#11 LGR Kid Goal Setting

24/09/2024 27 min Temporada 1 Episodio 11
#11 LGR Kid Goal Setting

Listen "#11 LGR Kid Goal Setting"

Episode Synopsis

In this episode of Let's Get Rich, we're excited to kick things off with a special shout-out to Avery and Isla, our youngest fans!In this episode, Shawn and Hillary Walsh share their proven strategies for teaching children about goal-setting, earning, and developing a success mindset. As successful immigration law firm owners, they explain how the same principles that build thriving practices can shape successful children, creating a legacy that goes beyond business success.Key Moments: 00:00 - Introduction and special dedication to young listeners 02:56 - Explaining the difference between rights and privileges 15:20 - Real examples of children setting and achieving financial goals 20:40 - Teaching valuable life skills through work opportunities 26:15 - Balancing privilege with responsibilityKey Takeaways:Children should earn everything beyond basic necessitiesPay children fair market rates for valuable workHelp children identify and pursue their own goals, not parent-projected desiresCreate clear pathways between goals and daily actionsBalance household help with teaching essential life skillsAction Steps:Define clear rights vs. privileges in your householdCreate a fair payment system for household tasksHelp children set specific, achievable goalsBreak down large goals into daily actionable stepsTeach financial management through real experiencesCreate opportunities for children to earn and learnParenting Framework: Rights (Guaranteed):Love and affectionBasic food and shelterClothingSafe environmentPrivileges (Earned):Special mealsEntertainmentToys and gadgetsExtra activitiesNotable Quotes: "Personal development precedes everything else, including how we parent." - Hillary Walsh "You can't buy your way into having butterfly muscles - you have to do the work." - Shawn Walsh "Help them identify what their goal really is because they might think the goal is one thing, and when you unravel it with them, it becomes something else." - Hillary WalshResources Mentioned:Think and Grow Rich (book reference)The 21 Irrefutable Laws of LeadershipGoal-setting worksheets (mentioned indirectly)Vision quest exercisesBusiness Integration Tips:Apply business goal-setting principles to family lifeUse work opportunities to teach valuable skillsBalance automation/delegation with learning opportunitiesCreate systems for earning and achievementFollow us on social: Hillary & ShawnLearn more about New Frontier University here.Thanks for listening, and please subscribe and share because you care!Keywords: law firm owner parenting, attorney work life balance, lawyer family success, immigration lawyer legacy planning, law practice family integration, attorney parenting tips, law firm succession planning, legal practice family values, immigration attorney leadership, law firm family culture