Isn’t That Rich with MyFSB: Recent Episodes
myfarmersstatebank
Isn’t That Rich Podcast with MyFSB is a finance and business podcast packed with all the tips and tools you need to simplify the confusing, yet everyday questions you have about money. Give your financial knowledge a facelift with hosts Ashley McVicker and Jill Franks as they reveal the best kept banking secrets your high school business teacher never taught you.
Ready to unlock the mystery behind refinancing your mortgage? Join us for an eye-opening conversation with FSB Loan Officer Taylor Abney, as she breaks down when the perfect time to refinance is, how the process works, and what you need to watch out for. From the benefits to the drawbacks, Taylor’s insider advice will help you make the right decision for your financial future. Whether you're considering refinancing for lower payments or just curious about how it all works, this episode will give you the knowledge you need. Don’t miss it! Tune in and find out if refinancing is the right move for you.
https://www.myfsb.com/about-us/isnt-that-rich-podcast/index.html
October is Cybersecurity Awareness Month, and we’re diving into the world of online safety with none other than Doug Williams, head of IT at Farmers State Bank. In this episode, Doug breaks down the latest cyber threats, from phishing scams to weak passwords, and shares practical tips that anyone can use to stay safe online. Whether you’re securing your personal accounts or protecting your business, this episode will give you the tools and simple, effective strategies. Don’t miss out on these expert insights that could save you from becoming the next cyber victim!
https://www.myfsb.com/about-us/isnt-that-rich-podcast/index.html
Today, we're tackling a hot topic on every investor's mind—how election cycles impact your portfolio. Should you pull your investments? Is it all about which party wins? And how do you make smart moves when the market feels unpredictable? We’ve got John Forbes from Forbes Financial joining us to break it all down and share practical strategies for navigating election-year volatility. Whether you’re a seasoned investor or just starting out, this episode is packed with insights you won’t want to miss!
AI is changing the game in personal finance, and in this episode, we’re covering 9 cutting-edge apps like Cleo, Acorns, and Betterment that are leading the charge. We’ll also discuss how community banks like Farmers State Bank are starting to harness the power of AI to deliver even better services. If you want to see how AI is shaping the future of money management, this episode has everything you need!https://www.myfsb.com/about-us/isnt-that-rich-podcast/index.html
In this special episode, we’re thrilled to sit down with Taylor Shanks, Customer Service Representative at Farmers State Bank, and one of the top three finalists for the prestigious Rising Star in Banking™ Award by The Institute for Extraordinary Banking™. Taylor’s innovative approach to customer service and her unwavering commitment to leadership in the banking industry have earned her recognition as one of the brightest young professionals in the field. Join us as we dive into her journey, the passion that drives her, and what it means to be part of a community bank that’s shaping the future of small businesses and local communities.
https://www.myfsb.com/about-us/isnt-that-rich-podcast/index.html
In this eye-opening episode, we dive into the shocking reality of check fraud in the U.S., where $3.8 million is stolen every single day. Are your finances at risk? From altered checks to sophisticated fraud schemes, criminals are finding new ways to target your hard-earned money. We’ll break down how check fraud happens, what you can do to protect yourself, and the latest tactics scammers are using to drain accounts across the country. Tune into learn how you can stay one step ahead and keep your savings secure. Don't miss out on these critical tips to safeguard your money!
Today, we’re diving into one of the hottest topics around—property taxes. Love them or hate them, they’re a reality for homeowners, and with the recent release of tax bills, it’s something many of us are thinking about. To help us understand what’s going on with those tax bills, we sat down with Ashley Gott, the Williamson County Treasurer.
Ashley, who has served as treasurer since 2019, brings a wealth of knowledge to the conversation. With over two decades of experience in banking and civic leadership, he’s the perfect person to help us break down property taxes—what they are, why we have them, and how they’re calculated. So, whether you’re a first-time homeowner or a seasoned property owner, we’ll help guide you through the complexities of your tax bill and give you practical tips to make sense of it all.
Childcare costs are one of the biggest financial hurdles families face today, often rivaling mortgage payments and other major expenses. In this episode, we’re diving into the true cost of childcare, breaking down the different types of care available and how much they really cost. Whether you're navigating daycare centers, nannies, or after-school programs, we’ll explore how these expenses vary by location and the number of kids in the family. Plus, we’ll uncover some much-needed financial relief, from government subsidies to tax credits and employer benefits. If you're a parent juggling the decision to work or stay home, or just trying to understand the financial impact of childcare, this episode is for you!
We're diving into the world of kids and finances by discussing the ins and outs of opening a bank account for a minor. Whether you're a parent looking to teach your child about saving, or you want to start building their financial future early, opening a bank account is the perfect first step. We'll cover everything you need to know-from the types of accounts available to the documentation required-and offer tips on how to help your child manage their money responsibly. Join us as we explore how you can set your child on the path to financial success!
Ever wondered what your beauty routine is really costing you? We did too—and the results were eye-opening! Join us as we peel back the layers on the true cost of beauty, revealing every penny spent to look and feel our best. From haircuts and skincare to makeup and wellness treatments, we’re breaking it all down, so you know exactly what’s behind that flawless finish. Tune in, because you might just find out you’re investing more than you think!
In this episode of the Isn’t that Rich Podcast, we’ll explore the often misunderstood world of the dark web. We’ll start by breaking down what the dark web actually is—explaining its place in the broader internet landscape and how it functions. Then, we’ll guide you through practical steps to find out if your personal information is on the dark web, using tools and resources that are easy to access. Finally, we’ll provide actionable tips to help you protect your data from ending up in the wrong hands, including strategies like credit freezes, fraud alerts, and more. Whether you’re concerned about identity theft or just curious about this hidden side of the internet, this episode is packed with insights to help you stay informed and secure.
The website for "Have I Been Pwned" is https://haveibeenpwned.com/ and you can use it to check if your email address has been involved in any known data breaches.
The full web addresses for the three major credit bureaus:
- Experian: https://www.experian.com
- TransUnion: https://www.transunion.com
- Equifax: https://www.equifax.com
These websites provide resources and tools for credit reports, credit freezes, fraud alerts, and more.
The Federal Trade Commission (FTC) offers a lot of guidance and resources for dealing with the theft of various types of personal information. If you find that your data has been compromised, you can visit their website at FTC Identity Theft for step-by-step instructions on what to do next. The FTC even has a support team you can chat with online if you need help figuring out your next steps. https://www.identitytheft.gov/Steps
In our latest podcast episode, we wrap up the journey we’ve been following for the past year as our co-host, Ashley McVicker, built her very first home from the ground up. This final episode in our 4-part series dives into the culmination of her experience, where she walks us through the process of rolling her construction loan into permanent financing. Ashley gives us a candid recap of her entire journey, sharing the final steps, reflecting on the lessons she’s learned, and offering insights you won’t want to miss. The big question remains—does she have any regrets, or is she thrilled with her decision? Tune in to find out!
Elder fraud and abuse are sneaky problems that affect some of the most vulnerable people in our community. Kimberly O'Daniel, the Program Director for Adult Protective Services at Shawnee Health, sheds light on what’s being done to fight back. We’re diving into the different ways seniors can be exploited, from financial scams to physical and emotional abuse. Kimberly shares practical tips on how families, friends, and professionals can spot the red flags and step in to protect our elderly loved ones. With her real-life stories and expert advice, we share why staying alert, educated, and connected is key to keeping our seniors safe.
Building a solid foundation for your personal and professional life is no small feat. Whether you're just starting your career, growing a family, or preparing for retirement, the right professionals by your side can make a world of difference. Here's a breakdown of the key people you should consider having on your team and how they can help you navigate life's various challenges and opportunities.
Planning for retirement is a crucial step for every working American. Understanding Social Security, how it works, and why you shouldn’t rely solely on it for retirement is essential. Additionally, knowing how to check your future retirement benefits can help you make more informed decisions. Let's dive into this topic and explore the details.
More money? Yes, please! In this episode of the Isn't That Rich podcast, we explore the seven essential streams of income that can transform your financial health. From earned income and profit income to interest, dividend, rental, capital gains, and royalty income, we share practical ways to diversify your earnings and achieve financial stability. Discover how leveraging your skills and making wise investments can help you build a robust financial portfolio that withstands economic uncertainties. Tune in to learn how to secure your financial future and unlock the path to wealth!g
When you think about the safety of your hard-earned money, one of the first things that might come to mind is FDIC insurance. Established in 1933, the Federal Deposit Insurance Corporation (FDIC) provides a sense of security for depositors by insuring their deposits in member banks up to a standard limit of $250,000 per depositor, per insured bank, for each account ownership category. However, did you know that you can actually insure much more than that by strategically structuring your accounts? Christine Hankins, President of Retail Banking is letting us in on the truth about FDIC insurance and how you can maximize your coverage at your FDIC insured bank.
In this episode, we explore the fascinating and often controversial history of tip culture in the United States. Discover how a practice meant to reward exceptional service has evolved into an expectation that permeates even quick service restaurants. We'll explore the origins of tipping, its cultural implications, and why it has spiraled out of control in recent years. We also examine the impact of this tipping trend on both workers and customers. Whether you're a frequent diner or just curious about societal trends, this episode offers an eye-opening look at a pervasive yet often misunderstood practice. Tune in to learn how tipping culture has transformed and what it means for the future of service in America.
In this episode, we explore the fascinating and often controversial history of tip culture in the United States. Discover how a practice meant to reward exceptional service has evolved into an expectation that permeates even quick service restaurants. We'll explore the origins of tipping, its cultural implications, and why it has spiraled out of control in recent years. We also examine the impact of this tipping trend on both workers and customers. Whether you're a frequent diner or just curious about societal trends, this episode offers an eye-opening look at a pervasive yet often misunderstood practice. Tune in to learn how tipping culture has transformed and what it means for the future of service in America.
In this episode, we clarify the complexities of home insurance with a simple and engaging approach: the ABC's of Home Insurance Coverage. Tune in as we break down what each letter stands for and the specific protections they offer. Discover how "A" covers your dwelling, ensuring your home itself is safeguarded. Learn why "B" is essential for everything attached to your property, from barns to carports. And don't miss our deep dive into "C," which covers the contents inside your house, including appliances and personal belongings you’d take when you move. Whether you're a homeowner or considering buying a home, this episode will equip you with the knowledge to make informed decisions about your home insurance policy. Join us for a comprehensive yet easy-to-understand guide that will leave you feeling confident and secure about your coverage.
In this episode, we explore the powerful impact of financial literacy on businesses and their employees. Join us as we discuss how offering a financial wellness benefit can boost productivity, reduce stress, and enhance overall workplace satisfaction. We dive into the initiatives led by Farmers State Bank, which provides financial literacy classes tailored for businesses and their employees. Hear real-life success stories and practical insights on how these programs can transform financial behaviors and lead to a more financially secure workforce. Whether you're a business owner looking to support your team or an employee eager to improve your financial skills, this episode is packed with valuable information. Tune in to discover the benefits of financial literacy and how it can be a game-changer for your business.
In this episode, we dive deep into the world of agriculture with Michelle Sirles, the 5th generation farmer, Vice President, and owner of Rendleman Orchards. Discover how Michelle, with her unique background in graphic design and marketing, has transformed her family's 150-year-old farm into a modern-day destination. Learn about the innovative strategies she's implemented to keep the orchard relevant and thriving in today's challenging agricultural climate. From interactive photo ops and endless flower fields to expanding their retail footprint nationwide, Michelle's creative vision is reshaping the farming experience. Tune in to hear how she's not only preserving her family's legacy but also ensuring that Rendleman Orchards remains a beloved Midwest destination for generations to come. If you're curious about the future of farming and the power of adaptability, this is an episode you won't want to miss.
Today we’re exploring the world of personal finance apps. With so many options available, it can be challenging to choose the right one. In this episode, we’ll break down the key features to look for, compare popular apps, and provide tips on how to select the best app for your financial needs.1. YNAB (You Need a Budget)Cost: $14.99/month or $98.99/yearPros:Emphasizes proactive budgetingGoal-setting and progress trackingExcellent customer support and educational resourcesBank synchronizationCons:Steep learning curve for beginnersRelatively expensiveNo investment tracking2. EveryDollarCost: Free, EveryDollar Plus: $12.99/month or $79.99/yearPros:Zero-based budgeting methodEasy-to-use interfaceSyncs across devicesIntegration with Ramsey+ for additional financial tools and resourcesCons:Bank synchronization only in paid versionLimited investment trackingCan be expensive for full features3. Personal CapitalCost: Free (basic features), Wealth Management services have a fee based on assets under managementPros:Strong investment tracking and analysisComprehensive view of financial accountsRetirement planning toolsFree financial toolsCons:Focus on wealth management clients can be off-putting for budget-focused usersCan be complex for simple budgeting needsPersistent upselling of advisory services4. PocketGuardCost: Free, PocketGuard Plus: $4.99/month, $34.99/year, or $79.99/lifetimePros:Simple, easy-to-use interfaceAutomatically categorizes expenses"In My Pocket" feature shows available funds after bills and savingsFinancial goal trackingCons:Limited customization of budget categoriesFree version has limited featuresNo investment tracking5. GoodbudgetCost: Free (basic), Plus: $8/month or $70/yearPros:Envelope budgeting systemSimple and straightforwardSyncs across multiple devicesDebt tracking and managementCons:Manual entry of transactionsLimited features in free versionNo bank synchronization6. Simplifi by QuickenCost: $5.99/month or $47.99/yearPros:Real-time updates on spending and budgetingPersonalized insights and spending planEasy to set up and useTracks subscriptions and recurring expensesCons:Subscription-based model can add upLimited free trial periodNo investment tracking7. Tiller MoneyCost: $79/yearPros:Automatically updates Google Sheets or Excel with bank dataHighly customizableDaily email summaries of financial activitiesStrong community and supportCons:Requires familiarity with spreadsheetsNo mobile appLimited to Google Sheets and Excel usersThese apps offer various features and cater to different budgeting styles, so selecting the right one depends on your personal financial goals and preferences.
Today we’re debating a topic that affects all of us: the benefits and drawbacks of cashversus card payments. Whether you’re a fan of the traditional paper cash or prefer theconvenience of plastic, this episode will help you understand the pros and cons of eachpayment method and when it might be best to use one over the other.
Today, we're shining a spotlight on an organization that's not just changing lives but reshaping entire communities in Southern Illinois. Arrowleaf, a beacon of hope in the fight against homelessness, stands tall as a testament to the power of compassion and community action. For years, they've been tirelessly dedicated to providing shelter, support, and opportunities for those facing the harsh realities of homelessness.At the helm of this remarkable organization is Sherrie Crabb, a visionary leader with a heart for service and a passion for making a difference. With her guidance and dedication, Arrowleaf has grown from humble beginnings to a force for change in the region, touching the lives of countless individuals along the way. Joining her today is Allison Schuster, the Development Officer at Arrowleaf. Allison's unwavering commitment to creating positive change is what led her to join this esteemed organization. In her pivotal role, she leads the charge in fundraising efforts and explores diverse developmental opportunities to advance the impact of Arrowleaf's programs.And now, as they embark on a monumental journey, Arrowleaf invites us all to join them for a pivotal moment in their mission. Their inaugural Unmasking Homelessness Gala, set to take place this August, isn't just a celebration; it's a call to action to stand together in solidarity with those in need In today's episode, we'll dive deep into the heart of Arrowleaf's mission, exploring their remarkable work in Southern Illinois communities and the transformative impact they've had on countless lives. We'll also shine a spotlight on the upcoming gala, discussing its significance and how you can be a part of this inspiring movement.So, prepare to be moved by the stories of hope, resilience, and compassion that define Arrowleaf, as we welcome the remarkable Sherrie Crabb and Allison Schuster as today’s guests on the Isn’t That Rich Podcast!To purchase tickets to the Unmasking Homelessness Gala, click the link below:https://myarrowleaf.org/gala/?fbclid=IwZXh0bgNhZW0CMTAAAR2pGY_Qi55CuBd0oKSI3EkZNxyUdcWyrcFMA39y22hRVSC0CUXhRL_oZ7k_aem_AYvhtf6BVuVA_myJkjAuz2p15KTlfNBktAcduysyWLik_7O8AM9a7RSB5lxY5wRXIAWVpShHRtUoKRvk14zsjxWj
In this insightful episode, we open up about the financial mistakes we've made in the past so you don't have to. From budgeting mistakes and investment missteps to impulse purchases and overlooked savings opportunities, we share our personal experiences and the lessons we've learned along the way. Join us as we discuss how to avoid common financial pitfalls and take proactive steps towards a healthier financial future.
In this episode, we sit down with Lexi Cavins to discuss her experience going through our six-week mentorship program at Farmers State Bank. Through this initiative, Lexi had the opportunity to rotate through all our departments, from customer service, loan operations, marketing, and more. This program represents Farmers State Bank's commitment to investing in our employees' growth and development. Lexi's journey highlighted the diverse opportunities within the bank, and her enthusiasm and curiosity were truly inspiring. We can’t wait to offer more employees the chance to explore different areas of the bank and discover their passion for future career paths. Join us as we get to hear Lexi’s favorite moments, and the valuable lessons she gained from her time in the mentorship program.Farmers State Bank| 618-998-1188 | Alto Pass- Harrisburg - Marion| IL
In this episode, we discuss the world of commercial lending with Community Bank President, Mike Hopkins, an expert in the field. From navigating loan applications to understanding risk assessment and interest rates, Mike shares valuable insights.
We explore the range of commercial loan products available at Farmers Bank and discuss essential aspects like financial documentation, collateral requirements, and cash flow management. Join us as we uncover the keys to securing financing for businesses.
Losing a loved one is never easy, and the burden of managing their affairs can feel overwhelming. Imagine a tool that streamlines this process, sparing you from endless hours of searching for crucial information amidst the emotional turmoil. Enter the Nokbox—a revolutionary system designed to seamlessly organize everything from financial accounts to cherished memories. More than just an estate planning tool, the Nokbox serves as a comprehensive home organization system, ensuring your digital footprint and personal legacy are preserved with ease. We decided to put the Nokbox to the test. Jill Franks and Jared Gravatt invested in the Nokbox and on this episode, they'll share their firsthand experience and insights into how this tool has transformed their approach to estate planning and home organization. Tune in to discover how the Nokbox can bring peace of mind to you and your loved ones. https://www.thenokbox.com/
Running a business comes with its challenges, especially when it comes to getting paid. Perhaps you've struggled with a disjointed invoicing system, making it hard to track your projects' progress, or maybe you don’t have one at all! We understand that getting paid promptly is vital for your business's health. That's why, at Farmers State Bank, we're thrilled to introduce Autobooks—an innovative invoicing and payment processing solution seamlessly integrated into your online banking. Ready to revolutionize your payment processes? Discover if Autobooks is the perfect fit for your business by tuning into this episode Link to Autobooks: https://www.myfsb.com/resources/business-services/autobooks.html
We had the privilege of hosting Pastor Jason McKinnies at the Legacy Sessions as he passionately explored the profound concept of leaving a lasting legacy and the importance of knowing where you're headed when your journey on this earth comes to an end. Jason's poignant message reminds us that life is like a vapor, fleeting and ephemeral, but it is within our power to make it meaningful and impactful. Pastor Jason McKinnies' heartfelt message will encourage you to reflect on your own life's purpose and legacy, prompting you to take proactive steps to ensure your family's future security and happiness
In this thought-provoking video, we were honored to host John Forbes as a distinguished speaker at our Legacy Sessions event, where he delved deep into the intriguing topic of "What is your net worth, really?" John's presentation transcended the conventional notion of wealth, going beyond the financial aspect to explore the profound concept of holistic prosperity.
With his engaging and insightful delivery, John Forbes challenged conventional wisdom and offered a fresh perspective on the true meaning of wealth. He explored the idea that one's net worth encompasses more than just money; it encompasses personal values, relationships, experiences, and the impact we make on the world. If you're seeking a deeper understanding of what true wealth means and how it can shape your legacy, this video is a must-watch, as John Forbes provides invaluable wisdom that transcends traditional financial metrics.
Evan Taylor, a distinguished attorney with a wealth of expertise in estate planning, delivered a captivating and informative session at our recent Legacy Sessions seminar. His approachable demeanor and remarkable ability to simplify complex legal concepts made his presentation a highlight of the event. During his presentation, Evan delved into the intricacies of crafting personalized estate plans that not only protect your assets but also ensure the efficient execution of your wishes. He emphasized the importance of considering not only financial assets but also personal values, family dynamics, and long-term objectives, offering practical insights that left our audience well-prepared and confident in their ability to navigate the world of estate planning.
We had the privilege of hosting Adam Lawler, a distinguished attorney, at our Legacy Sessions event, where he shared invaluable insights into the crucial realm of succession planning for businesses. Adam effortlessly simplified the often-intricate world of business succession planning, ensuring that our audience left with a clear understanding of the subject. Throughout his talk, Adam not only delved into the technical aspects of business succession planning but also emphasized the significance of taking a comprehensive approach. He encouraged us to consider not just financial assets, but also the dynamics of our businesses, our long-term objectives, and the values that underpin our corporate identities. If you're a business owner or executive seeking to secure the future of your company or gain insights into the world of business succession planning, this video is a must-watch, as Adam Lawler provides invaluable wisdom and actionable advice tailored to the business landscape.
So many FSB credit card options, so little time. How do you know which one fits your lifestyle and spending behaviors? In this podcast episode, we sit down with our customer service representative, Taylor Shanks, to discuss the range of credit cards offered by Farmers State Bank. Taylor provides practical insights and tips on choosing the correct credit card for your specific needs. This episode serves as a no-nonsense guide, cutting through the clutter to help you make informed decisions about your credit card choices. Whether you're a credit card connoisseur or just starting out, join us for a straightforward conversation that aims to simplify the process of finding the perfect credit card for you.
Farmers State Bank| 618-998-1188 | Alto Pass- Harrisburg - Marion| IL
As spring break approaches there are a few things on everyone’s mind: sunshine, sand, and palm trees! But before you pack your bags, lower your seat backs, and tray tables, there’s something all travelers should consider in protecting your finances.
In this episode we’ve invited our President of Retail Banking and travel enthusiast, Christine Hankins, to explore the often-overlooked aspects of financial safety during travel. From managing your cards and currency effectively to understanding potential risks in unfamiliar destinations, we've got you covered. Tune in as we unpack crucial tips to ensure a worry-free and financially secure adventure. Don't let unforeseen financial challenges cloud your vacation vibes – join us for a pre-flight briefing on smart travel finance practices!
One topic that is constantly in conversation at the bank is the mortgage market. On this episode, Chief Mortgage Officer, John Streuter, breaks down his 2024 predictions, offering a practical look at interest rates, mortgages, and the housing market. The essential roles of the FED, stock market, and bond market are discussed heavily as well to give a deeper insight into “why things are the way they are”. If you want to gain a broader understanding of the current mortgage world, this episode will not disappoint. Farmers State Bank| 618-998-1188 | Alto Pass- Harrisburg - Marion| IL At Farmers State Bank, the core of our story is a simple truth: no one serves you better.
We’re picking up where we left off with our own Ashley McVicker in her home building process. In part two we talked all about securing a construction loan. In this episode, we find out what comes next. From coordinating with contractors to staying on budget, she unveils what has (and what hasn’t) gone according to her plans. Will she be ready to move in by Spring 2024? Find out as she tells all in this episode.
I don’t know about you, but lately we’ve found ourselves afraid of checking the mail. Every time we do there’s another notice waiting to inform us that our payment will be increasing by “x” amount next year, and not just on our Netflix account. From our property taxes to our insurance premiums, it seems inflation has a hold on us, so much so it’s forced us to do a little digging into what the heck is going on. If there is anything we’ve learned when it comes to our finances, it’s to ask the experts. It just so happens we have an insurance expert on our team who knows all about what’s going on in today’s insurance environment.
Today, we’ve invited Nathan Ashby with FSB Insurance as our guest to break down the challenges many of us are facing when it comes to insurance. We'll unravel the why behind the rising premiums and share practical tips on how you can navigate this shifting landscape. So, before you go out and switch insurance policies for one that appears less expensive, be sure you listen to this episode!
Considering buying a home this spring? Then today’s episode is meant for you. If you’re curious about the current real estate trends, the surprising shifts in the market, or are wondering if now is the right time to invest, you’ll want to tune in for this discussion.
To give us expert insight into today’s real estate landscape, we have the pleasure of hosting Tammy Kissing from All-in-One Real Estate. With a remarkable background spanning over three decades in the sales and service industry, Tammy brings a wealth of experience to the table. Having navigated the dynamic ebbs and flows of the real estate market, she offers a unique perspective on both its ups and downs. Today, Tammy joins us to provide a comprehensive update on the current state of the southern Illinois real estate market.
In today's episode, we tackle 10 widespread misconceptions about money. From the belief that budgeting is only for those facing financial troubles to the myth that a higher salary guarantees financial success, we debunk these ideas to help you make more informed financial decisions. Join us as we unravel these common money myths, providing clarity and insights to empower your journey towards financial well-being.
In today's episode, we're diving deep into the latest changes in business tax laws for the year 2024. Buckle up as we unravel the intricacies of the updated tax regulations that could significantly impact your business. From key deductions to new credits, we'll break down the essential information you need to navigate the evolving landscape of taxation. Join us on this informative journey, where we simplify the complex world of business taxes, helping you stay ahead and make informed financial decisions. Get ready to decode the tax talk and empower your business in 2024!
When it comes to filing your personal taxes, no one wants to pay more than they have to. But how do you make sure you’re taking advantage of all the deductions available to you? To help inform you of all the new tax deduction opportunities available in 2024, we brought in Farmers State Bank’s CFO and CPA, Matt Businaro. If you think you could take advantage of any of the information discussed today, please consult your tax advisor. To get in touch with Matt Businaro, contact him at (618) 252-2600 or mbusinaro@myfsb.com To read more, visit https://tax.illinois.gov/
Welcome to January 2024, ushering in not just a new year but also a fresh tax season with its accompanying changes in tax laws. Our Chief Financial Officer, Matt Businaro, has recently returned from his annual tax seminar, armed with the latest insights into the tax landscape for 2024. In this week's episode, we are privileged to have Matt as our special guest, ready to impart his newfound knowledge to you.
Stay ahead of the curve by tuning in, as Matt breaks down the intricacies of the latest tax laws. Being well-informed is your key to navigating this tax season efficiently, potentially saving you both time and money when it comes to filing. Don't miss out on this valuable episode; your financial well-being might just thank you later!
We are so fortunate to live in one of the fastest growing communities in southern Illinois. With property tax relief, economic development resources, safer school initiatives, city beautification projects, and stronger code enforcement, Marion is slated to be one of the best places in southern Illinois to live, work, play and grow. But how
On today’s episode, we had the honor if interviewing the mayor of the city of Marion, IL, Mike Absher. He gives our Farmers State Bank listeners the inside scoop as to how, what, and why there has been such strong growth within the city of Marion. Mayor Absher also shares what he is most excited about that is to come in 2024. You won’t want to miss this episode!
Today we release the last episode of the Isn’t that Rich Podcast for 2023, and although the prospect of the new year is exciting with its promise of new beginnings and a fresh start, we thought it would be the perfect time to reflect back on the incredible journey we’ve had. This episode is a look back at all the major events, milestones, and challenges that defined our 2023. From building a branch from the ground up in a new community, to creating a kindness vending machine, it’s been a rollercoaster of a year. Reflecting on the year wouldn't be complete without discussing the lessons we've learned. Whether it's personal growth, professional insights, or unexpected discoveries, we'll share the takeaways that have shaped us.
Hey Illinois business owners and employees, there are a few new laws hitting the scene for our state in 2024 that you need to know about! In this episode, we explore the latest developments in Illinois' business laws for 2024 with lawyer and owner of Legal Advocacy Headquarters, Martin Parsons. Tune in as Parsons provides valuable insights into the newly unveiled laws, offering practical advice for entrepreneurs navigating the evolving legal landscape. Whether you're a startup enthusiast or an established business owner, this episode serves as a guide to staying compliant and strategically adapting to the changing business environment in Illinois.
Our guest: https://www.legaladvocacyheadquarters.com/
http://www.myfsb.com
When you hear the term grant funding, does free money instantly flash through your mind? Free money sounds amazing, but there is a whole lot more to receiving a grant than meets the eye. To help us understand the world of grant writing, we invited Tammy Gwaltney to be our guest. Tammy is a seasoned grant writer with years of experience in the world of non-profits.
In this episode, Tammy shares her valuable insight into the dos and don’ts of grant writing. Through her personal experience, she reveals the common challenges people face during the grant writing process and provides us with a comprehensive guide on how to write compelling grant proposals. Whether you're a nonprofit seeking funding for a project or an individual looking to secure support for your ideas, this episode is packed with tips and strategies to help you navigate the grant writing process successfully.
Terms and abbreviations we discussed in the episode: Grant – the money you receive; the proposal is the written request for the money NOFO – Notice of funding opportunity UEI – Unique Entity Identifier (replaces the DUNS#) 501(c)(3) – common IRS designation for a charitable organization Important links mentioned in this episode: Federal Registration Site - https://sam.gov/content/home Site to find Federal Grants - https://grants.gov/Sam.gov Search for charities and non-profits - https://www.irs.gov/charities-and-nonprofits Herrin Chamber of Commerce - https://www.herrinchamber.com/events
Farmers State Bank| 618-998-1188 | Alto Pass- Harrisburg - Marion| IL
It’s the holiday season which means you’re most likely making more online purchases than any other time of the year! This also means there is an increased opportunity for fraudsters to strike and steal your credit or debit card details. Thankfully, we’ve got the inside scoop on a solution for you!
This week we invited our Customer Service Representative and Accredited Banking Professional, Lexi Cavins, on to share her tips on safe ways to use your credit and debit card when shopping online. The information she shares could save you thousands of dollars in fraudulent charges, and a whole lot of headache with your bank!
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.
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.
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
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.
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.
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!
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.
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
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.
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.
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.
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.
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.
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!
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.
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
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!
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
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.
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
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/
Owning a small business may quite possibly be one of the loneliest jobs on the planet. You set out to create something beautiful for your community only to find yourself navigating more challenges than you ever thought possible, and there is no one to turn to for help but yourself. Every community bank out there claims they want to support your small businesses, but their efforts turn out to be little more than smoke and mirrors. Plus, you wouldn’t know what to ask them for even if they could help. Sound familiar?
On this episode, we sit down with one of the owners of Crown Brew Coffee, Jared Gravatt, to talk about his journey as a small business owner in southern Illinois. What started out as a shared vision of creating something special for their region came to fruition in the form of their café located in Marion, Illinois. It was all made possible through the relationships they built along the way; one of those relationships being their banking relationship with Farmers State Bank.
You’ll walk away from this episode with a clear picture of what a healthy relationship between a small business and a community bank should look like and learn ways your bank can add value to your small biz.
The phrase Financial Stewardship gets thrown around quite a bit in our society, but what does it mean exactly? The truth is it can mean something a little different to everyone. To an organization, financial stewardship might mean protecting the long-term assets of that organization in a moral and ethical way. To an individual, it may mean making purchasing decisions that align with your values such as living within your means, staying out of debt, and perhaps even donating to charity. Since Farmers State Bank is a Christian bank, we wanted to take a closer look at what the bible says about being a good financial steward, so we asked the best resource we could possibly think of; our own pastor!
On this episode we sat down with Pastor Jason Mckinnies of Purpose House Church to talk about what it looks like to be a good financial steward! From holding space for his church members to take courses on financial freedom, to building a multi-million dollar church completely debt free, we learned so much about living a life of financial stewardship and we know you will to.
Book: https://qrco.de/bdqYOC
Credit, credit score, credit reports, credit cards. We’ve all heard about credit and the implications a negative credit score can have, and when someone brings up the topic of credit, everything just seems to go in one ear and out the other. Maybe you can relate? In the most basic terms, credit is a three-digit number that helps lenders judge the likelihood they’ll be paid back when they lend you money. Our credit score determines our creditworthiness and it’s not really something you can just “opt out” of if you ever want to borrow money to buy a house, to get approved on an apartment application, or even get a job in some cases.
Our credit plays a crucial role in these important areas of our life, so today we’re giving you the entire playbook to the game of credit. You’ll walk away with actionable steps you can take to instantly up your credit score because, at Farmers State Bank, we want you to play the game and win!
Links:
Annualcreditreport.com
We all enjoy the fruits of the electronic banking department. We love the mobile app and the ability it gives us to take our bank account into the palm of our hands. We love that we can transfer money around the world. We love being able to confidently make a deposit and not concern ourselves as to whether the funds will automatically be applied to the correct bank account. What we don’t realize is that it takes an entire team at a bank to make that all possible for us.
In this episode we sit down with the head of our Electronic Banking Department, Troy Graham, to learn the ins and outs of the work they do to make sure our online banking and mobile app runs smoothly and securely.
In this episode of our podcast, we sit down with our CEO, Charles Holland to discuss the recent Silicon Valley Bank (SVB) failure that made headlines.
Are you dreaming of owning your own home but don't know where to start? In this episode, we'll explore everything you need to know about buying your first home and how to prepare right now.
When should you start teaching your child about finances? Are they too young to start learning? Will it stress them out to think about money at such a young age? Today we are talking all about kids and finances. Kids are our future and we want them to develop a healthy relationship with money along with the ability to confidently handle their finances. But what is the best way to go about doing that?
In today’s episode you’ll learn easy and actionable ways you can begin to introduce your child to money and set them up for a future free of financial fear. Let’s dive on in!
POD, APY, DDA.... There are so many acronyms used in the banking industry, it’s no wonder banking feels intimidating to the average consumer! Personal bankers use these acronyms in their everyday vocabulary, but if you’re not from the banking world, they may sound foreign to you.
Today we’re going to be debunking all the basic banking lingo and teaching you how to speak the complex language of banking! So, the next time you walk into a bank and your personal banker starts throwing around one of these acronyms, you’ll know exactly what they’re talking about and will be able to respond with confidence.
Do you have dreams of becoming the CEO of a company some day? Ever wondered what it might take to get there? Then you won’t want to miss this episode of our podcast!
This week we sat down with Charles Holland, CEO of Farmers State Bank, to hear all about his career journey from bank teller to CEO. As someone who has held almost every position available, Charles gives us an inside view of the different career opportunities within a bank. Not only will you learn about the ups and downs of what a path to CEO might look like, but you’ll walk away feeling inspired to reach for more on your own path toward leadership.
Farmers State Bank| 618-998-1188 | Alto Pass- Harrisburg - Marion| IL At Farmers State Bank, the core of our story is a simple truth: no one serves you better.
Whether you love or hate it, Valentine’s Day remains one of the most popular days to get engaged. But before you do something crazy, like join your entire life to another person, there is a lot to consider about your finances! Today we are going to tell you all the things you need to do banking-wise when it comes to getting married.
Today we welcome our special guest, Taylor Shanks, to join us who knows way more than we do about banking. She is a “new account” expert and has been with Farmers State Bank for over five years. In fact, if we ever have a question about banking in general, she is our go-to person. She has so many tips to share including how to change your name on your bank account, whether a joint account a good idea, the other options available for newly married couples, and so much more! We can’t wait for you to tune in to hear all she has to share with us.
Farmers State Bank| 618-998-1188 | Alto Pass- Harrisburg - Marion | IL At Farmers State Bank, the core of our story is a simple truth: no one serves you better.
Did you know fraud happens all the time? Yes, even here in small town southern Illinois! Well, it does! Fraudsters in our area are becoming more and more bold in their efforts and in ways we’ve never seen before. Today we are going to be sharing some of the most recent examples of how people in our community have fallen victim to fraud. We want to make you aware of what is happening, specifically in our area so you can recognize it when a fraudster is trying to trick you into giving away private information. You’ll also learn ways you can put a stop to fraud before it begins and how you can protect yourself starting today.
When it comes to fraud, your community bank can become your greatest wall of defense against some of the examples we will share in today’s episode. We will be talking ways to build a relationship with your bank to ensure you’ll never be caught in the midst of a fraudulent scandal. Whether it’s fraud over the phone, in person, through a stollen check, or by using your credit to make purchases, you’ll get the best tips on how to best protect yourself and your finances.
Links we mentioned in this episode:
www.annualcreditreport.com
www.myfsb.com
Farmers State Bank| 618-998-1188 | Alto Pass- Harrisburg - Marion| IL At Farmers State Bank, the core of our story is a simple truth: no one serves you better.
This is the second episode of our two-part series on Financial Inventory Planning. Last week we told you the exact documents you need to get started when taking your own financial inventory. This week we are diving deeper into each of those categories to see the bigger picture and determine our net worth.
Knowing your net worth is key because without knowing where you stand financially, you won’t be able to set goals and dreams for the future. This is also a great thing to do for your loved ones, so you are prepared in case of death or other tragedy. Being prepared is a good thing and a financial inventory will make you aware of your financial situation.
This week we’ll ask you the exact questions you need to answer when taking your financial inventory. We encourage you to schedule time with yourself, to pause this episode when you need to, and answer these questions as you complete our financial inventory planner.
For a place to securely store your information online:
www.everplans.com
To check on your social security, visit:
www.ssa.gov
To download our Financial Inventory Planner & Financial Knowledge Quiz:
https://view.flodesk.com/pages/63d2da07de520bd60dc33ce5
Farmers State Bank| 618-998-1188 | Alto Pass- Harrisburg - Marion| IL At Farmers State Bank, the core of our story is a simple truth: no one serves you better.
In this episode, we'll be discussing the benefits of taking a financial inventory as we start the new year. A financial inventory helps you track and understand your income, debts, expenses, and assets. It can also help you set financial goals and stay on track throughout the year. Tune in to learn how to take a financial inventory and get your finances in order for the new year.
In this episode, we introduce our new weekly financial podcast and give you an idea of what you can expect from future episodes.
Our goal is to provide valuable tips and tricks on a wide range of financial topics, from personal finance and investing to business and economics. We'll be featuring interviews with experts and industry insiders, as well as discussions on current events and trends in the financial world.
Whether you're a seasoned investor or just getting started with managing your finances, we hope to have something for everyone. We'll be covering a variety of topics, from saving and budgeting to retirement planning and building wealth.
Tune in to this episode to learn more about our show and what you can expect in the coming weeks. We look forward to bringing you valuable content and helping you navigate the complex world of finance.
Farmers State Bank| 618-998-1188 | Alto Pass- Harrisburg - Marion| IL At Farmers State Bank, the core of our story is a simple truth: no one serves you better.