Isn’t That Rich with MyFSB

The Collaborative Advantage: Marketing Moves For Economic Empowerment with Alex Mullins | Episode 43

In this episode, we dive into the world of collaborative strategies that drive economic growth in a small town. Joining us is Marketing Manager for Arthur Agency, Alex Mullins, whose expertise in marketing has led to unique approaches in fostering collaboration for economic growth. Together, we explore the power of strategic partnerships, community engagement, and shared initiatives that not only benefit businesses but also contribute to the broader goal of economic and social empowerment. Alex shares real-world examples, and the latest marketing moves that can transform economic landscapes. This episode is a must-listen for anyone passionate about making a positive impact on their region. We had a blast recording with our new friend, Alex Mullins! She is the Marketing Manager at Arthur Agency and has a big heart for Southern Illinois and small business development. As a transplant to Southern Illinois and originally from Chicago, Alex has a unique perspective on living and working in this region. She loves working with and marketing for businesses, both small and large, to create a brighter and more successful future. She tributes her love for Southern Illinois to her husband and his job in SIU Athletics for bringing them to the region.

Gold Mine or Money Pit: Rural Area Short Term Rentals | Episode 42

It's no secret that vacation rentals, such as Airbnb, are a hot topic when it comes to passive income and investing. It may seem easy and lucrative, especially when we watch TikToks featuring individuals who've just purchased ten houses in a different state with no money down and have already turned a profit. However, buying property is always a significant investment and carries inherent risks, regardless of your location. Our very own Jill Franks ventured into the Southern Illinois Airbnb community a few years ago. On this episode, we get to have a conversation about the reality of owning a vacation rental in a rural area, along with all the pros and cons that accompany such an endeavor.

Insuring Your Legacy: Why Life Insurance Matters | Episode 41

Have you ever wondered what happens to your loved ones financially when you’re no longer around? Maybe you’re the primary income for your family and they depend on your income to make ends meet and you want to ensure you are able to do so should something happen to you. 
 
In this episode, we’re joined by Eric Witges, COO of FSB Insurance, to explore the vital role of life insurance. Join us as we dive into these questions and more, shedding light on the significance of life insurance in safeguarding your family’s financial future.
 
www.myfsbinsurance.com

The Financial Side of Farewells: Saving Grace in Funeral Planning | Episode 40

Tomorrow is Halloween, and we're about to delve into a topic that might seem eerie at first, but is incredibly important. While most people associate Halloween with costumes and candy, we're taking a different approach today, shedding light on a topic that often lurks in the shadows - funeral planning. As we explore this often overlooked aspect of personal finance, we'll reveal how meticulous planning can not only alleviate the emotional burden on your loved ones but also save you and your family from unnecessary financial distress during a time of grief. Today’s guest, Joni Binkley-Ross, is no stranger to having those important end-of-life conversations. In fact, as owner and funeral director of Binkley Ross Funeral Home, she is an expert on the topic. On today’s episode, Joni unravels the intricacies of funeral planning by discussing the various costs involved, strategies for budgeting, and the importance of having a well-structured financial plan in place. So, grab your favorite pumpkin-spiced beverage, find a cozy spot, and prepare to embark on a journey that will shed light on the power of foresight when it comes to your final farewell.

Elevating Customer Service in Four Simple Steps | Episode 39

Every time a customer comes in contact with your business or organization, they have a moment where they decide they either like you more, or less, it is never neutral. This means that having great customer service is one of the most important things to focus on in your business. In this week’s episode we discuss four simple and actionable steps you can implement today to enhance your customer service experience.

Strategic Planning for Small Businesses: Big Impact on Success | Episode 38

We are well into the 4th quarter of 2023, which means we are already thinking ahead to 2024. Some may think it’s a little early to start planning for the new year but in the dynamic landscape of entrepreneurship, a well-crafted strategy can be the compass that guides you toward success. If you’ve never taken the time to create a strategic plan for your business, what better time than now to get started? This week our CEO, Charlie Holland, returns to the Isn’t That Rich Podcast to share Farmers State Bank’s steps to strategic planning. Whether you're a startup founder looking to chart your course or a seasoned business owner aiming to pivot and grow, this podcast will equip you with the tools and knowledge to formulate, execute, and adapt your business strategies effectively. So pour yourself a cup of coffee and get ready to strategize for a successful 2024 with us!

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.