Isn’t That Rich with MyFSB

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!

Phishing For Trouble: Exposing Digital Scams | Episode 27

Fraud is something that we take very seriously at the bank and one thing we continue to learn is that fraud isn’t the same scam over and over again. As technology evolves, fraudsters take advantage of ways to trick people into giving them sensitive information they can sell or use for their own evil purposes like stealing your money. Fraudsters are very smart and are unfortunately better at using technology for bad rather than good. During today’s podcast, we are going to be sharing 5 of our favorite fraud stories and ways to protect yourself against fraud.

Navigating the Journey of Estate Planning with Evan Taylor | Episode 26

Estate planning is only for the wealthy, right? Actually, that couldn’t be further from the truth! In this episode, we bring on Evan Taylor, JD, to show us that estate planning is not solely reserved for the wealthy; rather, it is an essential endeavor for everyone. Evan highlights the importance of protecting assets, outlining the significance of estate planning for families, business owners, and individuals seeking to secure their legacy and well-being of their loved ones. This episode should empower listeners with the knowledge and tools necessary to embark on their own estate planning journey, regardless of their financial circumstances.
Evan Taylor concentrates in the areas of complex estate planning, probate and guardianship estates, business law, personal injury, and real estate law.  When Evan is not working, he enjoys spending time with his wife and two daughters, working in his woodshop, and volunteering in a variety of activities as a member of his church.

Succession Planning with guest Adam Lawler | Episode 25

One of the most important things we do with our business customers at Farmers State Bank is build a relationship with them and find out all about the needs of their business. And one of the needs we most often hear about is they are getting to the age where they want to retire but they don’t have anyone ready to take over their business. When we reached out to our guest for this episode, we knew he would be the right person to help find our business customers some answers to the questions they had about succession planning. Adam Lawler is the founder of Lawler Brown Law Firm. He is a 2004 graduate of Saint Louis University School of Law. Adam worked for a local firm until founding Lawler Brown in 2009. Adam’s practice areas focus in Personal Injury, Business, Real Estate, Probate/Trust/Estate Administration and general litigation. We can’t wait for you to hear all the secrets to succession planning in today’s episode.

The Truth About Co-Signing a Loan | Episode 24

Are you thinking about becoming a co-signer on a loan for someone? It’s not a rare thing to be asked to co-sign a loan for family members and even friends. However, most people do not understand the full meaning of becoming a co-signer or the responsibilities that come with it. No matter how well you think you know someone, mixing money and relationships can get complicated. Becoming a cosigner can actually turn into a big financial mistake if you do it without really thinking it through. We’ve heard horror stories from customers who’ve had their credit wrecked, have been stuck paying a loan for someone else, and even had their relationships ruined. All of that from cosigning a loan! On today’s episode, we reveal the truth about co-signing a loan and all the things you need to consider before making that commitment.