30 min listen
Don't Work For Money - Make Your Money Work For You
Don't Work For Money - Make Your Money Work For You
ratings:
Length:
17 minutes
Released:
Oct 4, 2023
Format:
Podcast episode
Description
In this episode of Smart Money Parenting, Scott and Chad discuss the importance of having your money work for you rather than working for your money. They emphasize the distinction between assets and liabilities, with assets being defined as something that generates income. They provide insights on how to escape the job trap and share practical tips for getting your money to work for you. Tune in to learn how to raise amazing kids while achieving financial freedom. The difference between assets and liabilities. Assets are defined as things that pay you money, while liabilities are things that cost you money. Focus on buying and investing in assets. Financial freedom is achieved by having your money work for you Teach children about setting goals to accumulate assets for financial security. Mentioned in this episode gravystack.com/smart gravystack.com/igniter smartmoneyparenting.com smartmoneyparenting.com/followus Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest by Chad Willardson Value Creation Kid: The Healthy Struggles Your Children Need to Succeed by Scott Donnell and Lee Benson 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
Released:
Oct 4, 2023
Format:
Podcast episode
Titles in the series (93)
What Kids Need to Know About Loans and Debts: Is debt good or bad? In today's episode, hosts Chad Willardson and Scott Donnell discuss loans and why parents must teach their kids about debt. They share some practical tips for teaching kids about debt in a way that highlights its negative impacts... by Smart Money Parenting