Welcome back to Now to Next!
On the latest installment of the show, we're excited to be joined by Chad Willardson, Author and Founder of Pacific Capital, for a deep dive into his latest book "Smart Not Spoiled," as well as the valuable financial skills we should be teaching our children.
If you're a parent and you're wondering how these financial conversations will play out with your young (or future) children, look no further!
0:06 - Welcome to the show and introduction on Chad Willardson
2:20 - Chad's upbringing and early perception of money
6:22 - Jack Canfield's flying analogy
7:40 - "Once I hit a certain number, everything will be fine"
8:50 - Spreading wealth and money decisions across multiple children
12:47 - Where to begin your financial discussions with your children
15:26 - "Borrow wisely"
17:49 - A portion of every paycheck should be saved and invested for your future
22:03 - Find a wealth strategy that helps you sleep better at night
27:36 - Expect your children to screw up financially a few times
33:00 - Chad's experience with an NBA player and his 7-figure rookie deal
37:10 - "Protect who and what you care about"
41:42 - "I can't until..."
44:25 - You don't invest unless you have a faith in a brighter future
46:20 - Closing remarks