"Kids have to feel the pinch of spending and they have to feel the pain of earning. If you don't do those things, they're never gonna learn about money."

In this episode, Amberly Lago welcomes Scott Donnell, a father of four and founder of GravyStack. Scott is also a Wall Street Journal best-selling author ("Value Creation Kid") and hosts the top 1% podcast, "Smart Money Parenting." His work revolves around empowering parents and imparting crucial financial education for children. His passion for teaching kids good money skills has served over 6 million families. He shares his mission to help 50 million families succeed and 50 million kids become financially competent.

In this inspiring episode, Amberly and Scott discuss the importance of teaching kids about money and how it is lacking in the education system. Don't miss this life-changing conversation filled with wisdom and insights.

Notes:

• Distinguishing between an inheritance and a heritage fund for your children (4:50)
• Guiding your kids to understand the value of a dollar without unnecessary struggles (10:50)
• Discovering why GravyStack stands out as the optimal method for imparting money skills to your children (23:38)
• Exploring the 3 Es of instilling responsibility in your kids within the household (29:10)

Links mentioned in this episode:

• GravyStack - use code Family23 for a free month
• The 7 Family Money Skills ​​​​​​​Waging War on Entitlement Webinar

Follow Scott:

• LinkedIn
• YouTube
• Website

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