Podcasts Education Self-Improvement Achieve Your Goals with Hal Elrod 522: How to Teach Your Kids About Money with Scott Donnell

522: How to Teach Your Kids About Money with Scott Donnell

Published: Feb. 21, 2024, 10 a.m.

How fulfilling would your life be as a parent to watch your kids grow up and become successful and responsible adults and positively impact others? One big piece of the puzzle is teaching them to be savvy with their money. And since schools aren\u2019t teaching our kids about money, it\u2019s up to us to kick-start that journey.\xa0

That\u2019s why I\u2019m excited to introduce today\u2019s guest, Scott Donnell. Scott is the co-author of Value Creation Kid: The Healthy Struggles Your Children Need to Succeed and the visionary behind GravyStack, a financial literacy educational app for kids and teens. Today, he\u2019s sharing invaluable insights on making money management fun and effective for our kids.\xa0

Scott\u2019s mission is to shift our focus from simply handing down an inheritance to teaching our kids to be wise, responsible, and think like entrepreneurs. He\u2019s providing insights on how we can help them understand the value of money and guide them toward making value-driven decisions with their wealth. We\u2019re essentially setting the stage for them to make a difference, not just earn a paycheck. \xa0\xa0

KEY TAKEAWAYS

  • Focus your time on heritage, not inheritance
  • If each generation outperforms the last, you\u2019re on the right track
  • Why giving your kids an allowance can actually backfire
  • The importance of encouraging side projects and learning outside of school curriculums\xa0
  • The power of teaching your kids the importance of adding value
  • Heal your own money issues so you don\u2019t pass them down to your children

Get The Full Show Notes

To get full access to today's show notes, including audio, transcript, and links to all the resources mentioned, visit\xa0MiracleMorning.com/522

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