Chad Willardson and Scott Donnell discuss daughters, women, and money. They talk about the responsibility we have as parents to teach our daughters about money and entrepreneurship.

• We all have the responsibility to teach our daughters to become business owners and investors rather than shoppers and consumers.
• Scott starts the conversation by revealing the role parents play in teaching their daughters about money.
• Scott explains the benefits of raising daughters to be motivated value creators.
• Chad reveals the problem with only talking to your sons about business and entrepreneurship - and ignoring your daughters.
• According to Chad, your kids don't have to become entrepreneurs - but they need to learn how to solve other people's needs and create value in the world.
• 25% of teenage girls have mental health issues. Scott breaks down the driving factors behind this unfortunate statistic.
• Scott reveals that in all the years he's been in business, the best leaders he's worked with were mostly women.
• Scott and Chad discuss how the nurturing tendencies in women are now driving business success.
• Chad describes the benefits of cultivating an entrepreneurial mindset in young girls.
• For Chad, teaching girls business and presentation skills can help them become confident and self-reliant.
• Chad is convinced that families would function better if husbands included their wives in making key financial decisions around the home.
• Chad and Scott agree that couples with unique individual attributes and strong financial skills build the most successful marriages.
• Scott explains how teaching your daughters business skills means they never have to depend on anyone for anything.
• Chad shares why he believes parents should complement their daughters on more than just their looks.

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

How much do your kids know about what things cost? In today's episode, hosts Chad Willardson and Scott Donnell discuss how to teach kids about money and the true cost of things. They talk about the benefits of involving kids in financial decisions at home, a smart way to save $547 annually, and what it takes to raise financially literate kids.

• Do your kids know how much it costs to fund their lifestyle?
• Scott starts the conversation by describing why you need to start involving your kids in making financial decisions in the house.
• Scott believes your kids will struggle if they leave the nest without understanding the true cost of things.
• According to Chad, the easiest way to make your child appreciate money is for them to earn it and spend it.
• For Scott, the more a child can learn how much things cost, the better they become at differentiating between wants and needs.
• If your kids are not asking questions about money, Scott believes you're in trouble because you're essentially raising them in a bubble - and the bubble will burst.
• Involving your kids when unsubscribing from unnecessary programs is a great way to teach them the difference between wants and needs.
• Scott reveals the one game in GravyStack that can save you $547 annually.
• Learn how to uncover the motivation behind your child's wants and presumed needs.
• Scott explains why you don't have to say no every time your kid wants you to buy them something - make them earn money, and they'll learn how to spend it.
• According to Scott, it's essential that you don't assume your kids know the price of everything in the home.
• Chad reveals that kids don't like talking about money because it's the source of most arguments at home.
• Chad explains how money-related issues can strain parent-child relationships.
• Did you know that over 90% of generational wealth is lost or wasted by the second generation?
• Chad describes a great way to pass on generational wealth successfully.
• Remember, you're not a parent for 18 years. You're a parent for the rest of your life - it's a blessing when you do it right.

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

Should all kids become entrepreneurs? In today's episode, hosts Chad Willardson and Scott Donnell discuss how kids can learn to think, act, and live like entrepreneurs.

They cover fun and engaging ways children can learn about entrepreneurship, lucrative businesses to start, and the skills needed for future career success.

• Scott starts the conversation by explaining why kids should be taught how to dream, act, and live like entrepreneurs.
• Chad and Scott believe that not all kids can become entrepreneurs - but thinking like one is probably one of the best skills you can teach a child.
• Scott reveals the ideal starting point when teaching kids how to become entrepreneurs.
• According to Scott, all kids have to learn the art of value creation and how to put something into the world that is useful to others.
• Scott reveals the tremendous impact The Children's Business Fair has had on kids worldwide.
• Scott breaks down the three foundational steps of a great pitch.
• Chad explains ways kids can learn how to develop viable business ideas.
• For Scott, the best way to find meaning in life is to solve problems for yourself and those around you.
• Scott describes why profit is not a bad thing - it's the lifeblood of every business and the reward for putting your capital at risk.
• Scott believes kids are far more likely to overcome laziness and negative self-doubt when they feel valued and of service to others.
• Chad explains how learning to pitch can help your kid overcome being introverted and socially awkward.
• Chad and Scott define price testing and how kids can learn to do it correctly.
• Chad talks about business opportunities for kids that are way better than lemonade stands.

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

What lessons should you teach your kids about taxes? In today's episode, hosts Chad Willardson and Scott Donnell discuss everything parents need to know about taxes and the hands-on strategies they can use to teach their kids about taxes. They cover when to start teaching kids about taxes, how to pay less taxes legally, and a brilliant way business owner parents can save on taxes.

• Scott starts the conversation by highlighting why we must teach our kids about taxes and tax codes.
• According to Chad, most people are clueless about taxes, so automatically, their kids struggle with taxes too.
• Chad shares an interesting story of an NBA player who couldn't believe that 50% of his earnings would go to the IRS.
• Scott and Chad agree that paying taxes is important because it keeps the country running.
• Chad explains what parents need to know about taxes before teaching it to their kids.
• Scott shares the history of taxes from the days of the Revolutionary War to where we are today.
• Chad believes an ideal step to teaching a child about taxes is making them understand that they have a say in how their taxes get spent.
• Chad talks about the benefits of showing your kids how to pay fewer taxes legally.
• For Scott, kids should not leave the house for college or work before understanding basic principles in the tax code - the earlier you start the better.
• Scott goes through a great game in GravyStack that shows kids ways to avoid the potential tax pitfalls that most people face once they start earning money.
• Chad shares a brilliant way business owners can save on taxes - employ your kids.
• Chad explains why you should never celebrate tax refunds and how you can work to eliminate them forever.
• Scott reveals an ingenious way your teenage kids can earn extra money during tax season.
• Scott shares a shocking static - 80% of all the money in circulation was printed in the last 2 ½ years.
• Chad and Scott agree that when the government is printing and spending money, you should be investing. 

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