Gold Mine or Money Pit: Rural Short Term Rentals
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.
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Insuring Your Legacy: Why Life Insurance Matters
Life insurance might not be the most thrilling topic, but it's one of the most crucial aspects of financial planning. If you think life insurance is only for the elderly or those with a morbid streak, think again. Let's dive into why life insurance is essential, who needs it, and the different types available. Our expert for today is Eric Witges, COO of FSB Insurance, who brings a wealth of knowledge and some personal anecdotes that highlight the importance of life insurance.
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The Financial Side of Farewells: Saving Grace in Funeral Planning
Tomorrow is Halloween, and we're about to dive 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.
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Elevating Customer Service in 4 Simple steps
When a customer walks into your business, they either leave feeling great or frustrated. There's no neutral ground. At Farmers State Bank, we've cracked the code on delivering top-notch customer service every single time. Here?s how we do it, and how you can too!
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Strategic Planning for Small Businesses: Big Impact on Success
Strategic planning is crucial for any business aiming to navigate the complexities of its environment and achieve long-term success. Our CEO, Charlie, recently shared valuable insights on how we approach strategic planning at Farmers State Bank. Here's a summary of our conversation, focusing on the key elements and processes that make our strategic planning effective.
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