How can you prepare your kids for the real world after leaving the nest? In today's episode, hosts Scott Donnell and Chad Willardson discuss why you must create a home environment similar to what your kids will find in the real world. Scott starts the conversation by describing when and how parents should start preparing their kids for the real world. Chad reveals the most important lesson he learned growing up. As a parent, your kids need to know that play never comes before work. We work first...
Jun 09, 2023•18 min
What is the key to developing coachability in your kids? In today's episode, hosts Scott Donnell and Chad Willardson discuss why coachability is crucial for success for both kids and parents. Chad and Scott break down the concept of coachability and why it’s important for a family’s success. The most successful people have coaches. According to Chad, high performers have coaches and view them as a crucial cog in their path to success. Parents should never match their kid’s emotions. If your kid ...
Jun 06, 2023•23 min
Should you be firm with your kids? In today's episode, hosts Scott Donnell and Chad Willardson discuss how being firm and kind to your kids creates mentally strong and successful kids. They cover the best way to say no to your children and how letting your kids solve their own problems turns them into confident, resilient, and well-rounded individuals. Chad starts the conversation by describing how being firm but kind creates mentally strong and successful kids. Scott describes the foundation of...
Jun 02, 2023•19 min
Scott and Chad sit down and discuss how letting your kids scrape their knees is key to their long-term success and overall resiliency in life. Find out why small struggles and overcoming difficult challenges is important to building confidence and how parents that coddle their children prevent them from growing into all they are meant to be. Kids need to run into small obstacles and challenges like scraping their knees. Scott tells the story of making mistakes as a new and exhausted father. Babi...
May 30, 2023•17 min
How do you set and communicate expectations to your kids? In today's episode, hosts Scott Donnell and Chad Willardson discuss the importance of clarity and setting expectations for kids. They also reveal how ambiguity around expectations creates anxiety and chaos for your kids. Ambiguity creates anxiety, but clarity creates confidence in kids. For Scott, you need rules and systems to run a functioning home. However, when you're rigid and structured with your rules, you risk killing your child's ...
May 26, 2023•21 min
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...
May 23, 2023•57 min
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...
May 19, 2023•26 min
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 i...
May 16, 2023•12 min
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 tha...
May 12, 2023•19 min
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 sca...
May 09, 2023•18 min
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 cri...
May 05, 2023•28 min
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 h...
May 02, 2023•20 min
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 w...
Apr 28, 2023•22 min
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,...
Apr 25, 2023•30 min
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 mor...
Apr 21, 2023•25 min
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 believe...
Apr 18, 2023•23 min
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...
Apr 14, 2023•15 min
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...
Apr 11, 2023•27 min
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.c...
Apr 07, 2023•22 min
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 ...
Apr 04, 2023•24 min
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 daught...
Mar 31, 2023•21 min
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 maki...
Mar 28, 2023•20 min
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 entre...
Mar 24, 2023•22 min
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 Cha...
Mar 21, 2023•29 min
Do your kids have the mindset of delayed gratification? In today's episode, hosts Chad Willardson and Scott Donnell discuss all things investing and thinking long-term with your kids. They cover value creation and how learning delayed gratification will make your kids more successful in life. Scott starts the conversation by revealing that Gen Z is the least invested generation in history. Chad reveals why Stanford's Marshmallow Experiment is a great way to test a child's sense of delayed gratif...
Mar 17, 2023•29 min
Are you a good financial role model to your kids? In today's episode, hosts Chad Willardson and Scott Donnell discuss how parents can become positive financial role models for their kids. They cover ways kids learn about money, the benefits of teaching your kids about the real cost of life, and why you should be as transparent as possible about money with your kids. Scott starts the conversation by describing how parents can become financial role models to their kids. According to Chad, kids lea...
Mar 14, 2023•21 min
Is there a way to teach your kids about taking initiative and doing things without being asked? In today's episode, hosts Chad Willardson and Scott Donnell discuss customer service and the benefits of going the extra mile. They talk about ways parents can teach their kids to go above and beyond in everything they do and why going the extra mile is essential for long-term success. Scott and Chad start the conversation by describing why going the extra mile is a skill every kid should master. Chad...
Mar 10, 2023•21 min
In today's episode, hosts Chad Willardson and Scott Donnell break down the 4 primary emotions and feelings your kids have about money. They share how kids with different personalities spend their money and what you can do to ensure they don't make dire financial mistakes in the future. Chad starts the conversation by describing money emotions and how the money ideas you grew up with will stick with you for life. After interviewing over a thousand families, Scott and his team found that most pare...
Mar 07, 2023•28 min
Is debt good or bad? In today's episode, hosts Chad Willardson and Scott Donnell discuss loans and why parents must teach their kids about debt. They share some practical tips for teaching kids about debt in a way that highlights its negative impacts as well as ways they can use it to secure their financial future. Is debt good or bad? Chad and Scott agree that debt can be both good and bad, depending on a person's circumstances and use of the money. Scott and Chad discuss the basics of borrowin...
Mar 03, 2023•30 min
Should personal finance be taught in schools? In today's episode, hosts Chad Willardson and Scott Donnell discuss why teaching financial education in schools is great, but parents shouldn't wait for the government to teach their kids about money. They share some shocking stats about financial literacy among millennials and why personal finance education should start early, both at home and school. Scott reveals that 22 states passed laws for personal financial education in schools - it's great t...
Feb 28, 2023•23 min
