There's Only 3 Ways To Make Money
Smart Money Parenting - A podcast by by Gravy Stack
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Scott and Chad are back at it for 2024 and excited to bring you more great content. In this episode, they discuss the importance of teaching kids about financial independence at an early age. They identify three ways to make money: selling time, selling products, or investing capital. They emphasize the potential of the digital era that allows children and teenagers to learn anything for free and create passive streams of income. The idea is to motivate kids to think beyond the traditional hourly wages or salary jobs and explore creative ways of making money. In addition, the potential value of transformative approaches such as investing capital at a young age, drop shipping businesses or creating a tech product is highlighted. 00:00 Introduction 00:41 Welcome to Smart Money Parenting 01:32 The Three Ways to Make Money 02:40 Examples of Selling Time, Products, and Investing Capital 07:42 The Power of Compounding Interest 09:56 The Importance of Diversifying Income Streams 13:11 The Value of Results Over Time and Effort 15:46 Conclusion: Encouraging Kids to Think Outside the Box Additional Links Want to take your family and your finances to the next level? Schedule a call with Dinner Table today. https://scott.dinnertable.com/book Download the Gravy Stack App for FREE (iOS) https://apps.apple.com/us/app/gravystack-gamified-banking/id1635188175 Download the Gravy Stack App for FREE (Google Play) https://play.google.com/store/apps/details?id=com.gravystack.gravystack&hl=en_US&gl=US Chad’s Best Seller Book: Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest Scott’s Best Seller Book Value Creation Kid: The Healthy Struggles Your Children Need to Succeed Socials 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
