Ultimate Guide To Raising Financially Literate Kids | Scott Donnell

Wealthy Way

Ryan Pineda

Business, Entrepreneurship

4.8 • 2.1K Ratings

🗓️ 30 October 2024

⏱️ 100 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode of The Wealthy Way, I sit down with Scott Donnell, CEO of Hapbee Technologies and creator of the GravyStack™ banking app for kids and families. Scott’s background is impressive—he’s taught leadership, fitness, and financial literacy to over 6 million kids across the nation. We dive into his approach to raising financially savvy children and the key values he believes every parent should pass on.Scott talks about embracing healthy struggle and why it’s so important for a child’...

Transcript

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0:00.0	What you don't want is for your kids to live in your shadow.
0:03.0	I grew up in a middle class family and my parents lost everything in 2008.
0:07.0	So in my adult life, I've had to...
0:10.0	How do you set up the right processes for your kids to succeed in life and learn the character traits and learn the financial competencies?
0:16.4	There's two rules for a healthy struggle.
0:18.4	Number one, I think every generation has the chance to be that power mover.
0:23.4	Like, hey, it stops with me.
0:24.7	This generational curse, generational trauma, these issues have happened.
0:27.7	It stops with me.
0:28.4	And that's just a decision.
0:32.2	What's going on?
0:33.0	today I've got a man who has exited multiple companies, one of which had an
0:37.8	IPO of over a hundred million dollars. Now his mission is to serve families and help teach kids and families financial literacy.
0:46.0	They've served over 7 million families at dinner table.
0:48.0	I have got Scott Donald.
0:50.0	What's up man?
0:51.0	How you doing buddy?
0:52.0	Good. Well I'm excited to talk about just how to raise kids with
0:57.2	understanding money because I have three kids five and under
1:00.8	Hopefully I have some more here, but I've always just wondered man like how do you teach them skills and to earn things
1:07.0	especially you know for for them they're gonna come up in a much more wealthy environment than I did and that many people will do.
1:15.5	But like how do we start training our kids to be financially savvy from a young age, whether
	...

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