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EachPod

Why We Refuse to Let Our Kids Trade Time for Money - The REAL Skills Your Teens Need

Author
Greg and Rachel Denning
Published
Wed 30 Jul 2025
Episode Link
https://podcasters.spotify.com/pod/show/extraordinary-family-life/episodes/Why-We-Refuse-to-Let-Our-Kids-Trade-Time-for-Money---The-REAL-Skills-Your-Teens-Need-e3688au

Are you pushing your kids to get a job because you think it will teach them hard work and responsibility?

You might want to rethink that strategy.

In this game-changing episode, we challenge the traditional mindset that getting a job is the best way to teach kids responsibility or financial sense. Instead, we lay out a powerful case for raising children to think like entrepreneurs, not employees.

We share how we've raised our own 7 children to develop grit, work ethic, and real-world resilience—without relying on traditional jobs or minimum wage work. From modeling hard things like summiting Mount Kilimanjaro to investing in books, mentorship, and business attempts, our goal is to teach ownership, not just obedience.

We also address how to create an extraordinary family life by building a home culture of learning, experimentation, and high standards for personal growth. Plus, we dive into why financial education and risk-taking matter more than ever—and how using debt wisely is a skill, not a sin.

If you're serious about raising independent, capable, and wealthy kids, this episode is packed with mindset shifts and tactical advice to get you there.

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Key Takeaways:

✅ Why "just getting a job" may not teach your kids what you think

✅ Why entrepreneurship builds true resilience

✅ How to model growth, risk-taking, and wealth-building

✅ How to raise teens who are capable, self-motivated, and unafraid to fail


Chapters:

00:00 The Journey of Parenting and Launching Kids

00:58 Transitioning to Adulthood: Responsibility and Growth

01:16 Teaching Kids About Work and Wealth

01:25 The Moral Obligation to Become Wealthy

02:56 Understanding Wealth: Mindset vs. Money

04:16 The Difference Between Being Broke and Being Poor

05:42 The Importance of Skills and Resourcefulness

05:54 Jobs vs. Entrepreneurship: A Paradigm Shift

06:56 Creating Value in the Marketplace

08:17 Long-Term Strategies for Success

09:09 The Habit of Making Yourself Valuable

14:15 Building Valuable Skills and Leadership

15:32 The Importance of Continuous Learning

18:37 Investing in Yourself and Others

19:25 Debating Financial Strategies: Dave Ramsey's Approach

21:12 Understanding Risk and Wealth Creation

24:14 Empowering Children to Protect Themselves

29:34 Strategies for Mindset and Skill Development


Memorable Quote:

🗣 "If you think chores teach hard work, you don’t know what hard work is."

🗣 "You don’t get paid when you’re building something that’s yours—and that’s the point."

🗣 "Debt is a tool. It’s like a chainsaw—dangerous if you don’t know how to use it, powerful if you do."

🗣 "Your kids won’t become entrepreneurs if you only show them how to be employees."

🗣 "Work for free now so you can have freedom later."


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