#44: Scott Donnell

The BetterLife Podcast: Wealth | Real Estate Investing | Life

Scott Donnell is a financial literacy expert and serial entrepreneur who has helped more than 6 million families learn how to earn, spend, save and invest.

In this episode, Scott shares the exact steps you can take to instill healthy, wealthy money habits in your kids and family.

He also talks about:
- Why Gen Z is pessimistic about their economic future and skeptical about investing
- The dangers of “first-generation wealth”
- How he gets his kids to clean up after themselves and help out around the house
- The “quarter system” he uses to reward and discipline his kids without anyone losing their cool
- Leaving your kids “heritage, not inheritance”
- His thoughts on Dave Ramsey and Grant Cardone
- How he founded, bootstrapped and sold a fast-growing school fundraising company
- What kids learn by participating in business fares
- How the GravyStack system replaces chores with paid “gigs” and puts them in charge of expenses
- His religious faith and how it’s intertwined with family
- A hack for keeping rebellious teenagers out of trouble

Books mentioned:
- Value Creation Kid: The Healthy Struggles Your Children Need to Succeed by Scott Donnell
- Habits of the Household: Practicing the Story of God in Everyday Family Rhythms by Justin Whitmel Earley
- Tiny Habits by BJ Fogg
- The Road Less Stupid
- Rich Dad, Poor Dad

Connect with Scott:
- Instagram
- TikTok
- GravyStack (Use code DINNER30 when you download the app for 30 days free)

Scott’s Charitable Cause:

Gravystack's giving fund providing scholarships for inner-city kids who can't afford the membership.