Ultimate Guide To Raising Financially Literate Kids | Scott Donnell

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’s development. We discuss the balance between stepping in to solve your kids' problems and letting them figure things out on their own. If your kids are unmotivated or seem uninterested, Scott shares how to get them back on track using effective strategies like value creation thinking and his family economy system.

We also get into brain development through "brain gigs," and why storytelling is a vital skill for both parents and kids. Scott explains the difference between heritage and inheritance, and how it’s the former that truly shapes a child’s future. He also gives practical tips on deciding how many kids to have, and why some people delay marriage.

Throughout the episode, we explore how Gen Z and Millennials differ, especially in terms of their outlook on the future. Scott highlights the impact of money trauma and how to make sure money holds its proper place in your family. We also touch on faith’s role in parenting and how to stay grounded even when you're successful.

We wrap up by talking about balancing wealth with strong parenting, valuing experiences over money, and the powerful role moms play in a family. Scott also emphasizes the importance of having the right people in your inner circle, and the value of simple traditions like family dinner time.

Connect with Scott:

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If you want to level up, text me at 725-527-7783!

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[bigtimbolim]

500 views in 7 hours, that is criminally low. There is so much value in this video, thank you.

[FetchTheGoodness]

Our most recent show being produced is about financial literacy for children (6-12 yrs). We make it fun and Biblical. This was sent to me by a friend who recognizes we are on the right track. Loved it. Thank you!

[yamitf]

I loved every part of it. I'm glad to say that I've been implementing so much of it for years now, not knowing how to explain why I do what I do, it just felt like the right thing to do. Now, it all makes sense, and I'm glad to say I'm proud of myself and will strive to add more generational core values. Thank you!

[benwilliams]

48:30 🔥“Parenting is hard in all the right ways”

[upthegunnerz]

To Ryan is there any podcasts that you havent already appeared on that you would like to in the future???

[legacyrydeshare]

When it comes to children and entitlement, sorry Charlie, the genie is out the bottle. We’re all doomed.😢

[precise-lee]

Pays kids “real world wages” but than pays $50 for trip planning?

[elijah]

Children.
Kids are baby Goats. As children of God we aren't raising goats.