WELCOME BACK TO "LIVING
808."
THIS WEEKEND THOUSANDS OF
RUNNERS WILL BE PUTTING THEIR
HARD WORK TO THE TEST IN THE
HONOLULU MARATHON.
TRAINING FOR A MARATHON CAN
TEACH SOMEONE APE LOT.
THAT CAN BE APPLICABLE TO THEIR
FINANCIAL FITNESS.
HERE TODAY AT THAT TALK MORE
ABOUT HOW THAT TYPE OF THINKING
CAN HELP YOUR FINANCIAL JOURNEY
IS JON HANAI FROM HAWAI'IUSA
FEDERAL CREDIT UNION.
THANK YOU FOR JOINING US.
OF COURSE.
THIS IS FUN BECAUSE YOU DON'T
TYPICALLY HAVE THE WORD RUNNING
AND FINANCES IN THE SAME
SENTENCE.
BUT TELL ME MORE ABOUT THAT
COMPARISON.
OF COURSE NO ON WES
ADVOCATING THAT JUST BY
LITERALLY RUNNING AND TRAINING
YOU'RE GOING TO BE ABLE TO
MANAGE YOUR OWN MONEY BUT A LOT
OF THOUGHTS CAN GO INTO USING
YOUR MONEY, MONEY COMMITMENT
SHOULD SAY.
WE LIKE TO TELL OUR MEMBERS IS
THAT YOUR MONEY MANAGEMENT AND
SPRINT.
IT'S A MARATHON.
IT'S A JOURNEY.
SIMILARLY FOR A MARATHON BECAUSE
YOU CAN OUTPACE YOUR EX YOUR COMPETITION
IN THE FIRST 100 METERS BUT IT
DIDN'T MAKE A DIFFERENCE IN MILE
26.
HOW IT MANAGE IT CORRECTLY GOING
THAT DISTANCE.
AS YOU'RE TALKING ALL OF
THESE THOUGHTS ARE GOING THROUGH
MY MIND BECAUSE WE DO A LOT
ABOUT RETIREMENT TOO IN OUR SHOW
AND IT'S TRUE.
A LOT OF PEOPLE, YOU KNOW, SAY
YOU HAVE THIS AMOUNT OF MONEY
AND YOU WANT TO SPEND IT ALL
TODAY BUT YOU HAVE TO LOOK AT
THE LONG RUN AND YOU WANT TO
MAKE SURE YOU DON'T RUN OUT AND
MAKE SURE YOU BUDGET AND PLAN.
THOSE ARE ALL REALLY REALLY GOOD
TIPS.
WHERE SHOULD SOMEONE BRING THEIR
MONEY FOR THIS MARATHON
TRAINING, FINANCIAL FITNESS.
IT ALL STARTS WITH HAVING A
GOAL.
WHATEVER YOU DO, WHEN IT'S A
MARATHON, IF IT'S GOING TO BE A
FULL MARATHON OR HALF MARATHON
OR 9:00 KOR 3 KAND UNDERSTAND
THE LEVEL OF GOAL THAT YOU'RE
LOOKING FOR BECAUSE EACH HAS ITS
OWN KIND OF CHARACTERISTICS AND
UNIQUENESS TO IT.
SAME WITH YOUR INDIVIDUAL GOAL.
IT HAS TO BE INDIVIDUAL TO
YOURSELF.
WHEN IT COMES TO YOUR MONEY,
HAVE YOU TO UNDERSTAND YOUR
SITUATION AND ACCURATE
ASSESSMENT OF WHERE YOU ARE IN
YOUR FINANCES.
HAWAI'IUSA SITTING DOWN WITH
THEM, EXPLAINING TO THEM WHAT
THEIR OPTIONS ARE.
ABLE TO GO OVER THE SITUATION
AND HELP THEM SET A GOAL SO THEY
UNDERSTAND WHERE THEY ARE
CURRENTLY AND WHERE THEY ARE
TRYING TO GO.
YEAH, THAT'S GREAT BECAUSE
EVERYONE WILL HAVE DIFFERENT
GOALS MAYBE FOR SOMEONE IT'S TO
BUY A HOUSE.
MAYBE IT'S TO BUY A CAR.
MAYBE IT'S TO PAY OFF A SCHOOL
LOAN.
THERE ARE LOTS OF DIFFERENT
TYPES OF GOALS.
ONCE YOU HAVE A GOAL, WHAT'S
NEXT?
ONCE YOU HAVE THAT GOAL, YOU
CAN MAKE A PLAN.
THE SAME WITH MARATHONS.
WHEN YOU TRAIN FOR A MARATHON,
YOU WANT TO HAVE A TRAINING
SCHEDULE.
THIS WEEK I SHOULD BE ABLE TO
RUN THIS MANY MILES.
YOUR GOAL TO BE TO HAVE A
SAVINGS PLAN FOR THAT.
YOU WANT TO KNOW WHAT'S FEASIBLE
IN YOUR PRICE RANGE AND WHAT
SIZE OF HOME YOU'RE LOOKING FOR
DEPENDING ON YOUR FAMILY
SITUATION AND CAREER SITUATION.
OF COURSE BUYING A HOME
THERE'S ALSO THINGS LIKE DOWN
PAYMENTS YOU HAVE TO CONSIDER.
ABSOLUTELY.
WHETHER IT'S 5%, 10%.
YOU WANT TO BE ABLE TO SAVE
EVERY PAYCHECK, EVERY PAY PAY
PERIOD TOWARDS THAT GOAL.
IF THE MATH DOESN'T WORK OUT,
YOU'RE GOING TO HAVE TO REVISIT
YOUR PLAN, ADJUST A TIME LINE OR
RE-DO IT TO MAKE SOMETHING A
LITTLE MORE REALISTIC TO
YOURSELF BUT THAT'S WHAT TIES IN
WITH THE MOST DIFFICULT PART
WITH PLANNING, STAY DEDICATED TO
IT.
IT'S SO EASY TO FALL TO THE
TEMPTATION, STOP OFF HERE THIS
ONE TIME.
IT'S NEVER JUST ONE TIME.
IT'S CYCLICAL, ALWAYS MORE AND
MORE.
COFFEE LESS.
OF COURSE.
ALL THOSE THINGS DEFINITELY MAKE
A LARGE IMPACT AT THE END OF IT
ALL.
IS LOOK AT SMALL THINGS TO MAKE
IT EASIER.
FOR EXAMPLE, LET'S SAY YOU
RACKED UP A BUNCH OF CREDIT CARD
WE ALL HAVE DONE THAT,
UNFORTUNATELY.
WHAT YOU CAN DO IS LOOK FOR
PROMOTIONAL BALANCE TRANSFERS TO
TAKE THAT HIGH INTEREST BALANCE
AND BRING IT TO A LOWER INTEREST
CREDIT CARD.
SOMETHING LIKE THAT PIQUES YOUR
INTERESTING, CAN HELP YOU WITH
THAT WITH BALANCE TRANSFERS AND
OTHER TYPES OF PROMOTIONS GOING
ON.
LIKE A FOREIGN LANGUAGE.
THEY ARE JUST NOT GOOD AT IT AND
DON'T UNDERSTAND IT SO IT'S NICE
YOU GUYS HAVE A TEAM.
WE'RE ALMOST OUT OF TIME.
DO YOU HAVE ANYTHING ELSE YOU'D
LIKE TO ADD?
CELEBRATE THE MILESTONES AND
SMALL VICTORIES.
WE ALL WANT TO HAVE A BIG PARTY
GOAL.
IT MIGHT BE REALISTIC RIGHT NOW
IN THE SHORT-TERM, DEPENDING ON
YOUR CURRENT SEASON OR FINANCIAL
SITUATION BUT AS IN THE
MARATHON, THERE'S MILE MARKERS.
HIT THOSE MILESTONES AND THIS
ONE AND THIS ONE AND PRETTY SOON
YOU'LL BE RAISING YOUR HANDS IN
VICTORY.
I LIKE THAT.
HAVE IT BE AN INEXPENSIVE
CELEBRATION.
THANK YOU SO MUCH.