Podcast: Smart Money Parenting (LS 40 · TOP 1.5% what is this?)
Episode: Setting Goals for Success: Inspiring Kids to Reach Their Full Potential
Pub date: 2023-08-29

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In this podcast episode, the Scott & Chad discuss their mission of financial education and success building in young people. They talk about the overwhelming response they receive from people who want to get involved and help. They also mention their upcoming event where they plan to break a world record for the most kids learning about financial literacy live on a livestream. They then shift the conversation to the importance of setting goals for kids and how it can help them think about something bigger than themselves. They mention a book called "Be Your Future Self Now" that inspired discussions with their own teenagers about setting goals and becoming the person they want to be in the future.

Bullet Point Break Down;

• Breaking a world record for the most kids in history participating in a live stream to learn financial literacy skills.
• Mention of notable guests and influencers participating in the event.
• Discussion on the importance of setting goals and thinking about a future version of oneself that matters enough to take action today.
• Reference to the book "Be Your Future Self Now" by Dr. Benjamin Hardy and its impact on teenagers.
• Explanation of the MAP (Motivation Ability Prompt) system for taking action on goals.
• Examples of using the MAP system for flossing teeth and doing push-ups.
• Importance of setting up prompts and reminders to support goal achievement.
• Mention of the "Start Your Day" habit and the concept of working backwards to set goals.
• Introduction to the concept of a strategy circle for kids and families to overcome obstacles and reach goals.
• Encouragement to make goals simple, measurable, and attainable.

How to Keep your Kids Accountable; 

• Emphasize the importance of setting goals that are simple, measurable, and attainable.
• Discuss the concept of SMART goals (Specific, Measurable, Achievable, Relevant, Time-bound).
• Encourage kids to think about their future selves and what they want to achieve.
• Teach kids to work backwards from their desired outcome and set smaller, actionable goals.
• Introduce the idea of creating vision boards or I am statements to visualize and reinforce goals.
• Use prompts and reminders to help kids stay motivated and accountable.
• Encourage kids to identify and overcome obstacles that may hinder their progress.
• Discuss the concept of perseverance and the importance of taking action towards goals.
• Highlight the benefits of having an accountability partner or support system.
• Encourage kids to celebrate milestones and successes along the way.

Mentioned in This Episode:

Elevate Experience 2023

Empower Over 15,000 Kids in a record Breaking Financial Literacy Event 

https://www.elevate.kids

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 - linkedin.com/in/donnell-scott 

Chad Willardson on LinkedIn - linkedin.com/in/chadwillardson

Scott Donnell on Instagram - @imscottdonnell

Chad Willardson on Instagram - @chad.willardson

Scott Donnell on TikTok - @imscottdonnell

 

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