In this episode of the Dollar Wise Podcast, host Jason Gabrieli is joined by Chad Willardson, president and founder of Pacific Capital, bestselling author, and co-founder of GravyStack. Chad shares his journey of teaching financial literacy to children, inspired by his experiences as a father of five. He discusses the development of GravyStack, an innovative app designed to help kids learn about money through practical activities, and the importance of financial education at a young age. Chad also delves into the philosophy behind his book "Smart Not Spoiled," offering practical advice for parents on raising financially responsible children.Tune into this episode to also learn:* The inspiration and development behind the GravyStack app * Practical steps for parents to teach their kids about money * The importance of creating a family mission statement and financial values

What we discussed* [00:02:27] Financial education and entrepreneurship for kids * [00:04:29] Teaching kids about money at home vs. school * [00:06:03] Practical tips: No allowance, earning through chores * [00:09:11] Integrating GravyStack methodologies into family life * [00:11:07] Starting financial education early * [00:12:01] Long-term vision for GravyStack and financial literacy impact * [00:14:13] Practical steps for parents to get started

3 Things To Remember1. Kids learn about money through observation and practical experience. 2. Stop giving allowances; instead, offer opportunities to earn. 3. Create a family mission statement and discuss financial values regularly.

Useful Links

Connect with Jason Gabrieli: LinkedIn

Connect with Chad Willardson: LinkedIn

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