Show notes
If you are a parent, grandparent, teacher, or anyone who has anything to do with kids, then I have a treat for you in this episode of Couch Time. I sat down with Scott Donell to talk about how we can educate children about money and give them the money skills they need to be successful and financially literate in their lives. Scott Donell is the founder of GravyStack, the banking and investment app for kids and teens that plays like a game. Topics covered in this episode include: 6:59 - You may not feel qualified, but you need to train your kids on these practical skills to succeed in life 8:41 - Here’s how you can make learning about money fun for kids 13:04 - This is how much the average family can save per month by using this app 20:39 - What you need to understand about creating a legacy and generational wealth 23:53 - The core five money skills kids learn with Gravy Stack 25:07 - The three ways to create value in the world and how to do it 32:33 - This is what happens when a kid is taught to create value 34:36 - Your kids need heritage, not inheritance 42:11 - Have these conversations with your kids to help them be more successful 48:39 - The problems with allowance that you need to know If you are wondering how you can teach your kids about money and investing in a way that will actually stick, you are not going to want to miss this episode! Make sure to tune in. Show notes available at http://amywine.com/episode79 Resources Mentioned: Check out Gravy Stack: amywine.com/gravystack Get a copy of Value Creation Kid: https://www.amazon.com/Value-Creation-Kid-Struggles-Children/dp/1636801463/ref=sr_1_1?crid=3EABX31A7B7X2&keywords=value+creation+kid+book&qid=1688382794&sprefix=value+creation+ki%2Caps%2C145&sr=8-1 Listen to the Smart Money Parenting podcast: https://www.smartmoneyparenting.com/ Follow Scott on Instagram: https://www.instagram.com/imScottDonnell/ Follow Scott on TikTok: https://www.tiktok.com/@imScottDoAwaken: A Journey to Finding You waitlist (awakenmejourney.com) Ready to uplevel your marriage? Visit app.thrivelifetv.com and become a member of Thrive Life TV. Let’s bring the joy, the love, and yes, the fun back into your marriage.