Isn’t That Rich with MyFSB

The TLDR on Balance Transfers | Episode 23

If you’re trying to dig out of high-rate credit card debt, you might be considering a balance transfer. Because, let’s face it, why would you continue paying high interest when you can take advantage of that 0% introductory rate credit card promotion you heard about on the radio?
 
But before you go and do something crazy, like open another credit card, let’s get clear on a few implications that come along with transferring your debt from one account to another.  
 
Today we are giving you the TLDR on balance transfers: what they are, why you might consider one, and whether it’s the right move for you.

A better, faster personal loan option with Quilo | Episode 22

It’s a beautiful but sweltering hot Saturday afternoon in July. You’re just getting in from a wonderful day on the lake with your family who is staying with you from out of town. You open the door to find some relief from your air conditioned home when you find your a/c unit has gone KerPlunk. You call your favorite heating and cooling company, who gives you the not-so-great news that your a/c needs to be replaced. The good news is they have a unit is stock and would be happy to install it. The bad news is it’s going to cost you a lot of cash you just don’t have on hand.
 
What do you do? You need cash fast but don’t want to go through the drawn out loan application process and the thought of putting a purchase this large on your credit card with its current high interest rate gives you a stomach ulcer. 
 
Today we are talking about a new option for a personal loan called a Quilo Loan that might be your saving grace if you ever find yourself in a situation similar to this. Not only is it a fast and easy application process, but it allows you to pick your interest rate and payment schedule that fits your lifestyle. Let’s dive in to how a Quilo loan could help you!

Understanding your Auto Coverage with FSB Insurance | Episode 21

When was the last time you took the time comb through your auto insurance coverage? If it’s been a few years, don’t worry you’re not alone, but chances are you’re either over or under insured since you originally signed up for your policy.
Today we sat down with the lovely Larra Lipe of FSB Insurance to discuss the wonderful world of Auto Insurance Coverage. Larra is an insurance agent with FSB Insurance and specializes in personal lines such as Home and Auto Insurance. But Larra’s passion in the insurance world lies in educating people on their insurance policy including exactly what is covered in their policy, what they are paying for, and why their policy is set up the way it is. 
Larra gives us so many inside tips when it comes to what to look for in an auto policy and we can’t wait for you to hear what she has to share with us.

Building a Home from the Ground Up | Episode 20

Our host, Ashley McVicker, has some pretty big news to share with our listeners this week. She is in the preliminary stages of building her very first home! Although this is a very exciting time in her life, she has quickly realized there is more to building a home than meets the eye. On today’s episode Ashley shares her experience of what the home building process looks like BEFORE breaking ground. We can’t wait to take you along for the ride as Ashley walks us through each phase in her home building journey. As she progresses, she’ll spare no detail with every bump she encounters along the way. Our hope is that by giving you this behind the scenes look, you’ll feel more informed if you’re considering building a home yourself.

High Interest Checking & Saving with Kasasa | Episode 19

Gone are the good ole days of high interest checking and savings accounts – or at least that’s we’re hearing from our grandparents! The good news is Farmers State Bank has found a way to continue providing our customers with rewards based checking and savings accounts that pay you to keep your money in the bank and in the way you want to be paid! If you’re looking for a high interest checking account, we’ve got you covered. Do you prefer to get cash-back on your purchases? We’ve got an account for you. Maybe you’re a big spender on Amazon, the Apple Store, or Google Play, and want your rewards to go straight toward your purchases, we can make that happen!
 
In this episode we talk about how you can get the most bang for your buck when considering opening a checking account with FSB. And if you’re wondering what’s the catch, we’ll go over exactly what you need to do to ensure you receive your rewards EVERY month. You’ll walk away asking all your friends and family one simple question, Do you Kasasa?!
 To view all the accounts we talked about on today’s episode, visit the website below.
https://www.myfsb.com/personal/personal-checking/compare-accounts.html

A Bank Owner’s Story of How God Doesn’t Make Mistakes with Tom Franks | Episode 18

It’s not often you get to hear the story of how someone purchases and builds a community bank. Today we consider ourselves lucky to be able to sit down with the owner and Chairman of the Board at Farmers State Bank, Tom Franks, as he walks us through his journey from coal miner, to bank owner, and everything in between. You’ll get to hear the inside story of what inspired him to become a banker in the first place, and trust us it isn’t what you’d expect! From being turned down by several banks as a young entrepreneur, to buying out a bank and growing it 100 fold, we can’t wait for you to hear his first-hand experience of how God never makes mistakes!

Getting Started With A Financial Advisor with John Forbes | Episode 17

Think Financial Advisors are just for the rich? Think again! This week we are sitting down with John Forbes of Forbes Financial Group to talk about why you might actually need a financial advisor. We ask him the tough questions like what the heck does a financial advisor do, what are some of the costs associated with hiring a FA, and when the best time to start working with one is. We decided to ask John on our podcast to talk about Financial Advice because his philosophy aligned with what we believe at Farmers State Bank, which is to get to know our customers so we can help them achieve their goals and dreams. One thing he stressed on this episode was that a great financial advisor won’t try to sell you anything or throw out solutions, but rather strives to know the real you and develop investing strategies aimed at accomplishing those specific objectives. We love that John cares more about the person than pushing a product and we are excited to share his advice with you on today’s episode. Contact John at: (618) 529-1940 john.forbes@forbesfinancialonline.com

A Mortgage Market Update with John Streuter | Episode 16

It isn’t new news that the mortgage and residential real estate market has been all over the place over the past few years. We’ve gone from seeing some of the lowest interest rates in history just a few years ago, to the highest rates some of us have seen in our lifetime! So what in the world is going on in the mortgage industry today?
In this episode, we sit down with Farmers State Bank’s Executive Vice President and Chief Mortgage Officer, John Streuter, for a mortgage market update. We’re asking him all the questions you are dying to know about today’s mortgage climate such as: Should we be afraid to get a mortgage in 2023? How are rising interest rates affecting the mortgage business? Will rates continue to rise again this year? What about this new unfair mortgage tax on people with good credit I keep hearing about?
We learned so much from our conversation with John and we can’t wait for you to hear all he has to say about the mortgage industry.
To get in touch with John with questions about a mortgage, you can reach out to him by email or by phone at jstreuter@myfsb.com or (618) 998-1188.

The Benefits of Separating Personal & Business Accounts | Episode 15

We see this scenario play out every day at the bank. Small business owners walk through our doors with hopes of growing their business. Whether they’ve outgrown their current operation and are in need of a loan to expand into a new location, or need financing to purchase new equipment, most often these small business owners don’t have their financials buttoned up. And for good reason! Maybe they started their business as a side hustle and never thought it would become an actual business. Or perhaps they just never took the time to make things legitimate because they just wanted to get paid a little extra cash under the table. Whatever the reason, the problem with not separating your personal finances from your business finances is that it can get you in big trouble down the road. Today we are talking about the 5 reasons why you should separate your business accounts from your personal accounts. You’ll walk away wondering why it took you so long to do so in the first place! To see Farmers State Banks Business Account options: https://www.myfsb.com/business/business-checking

How Company Culture Is The Secret To Profitability with Roxanne Emmerich | Episode 14

Is your small business as profitable as you dreamt it would be when you opened it? Is it growing at the rate you hoped it would? If not, chances are it has something to do with how much attention you’re giving your company culture. There are hundreds of studies that show company culture is not only the leading predictor of profitability, but it’s also the leading predictor of future growth. So, be honest, how would you rate your companies’ culture? A few years ago, after realizing how drastically company culture can affect our bottom line, Farmers State Bank enrolled in a company culture transformation with The Emmerich Group in a last-ditch effort to become a profitable community bank once again. We are honored today to sit down with the person who helped us lead that transformation, Roxanne Emmerich! Sales and Marketing Management magazine named her one of the TOP TWELVE most requested speakers in America for her unparalleled ability to transform lackluster workplace cultures into high performing “let’s rock this job” cultures. Roxanne is a New York Times bestselling author of Thank God It’s Monday! How to Create a Workplace You and Your Customers Love and a three-time Entrepreneur of the Year award winner. She is a member of the Speakers Hall of Fame and has received the Nido Qubein Philanthropist of the Year award for her work funding over 30 schools in Africa. Roxanne has advised the senior executives of some of the most respected businesses in the world and has founded and is chair of the Institute for Extraordinary Banking. She has spoken to more than 3000 audiences, including Coca-Cola, Prudential, Blue Cross Blue Shield, Lockheed Martin, and Merck and we are excited to have the privilege of having her as our guest this week. Link to the Thank God It’s Monday! How to Create a Workplace You and Your Customers Love Book: https://emmerichfinancial.com/bookstore/