Mar 01 2024 16 mins 5
The episode of 'Smart Money Parenting' podcast features hosts discussing about innovative ways to help kids make money and understand the value of it. They stress the importance of teaching kids to charge for results rather than time and effort. Some of the activities mentioned include lawn mowing, car and pool washing, snow shoveling, grocery shopping for others, tutoring, sports coaching, and technology assistance. They also touched upon the concept of kids developing skills in entrepreneurship and creating their own small businesses. The hosts also reference 'Gravy Stack', a tool designed to help children learn to earn.
00:00 Introduction to Smart Money Parenting
00:03 The Concept of Making Money with Your Kids
01:51 The Importance of Charging for Results, Not Time
03:01 Real-Life Example: The Lawn Mowing Business
05:31 Brainstorming Other Business Ideas for Kids
13:58 The Power of Challenges and Learning by Earning
15:18 Conclusion and Invitation to Join DinnerTable.com
Additional Links
Want to take your family and your finances to the next level? Schedule a call with Dinner Table today.
https://scott.dinnertable.com/book
Download the Gravy Stack App for FREE (iOS)
https://apps.apple.com/us/app/gravystack-gamified-banking/id1635188175
Download the Gravy Stack App for FREE (Google Play)
https://play.google.com/store/apps/details?id=com.gravystack.gravystack&hl=en_US&gl=US
Chad’s Best Seller Book:
Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest
Scott’s Best Seller Book
Value Creation Kid: The Healthy Struggles Your Children Need to Succeed
Socials
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
