Home Economy System – Episode 524 

The hosts, Spencer Shaw and Kim Butler, focus on the topic of the home economy system, which involves three important elements: Expectations, expenses, and extra money for gigs. This concept applies to households of varying sizes and configurations. They attribute the basis of this concept to the book written by Scott Donnell and Lee Benson, Value Creation Kids, as it is a practical guide to personal finance from a principle-based viewpoint. 

Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.

Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Thinkers thinking and strategies today!

Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.

Links and Resources from this Episode

Show Notes

  • The concepts in “Value Creation Kids”
  • The idea of the home economy
  • Three E’s of the home economy system
  • Importance of clear communication in ensuring everyone’s expectations
  • The need for kids to contribute and feel heard as a significant part of setting expectations
  • Application of these principles to adult children who still live at home
  • Establishing an expectation of prosperity thinking at home
  • Sharing an example about one particular experience with money management and how it plays a part in maturity and personal growth

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