Episode Highlights With Scott<ul><li>How he came face to face with a bear and a shark and survived</li><li>Understanding financial literacy and teaching this to our kids at a young age</li><li>Passing on a generational legacy to kids</li><li>Steps for building financial literacy with kids and preparing them for wealth at a young age</li><li>The three “E”s of wealth with kids</li><li>How to use the Gravy Stack app for teaching kids wealth</li><li>Expectations, Expenses, and Extra Pay as Teachers of finances with Kids</li><li>The things that differentiate families that create generational wealth</li><li>Mindset keys to raising value creators </li><li>Common pitfalls in parenting and how to avoid them</li><li>Are you passing on money trauma to your kids without knowing it?</li><li>The number one thing he learned from legacy families: kids need heritage not inheritance </li><li>Why he doesn’t recommend an allowance and what to do instead</li><li>4 stages of earning for kids: Earning, asset appreciation, community gigs, service or product business</li><li>Then save, invest, share, and spend</li><li>His thoughts on college and higher education and why skills beat degrees</li><li>56% of college students get debt but not the degree</li><li>Less than 1 in 4 22-year-olds are financially independent </li></ul>Resources We Mention<ul><li><a href='http://gravystack.com/wellnessmama'>GravyStack</a></li><li><a href='https://podcasts.apple.com/us/podcast/smart-money-parenting-audio-edition/id1661833356'>Smart Money Parenting Podcast</a></li><li><a href='https://www.amazon.com/Value-Creation-Kid-Struggles-Children/dp/1636801463?crid=1TI1YBN08IHP0&keywords=value+creation+kid&qid=1694705938&sprefix=value+creation+kid%2Caps%2C111&sr=8-1&linkCode=ll1&tag=wellnessmama-20&linkId=d1f0dbe6cb827e83412319d359f455df&language=en_US&ref_=as_li_ss_tl'>Value Creation Kid: The Healthy Struggles Your Children Need to Succeed</a> by Scott Donnell and Lee Benson</li><li><a href='https://www.amazon.com/The-Road-Less-Stupid-audiobook/dp/B07DJWQ7JN?crid=3U6E8720OTKSB&keywords=The+road+less+stupid&qid=1694706040&sprefix=the+road+less+stupid%2Caps%2C109&sr=8-1&linkCode=ll1&tag=wellnessmama-20&linkId=8b72016f344e457b285023536fe94983&language=en_US&ref_=as_li_ss_tl'>The Road Less Stupid </a>by Keith J. Cunningham</li><li><a href='https://www.amazon.com/Tiny-Habits-Changes-Change-Everything/dp/0358362776?crid=3L7QBTE9DWOIR&keywords=tiny+habits&qid=1694706106&s=books&sprefix=tiny+habits%2Cstripbooks%2C105&sr=1-1&linkCode=ll1&tag=wellnessmama-20&linkId=6442525d81acf4207f12210911df0a16&language=en_US&ref_=as_li_ss_tl'>Tiny Habits</a> by BJ Fogg PhD</li></ul>

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How to Prepare Your Kids for Wealth & Financial Literacy With Scott Donnell

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