4.8 • 872 Ratings
🗓️ 24 April 2022
⏱️ 32 minutes
🧾️ Download transcript
Chad Willardson (episode 177) is a return guest where we discuss teaching kids about money! Chad recently wrote the book, "Smart Not Spoiled; The 7 Money Skills Kids Must Master Before Leaving the Nest." He shares insight into how he teaches his kids about money, opinions on teaching finance in school, and when to start working on one's will or estate plan.
Smart Not Spoiled Book - https://amzn.to/3xQnEq7
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0:00.0 | You know one of the things I share in there is I've never paid my kids an allowance. I really don't believe in allowances. I think paying kids because they're breathing and they exist and they make their bed when they wake up is really is really not teaching them much. |
0:15.0 | And so my wife and I created a menu of opportunities, menu of earnings opportunities. |
0:20.0 | And the kids get to choose how much they want to work, how much effort they want to put in, |
0:25.0 | and how much they want to earn, essentially. |
0:27.0 | So each Saturday morning they turn in their their scoreboard points for the week, all the things that they've done, and they get paid based on that effort. |
0:36.5 | And frankly, there's not really a cap. They can come up with creative projects and negotiate. |
0:42.3 | You're listening to the millionaires... up with creative projects and negotiate. |
0:43.0 | You're listening to the Millionaires Unvealed Podcast, |
0:46.0 | where you'll hear the stories and interviews of everyday millionaires. |
0:51.0 | We'll unveil their decisions, their strategies, and their |
0:55.8 | current portfolio allocation. Now to your hosts, Clark Sheffield and |
1:01.0 | J. Mattson Sin. |
1:06.0 | Welcome back to another episode of The Millionaires Unveiled Podcast. episode episode number 235 coming to you early in the week |
1:11.0 | out of our normal scheduled release date and that's because we've got a returning |
1:16.1 | guest Chad Willardson he had a book come out toward the end of last year called Smart Not Spoiled so super |
1:21.8 | Super interesting conversation with him. He told his |
1:24.4 | millionaire story a little while ago just like Joe did. And you know this book is |
1:29.0 | really interesting that Chad's written. It's all about teaching kids about finances earlier in life. |
1:36.8 | We talked a little bit about Florida and a few other states that just signed into law |
1:42.0 | having a course for high schoolers or |
1:45.3 | students to take as part of the curriculum. So Chad's been real instrumental |
1:50.7 | in trying to push you know early education for for children or around |
... |
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