Episode 60: Raising Money-Smart Kids

Helping your kids build strong financial habits starts earlier than you think, and this week’s Wallet Wisdom episode shows you how to begin. Brett sits down with Byron, Market Leader at LMCU’s Downtown Detroit branch, to talk about how parents can start meaningful financial conversations with their kids and why those early discussions matter more than ever. From simple savings habits to long-term planning tools like 529 plans, Byron shares practical, real-life strategies families can use no matter where they’re starting financially. As he explains, building wealth doesn’t begin with big money, it begins with consistency and small steps over time. === The information provided in this podcast by Lake Michigan Credit Union is general education or marketing in nature and is not intended to be accounting, legal, tax, investment financial or other advice. Statements of individuals are their own and not LMCU’s. All topics discussed are information of a general nature and do not address the circumstances of any particular individual or entity. Consult an appropriate professional concerning your specific situation. As of the date of publishing or any future date this podcast is broadcast, all rates, fees, payments or other specific figures discussed are subject to change and are dependent upon your specific financial situation. All loan products discussed are subject to credit and collateral approval. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in the podcast before making any decisions based on such information or other content. In exchange for listening to the podcast you agree not to hold LMCU, its affiliates, or any third-party service providers liable for any possible claim for damages arising from any decisions you make based on information made available to you or other content made available to you through the podcast. For more information on any of the content discussed in this podcast please visit LMCU.org. Copyright Lake Michigan Credit Union. Federally insured NCUA. Equal Housing Lender NMLS ID # 442967