GUIDING
GUIDING EMPLOYEES THROUGH FINANCIAL STRESS, ULTIMATELY HELPS THE COMPANY4@4@ .
>> THIS ADDS TO THE OVERALL COS@
.
>>4@ AND BASIC FINANCIAL SERVIC,
THIS GIVES AN EMPLOYEE THE
OPPORTUNITY TO COME IN AND A
FAIR AND UNBIASED, 4@
NONJUDGMENTAL ATMOSPHERE4@ TO T
TO NEGOTIATE THE BASIC
NECESSITIES OF 4@GETTING BY AND
THEN4@ HAVING AN EMPLOYER OFF O
THE SERVICE, IT REALLY GETS
THEM TO A PLACE THEY KNOW IS
SAFE.
THERE'S A LOT OUT THERE RIGHT
NOW, BUT THERE ARE SO MANY
SCAMS,4@ THAT THAT TO IS AN ADD
STRESS, TO KNOWING WHERE THEY
CAN ACCESS THE TOOLS THAT THEY
CAN GET4@ .
>> THAT'S A BIG PIECE OF THIS.
THERE IS AN ENOUGH KNOWL4@EDGE
ABOUT FINANCIAL WELLNESS, A LOT
OF US DON'T UNDERSTAND HOW TO
PLAN4@, SO, HAVING THE EMPLOYER
GET INVOLVED, HOW DIFFICULT IS
IT4@ FOR THE EMPLOYER TO DEPLOY
FINANCIAL WELLNESS PROGRAMS,
HOW EXPENSIVE WOULD THAT BE FOR
THEM? A
>> YOU CAN HIRE CONSULTANTS TO
COME DO IT.4@
BUT RIGHT NOW, I THINK A LOT OF
FINANCIAL INSTITUTIONS LIKE OURS
4@ARE INVESTING IN PROGRAMS4@ T
LOCAL COMMUNITIES.4@
THE ORGANIZATIONS AND
BUSINESSES, LOCALLY.
THE FIRST RECOMMENDA4@TION IS T
CONTACT FINANCIAL INSTITUTIONS
TO SEE IF THEY OFFER ANY TYPE
OF PROGRAM. THE PROGRAM SHOULD
BE A PROGRAM THAT IS TAILORED
TO YOUR ORGANIZATIONS4@ SPECIFI
NEEDS, BECAUSE NO TWO
BUSINESSES ARE EXACTLY ALIKE.
THE EMPLOYEES WILL NOT BE A
LIGHT, THE PERSONAL FINANCIAL
WELLNESS PROGRAMS WILL NOT BE
THE SAME.
SO, YOU COULD EACH COME IN AND
BE PREPARED TO TAILOR A PROGRAM
FOR YOUR SPECIFIC EMPLOYEES.
AND,4@ THIS FINANCIAL INSTITUTI
IS ABLE TO PROVIDE TOOLS
NECESSARY TO HELP EMPLOYEES MAK@
BETTER EDUCATED FINANCIAL
DECISIONS ABOUT PERSONAL
FINANCES.4@
BECKY MENTIONED SOME OF THE
THINGS THAT PEOPLE STRESS OVER
MILLENNIALS, GENERATION Z, A
LOT OF THEM ARE NOT MAKING
ENOUGH MONEY YET4@ TO BE PUTTIN
STUFF AWAY IN SAVINGS OR A
401(K).
SO,4@ WHAT ADVICE DO YOU HAVE F
THE YOUNG PROFESSIONALS .
>> THAT'S A HUGE COST FOR SO
MANY MILLENNIALS THAT I SPEAK
WITH.
THE FIRST THING THAT I WOULD
SAY IS, I WOULD DEFINITELY GO TO
THE 4@MAIN WEBSITE, GO TO THE
U.S. WEBSITE4@, TYPE IN STUDENT
ROOMS LOANS, MAKE SURE YOU'RE
AT THE RIGHT U.S. GOVERNMENT
SITE.
THERE ARE RELIEF PROGRAMS RIGHT
NOW4@, INTEREST RATES ARE SO LO
NOW IS THE TIME TO TAKE A 4@LOO
AT4@ 4@POTENTIALLY REFINANCING
OF YOUR STUDENT DEBT4@, PUT THE
ALL TOGETHER, I WORKED WITH
SOMEONE RECENTLY WHO HEADS
LOANS THAT RANGED FROM 5%4@ TO
INTEREST RATES.
WE WERE ABLE TO GET HER ALONE
AT LESS THAN 3% AND,4@
CONSOLIDATE ALL HER STUDENT
DEBT WHICH MADE PAYMENTS MORE
AFFORDABLE.
BUT4@ ALSO, TAKE A LOOK AT WHAT
THE GOVERNMENT IS OFFERING FOR
STUDENT LOAN FORGIVENESS RIGHT
NOW.
TAKE ADVANTAGE OF ANYTHING THAT
YOU CAN TO FORWARD THE DEBT4@,
BECAUSE IT'S AN ENORMOUS AMOUNT
OF THEIR BUDGET .
>> YOU HAVE SOME INCREDIBLE
CHARTS THAT SHOW WHAT SO MANY
PEOPLE, EVEN BABY BOOMERS, ARE
JUST NOT 4@FINANCIALLY PREPARED
>> I'M A MILLENNIAL.
I REMEMBER THE 2008 RECESSION.4
COVID HIT AND THAT IMPACTED THE
ECONOMY.
ARE WE PREPARED FOR ANOTHER 4@
ECONOMIC DOWNTURN? 4@
>> YOU KNOW, IT'S 4@A SHOCKING
STATISTIC, THAT EVEN BABY
BOOMERS TODAY LIKE MYSELF, WE
DON'T HAVE THAT4@ $1000 EMERGEN
FUND TO RELY UPON.
A RECENT STUDY CAME OUT, IN
JANUARY OF THIS YEAR BY PRICE
WATER CLEARINGHOUSE.
THEY DO AN ANNUAL SURVEY EVERY
YEAR ON FINANCIAL WELLNESS.4@
AND 54%4@4@ OF EMPLOYEES THEY
SURVEYED WERE CONCERNED ABOUT
FINANCES.
54% IN JANUARY.
NOW, HERE WE ARE, OCTOBER4@4@ A
OCTOBER 2020, IF WE DID THAT
SURVEY, TODAY, AGAIN, I SUSPECT
THAT WOULD BE FAR GREATER THAN
54%. 4@
BUT, IT'S A REALITY.
IT DOESN'T MATTER WHAT TIME
PERIOD YOU WERE 4@BORN IN, MOST
OF THE PEOPLE4@ ARE LIVING
PAYCHECK 4@TO PAYCHECK4@ AND,
UNABLE TO HOLD ONTO THAT $1000
EMERGENCY FUND.
THAT IS A REALITY THAT EMPLOYER@
NEED TO