Giving While Living is Better Than Inheritance

What is the best way to pass on inheritance to your loved ones or the community? In today's episode, hosts Chad Willardson and Scott Donnell discuss the 7 ways giving while living can add fulfillment and joy to your life. Scott and Chad start the conversation by explaining why giving while living is better than an inheritance after you die. For Chad, giving while living is about sharing your wealth and knowledge while you're alive so you can see the impact your money has on people. Scott believes dying with lots of money in the bank doesn't help you achieve anything. Scott explains the benefits of sharing your wealth while you're alive - you don't want your heirs to wait impatiently for you to die. Chad shares a heartbreaking story of how a mother and son moved in for their loved one's money barely 12 hours after his death. According to Scott, the satisfaction you get from giving while living can extend your life expectancy and deepen your relationships with loved ones. Chad reveals why giving is not about giving your heirs what they want all the time - you risk spoiling them if you do. Chad explains why giving while living is more powerful than inheritance without education. Scott and Chad reveal the amount of money you would need to guarantee a stress-free retirement. Scott shares the most important money habit to teach your kids. Give authentically because your kids can tell when you're inauthentic. Scott talks about his grandfather's legacy and how he used his wealth to build a tight-knit family.     Mentioned in This Episode: gravystack.com/smart smartmoneyparenting.com Smart, Not Spoiled: The 7 Money Skills Kids Must Master Before Leaving the Nest by Chad Willardson Value Creation Kid: The Healthy Struggles Your Children Need to Succeed by Scott Donnell and Lee Benson Scott Donnell on LinkedIn - https://www.linkedin.com/in/donnell-scott Chad Willardson on LinkedIn - https://www.linkedin.com/in/chadwillardson Scott Donnell on Instagram - @imscottdonnell Chad Willardson on Instagram - @chad.willardson Scott Donnell on TikTok - @imscottdonnell