In this episode of Smart Money Parenting, Scott and Chad discuss overcoming insecurity and fostering confidence in children. They stress that true confidence doesn't come from external validation but from keeping commitments to oneself and creating value for others. They emphasize the importance of kids learning about money, being self-reliant, and taking on challenges. Chad shares personal anecdotes about his children to illustrate how confidence is boosted when they exhibit financial responsibility. Both hosts emphasize that confidence is critical for both personal and financial success, and parents can help instill this in their kids.
00:00 Introduction
00:21 Welcome to Smart Money Parenting
00:46 The Importance of Confidence in Kids
02:04 Building Inner Confidence vs Surface Layer Confidence
02:25 The Role of Commitment in Building Confidence
03:06 The Misconception of Confidence and Insecurity
04:46 The Power of Keeping Promises to Yourself
05:08 The Difference Between Insecurity and Confidence
05:42 The Contagious Nature of Confidence
08:30 The Role of Value Creation in Building Confidence
10:34 The Impact of Earning Money on Kids' Confidence
14:10 Conclusion: From Insecurity to Confidence
14:31 Closing Remarks and Thanks
Additional Links
Want to take your family and your finances to the next level? Schedule a call with Dinner Table today.
Chad’s Best Seller Book: Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest by Chad Willardson
Scott’s Best Seller Book: 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
