In this episode of the Smart Money Parenting Show, hosts Chad Willardson and Scott Donnell delve into the topic of 'money trauma,' a form of childhood trauma that often goes undiscussed. They examine how attitudes and behavior around money during childhood can significantly shape people's financial behaviors in adulthood. The pair warns that without addressing and healing from this trauma, people may continue to perpetuate harmful financial habits, possibly passing them down to the next generation. They also stress the need to see money as a tool rather than a status symbol or a measure of self-worth. The hosts encourage listeners to reflect on their own 'money trauma', to discuss it with their children and to endeavor to lead by a better example financially.

00:00  Introduction to Money Trauma

01:36  Understanding the Impact of Money Trauma

02:30  The Relationship with Money

03:11  The Consequences of Money Trauma

03:33  Examples of Money Trauma

07:41  The Influence of Parents' Money Habits

09:41  The Importance of Addressing Money Trauma

09:56  How to Become a Smart Money Parent

13:00  Conclusion and Call to Action

Additional Links

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Chad’s Best Seller Book: 

⁠⁠⁠Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest⁠⁠⁠ 

Scott’s Best Seller Book

⁠⁠⁠Value Creation Kid: The Healthy Struggles Your Children Need to Succeed⁠⁠⁠ 

Socials

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