AOA 057: Money Smarts in the Metaverse – Featuring Brett Wooden

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“Financial education is the best entry point [into the metaverse] because you already have a huge generation that’s in it.”

— Brett Wooden

Just what is the metaverse? And how can parents and financial institutions take advantage of it?

Brett Wooden joins The Art of Allowance Podcast to answer these all-important questions from the digital realm. Brett is currently the SVP of Innovation at FTSI and was previously the Chief Operations Officer at a credit union in the northwest. He was named the Northwest Credit Union Association’s Young Credit Union Professional of the Year in 2011, Credit Union Times’ 40 and Under Trailblazer and Credit Union Magazine’s 2020 Rock Star. Brett thrives on helping others embrace and utilize new business strategies in today’s changing world.

The driving force behind his organization’s app development, advancement, digital and market penetration, Brett brings concepts to life by building and advancing software solutions. And while serving in multiple leadership roles at credit unions across the US, he has set a national trend for using mobile applications and digital technology to advance financial institutions.

Links (From the Show)

Show Notes (Find what’s most interesting to you!)

  • A bit about Brett [1:55]
  • What the metaverse means to us today [3:39]
  • What should we be excited about in terms of the metaverse? [6:29]
  • The “future shock” happening right now [9:02]
  • Promise and peril: adapting and coping in terms of metaverse finances [11:16]
  • How financial institutions can leverage the metaverse [16:34]
  • Financial education for kids in the metaverse [23:29]
  • No matter how you feel about “influencers,” they are a powerful force. [25:25]
  • Should we be worried about TikTok? [27:49]
  • “Living in life events”: credit unions’ biggest opportunities [31:08]
  • How Brett embraces tech to teach his kids about money [33:35]
  • The relationship between money empowerment and decision-making [38:25]
  • Vacations as investments [38:54]
  • The importance of life experiences [39:21]
  • Taking it a day at a time [40:05]
  • Brett’s favorite book [40:54]
  • Getting social with Brett [41:53]
  • A Seattle Seahawks digression [42:36]
  • A final thought: starting a financial education conversation [44:04]

If you liked this episode …

Curious about the reality fairs that Brett and I mention? During her appearance on The Art of Allowance Podcast, Cornerstone Credit Union Foundation Executive Director Courtney Moran explains what these events are and why your kids should participate in them. Listen in at 27:49 for all the details.

Want to know more about the relationship among kids, tech, and money? In his podcast episode, child psychology researcher Chuck Kalish argues that videogames teach financial literacy better than books. Tune in a 1:13:24 for his reasoning.

Please Subscribe

If you like this podcast, then please give us a review and subscribe to the show. The Art of Allowance Podcast is available on iTunes, Spotify, Stitcher, Radio Public and now Amazon Music. Subscribing is free, and it will help me produce more enriching content for you to enjoy. Thanks!

You might also want to check out The Art of Allowance Project, our reimagined program to get your children excited about money smarts at any age. Until next time, I wish you and your family well as you journey forth.

Thanks for listening!

John