ISN'T THAT RICH PODCAST | Farmers State Bank of Alto Pass | Illinois

From Concept to Spectacle: The Art of Crafting Impactful Events

On September 14th, Farmers State Bank put on an event called the Legacy Sessions where we provided our community with valuable insight on how to leave a lasting legacy for generations to come. As a marketing team we?ve thrown some pretty great events and some not so great events, but this one will go down in Farmers State Bank history. But what made this event so remarkable? In this week?s episode Jill, Jared, and Ashley walk you through our event-planning process and share our secret to what makes an impactful event. We?re giving you the tools to create your own event vision and goals, as well as the timeline we follow to make sure nothing slips between the cracks leading up to the event.

Setting Your Kids Up Financially for Adulthood with John Forbes

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 weeks episode. There are two 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.

Health Insurance: What To Do When Life Happens

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, answers all our questions on what to do about health insurance when life happens.

A Month of Tracking Our Spending

On a recent episode 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 months time, no matter how embarrassing they were to admit! Needless to say this exercise was extremely enlightening and we discovered some major spending habits we weren't aware of before taking this challenge. We hope this episode encourages you to take your own spending tracker challenge so you can see first-hand how easy it is to get off track when you don't pay attention to where your money really goes.

Prevent Check Fraud with Positive Pay

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.