April is Financial Literacy Month, the perfect time to teach the next generation how to save, budget, and build a solid financial foundation for the future. Telemus recently volunteered with Junior Achievement in Detroit and Chicago, helping students learn how to make real-life financial decisions based on a budget they were given. The team helped guide financial conversations and decision-making, teaching important financial lessons along the way.
"I think what surprised [the students] is how much certain things cost. I don't think they really realized," said Josh Levine, Telemus Partner and Senior Financial Life Advisor. "The most important financial lesson I hope the kids learned was living within your means."
According to a recent study by the National Financial Educators Council, a lack of financial literacy training cost Americans an average of $1,819 in 2022 - and 15% of Americans said it cost them $10,000 or more. Working with young people to teach financial literacy and life skills is rewarding and helps enrich our community.
PAST PERFORMANCE IS NOT A GUARANTEE OF FUTURE RESULTS. Investment decisions should always be made based on the client's specific financial needs, goals and objectives, time horizon and risk tolerance. Current and future portfolio holdings are subject to risk. Risks may include interest-rate risk, market risk, inflation risk, deflation risk, currency risk, reinvestment risk, business risk, liquidity risk, financial risk, and cybersecurity risk. These risks are more fully described in Telemus Capital's Firm Brochure (Part 2A of Form ADV), which is available upon request. Telemus Capital does not guarantee the results of any investments. Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, and may lose value.