Isn’t That Rich with MyFSB

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

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!

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.

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.

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.

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.

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.

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!

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.

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.