Isn’t That Rich with MyFSB

Locked and Loaded: The Power of CDs with Kelly Green | Episode 37

Looking to make your money work harder for you than your average savings account? Then join us this week as our guest, Kelly Green, helps us unravel the complex world of Certificate Deposits (CDs). CDs are like the responsible cousin of your piggy bank, offering higher interest rates in exchange for locking your money away for a set period of time. But don't worry; we'll show you how to make the most of these financial fortresses, we’ll even reveal how to use CDs for exciting short-to-mid-term goals.

Building a Home from the Ground Up Part 2 | Episode 36

On part one of our "Building a Home from the Ground Up" episode, Ashley had just finished up the beginning processes of building her first home. She has officially broken ground and closed on her construction loan! On this episode, we sit down with Polianna Benedict, Ashley's lender and FSB construction loan expert to discuss how to get your construction loan started, how it works, and how important it is to have a relationship with your lender. There's a lot to consider when building a home, especially the financial aspect, so consider this your step-by-step guide for a smooth construction loan process! https://www.myfsb.com/_/kcms-doc/1525/81116/Construction-Guidelines.pdf https://www.myfsb.com/pbenedict

From Concept to Spectacle: The Art of Crafting Impactful Events | Episode 35

On September 14th, Farmers State Bank put on an event called the Legacy Sessions where we provided our community with valuable insight on how to leave a lasting legacy for generations to come. As a marketing team we’ve thrown some pretty great events and some not so great events, but this one will go down in Farmers State Bank history. But what made this event so remarkable?
In this week’s episode Jill, Jared, and Ashley walk you through our event-planning process and share our secret to what makes an impactful event. We’re giving you the tools to create your own event vision and goals, as well as the timeline we follow to make sure nothing slips between the cracks leading up to the event.

Setting Your Kids up Financially for Adulthood with John Forbes | Episode 34

Is it really possible to set my kids up to be rich by the time they are adults? That’s the question we are asking on this week’s episode. There are 2 different topics we’ve been hearing about lately that we’d like to talk about today. The first is the 529 College Savings Plan and its new changes, and the other is paying your kids as an employee while they are young. There has been a lot of chatter on TikTok and other social media channels implying that by utilizing these two investing approaches, you can help give your child a head start to building wealth at a young age. To find the answer we brought in our favorite local financial advisor, John Forbes, to learn if there truly is a way to set your kids up to be wealthy by the time they turn 18. Tune in to hear what he has to say about these two investing strategies.

Health Insurance: What To Do when Life happens | Episode 33

There is no hiding from the fact that we all need health insurance! Whether we are young or old, rich or poor, a single person or have a family, healthy or sick, we all need it. But there are times in our lives where a special circumstance might occur, and you lose your insurance. Maybe you lost your job, you’re between jobs, or are finally getting kicked off your parents' plan, however you find yourself uninsured you need to know the steps to take to protect yourself.
Today our guest, Angie Cummins with FSB Insurance, will be on to answer all our questions on what to do about health insurance when life happens.

A Month of Tracking our Spending with Ashley & Jill | Episode 32

On episode 32 of the Isn’t that Rich Podcast we talked about the financial “B” word, otherwise known as budgeting, and one thing we realized was neither one of us knew exactly where our money went each month. In order for us to set up a budget we could stick to, we had to do the leg work ourselves to figure out how much we were spending and whether or not our purchases aligned with our values. So we challenged each other to a month long of tracking our spending!
This week we talk through all the purchases we made in a month’s time, no matter how embarrassing they were to admit! Needless to say this exercise was extremely enlightening and we discovered some major spending habits we weren’t aware of before taking this challenge. We hope this episode encourages you to take your own spending tracker challenge so you can see first-hand how easy it is to get off track when you don’t pay attention to where your money really goes.

Prevent Check Fraud with Positive Pay | Episode 31

Today, we are once again talking about one of our favorite topics of conversation: Fraud! And fraud itself is not our favorite topic. Honestly, we wish it didn’t exist. But rather, we love sharing real stories of fraud happening in our area so, as listeners, you know what to look out for to prevent it from happening to you.  
 
The specific kind of fraud we talk about today is known as Check Fraud. Although check usage isn’t what it used to be thanks to new banking technologies, fraud continues to threaten businesses and banks. But the good news is there are ways you can ensure your account remains protected. Today we are talking with guest, Taylor Shanks, about the newest way Farmers State Bank helps companies prevent check fraud with a new product called Positive Pay.

The Financial “B” Word: Budgeting | Episode 30

Today we are talking about the financial “B” word: Budgeting! If we are completely honest, most people hate the concept of budgeting, and for good reason! When people sit down and plan their budget, it starts with good intentions.  
They want to save more money, get control over their spending, and plan for their future. But the truth is setting a strict budget can actually set you up for failure.
Because budgets feel so restrictive, they often don’t work! Although we don’t believe in strict budgeting, we do believe that understanding how much money you earn and how much you spend every month is really important to achieving financial security. Today we are going to talk about some guidelines you can follow to help you make sure you’re spending and saving in a way that works for you that isn’t oppressive or overly prescriptive.  
Plus, join Jill and Ashley as we track our spending for the next 4 weeks to figure out whether or not our spending is aligned to our money goals!

The College Planning Timeline for Students | Episode 29

It’s back-to-school season, parents! And if you have a high school senior in your household, than this episode is for you. Senior year can be stressful! Not only is your student working hard to graduate on time, but they have the added pressure of completing their college applications so they can be accepted to the school of their dreams.
We all know how exhausting (and expensive) the college application process can be and it seems impossible to keep track of all the deadlines and important dates throughout the year. In this episode, we will walk you through everything your student needs to do to stay on track during their senior year of high school.
Click the link below for our College Planning Timeline for Students and the Student Budgeting Worksheet:
https://www.myfsb.com/loans/personal-loans/student-loans.html

Foreclosure: Bargain or Bust? With Guest John Streuter | Episode 28

You’ve seen it on the HGTV shows a million times. A crummy house on the corner goes up for auction and the gorgeous realtor couple puts in an all-cash offer and completely renovates the house in 30 minutes including commercials. This is what most people think of when they hear about the foreclosure process but there is far more to it than “Sold to the person in the back!”. Biding on a foreclosed property can be one of the riskiest investments in the real estate world and it’s hard to know exactly what you’re getting in to before the county clerk strikes the gavel! In this episode, you will learn why properties go into foreclosure, how the bidding process works, and if a foreclosed property is a bargain or a bust. Thank you to our Chief Mortgage Officer, John Streuter, for answering all our foreclosure questions!