In this episode of Smart Money Parenting, Scott and Chad invite their dads to share their experiences on parenting. They discuss the importance of taking time to teach children about practical life skills, such as money management. They emphasize the need to show kids the real world and help them understand actions, reactions, and financial responsibilities. The dads reflect on their own parenting journey, both the successes and mistakes that shaped their children's lives. Tune in to hear their valuable insights on raising financially responsible kids.
- Importance of taking time to teach and show children values and practical skills
- Emphasizing the importance of accountability and living within means
- Teaching children about the real world and the ebb and flow of actions, reactions, money, and spending
- Reflecting on the simplicity of practical lessons in financial management
- Introducing the guests, Chad's dad and Scott's dad, for a discussion on their parenting experiences
- Sharing background information on the guests, including their careers, marriages, and children
- Discussing the concept of bringing parents to work and the fun of having them as guests on the podcast
- Highlighting the importance of learning from parents' successes and mistakes in order to understand how they got to where they are today
- Sharing personal stories and experiences from the guests' parenting journeys
- Discussing the price of gas and houses when the guests were newlyweds
- Reflecting on the challenges and uncertainties of the late 70s and how it compares to the current times
- Emphasizing the importance of a strong work ethic and the value of education
- Discussing the lessons of integrity and the importance of family history and legacy
- Sharing personal stories and examples of lessons taught to children, such as saving for college and the value of generosity
- Reflecting on the resilience and strength gained from going through difficult times as a family
- Discussing the importance of time spent with children, regardless of quantity or quality, and the impact it can have on their lives
- Offering advice to younger parents, including taking time to teach and show children what is important, being accountable, and living within means
Mentioned in this episode
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
