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There are many reasons why a business, whether old or new, may need to borrow. They may need liquid cash to make it through seasonally slow periods, or they may be getting so much business that they need to purchase extra inventory in order to keep up with demand. They may want to relocate, or purchase a second location.
Forty Under 40 Mover and Shaker awards are presented each year to a select group of individuals who have demonstrated both significant community involvement and business excellence. Forty awards may seem like a lot, but so many distinguished professionals from the area are nominated by their colleagues each year, that being selected as one of the final honorees is a great accomplishment. This year I had the honor of receiving one of these awards.
Teaching our children how to budget money today is very different than it was 30 years ago. When I was little, my mom put cash on the kitchen table and separated it into simplified piles: one pile for the house payment, one for the electric and cable bills, one for food, one to save, and then one final pile for what was leftover. This would be the pile we could use for a special activity like going to the movies or maybe a new pair of sneakers we wanted. It was easy to see and understand. We were always told cash was king!
Are you looking to buy a car? Are you getting confused by all of the shorthand vocabulary being thrown around, and all the fine print? You aren’t alone.
I often answer questions about many of these tricky details so I thought maybe it was a good time to spell things out.
Rhinebeck Bank works with dozens of dealers in the Hudson Valley to finance loans for both new and used vehicles. If you are a new loan customer with Rhinebeck Bank, let me first say congratulations on your recent purchase! Buying a car or truck is an exciting event and I hope you have many years of driving happiness. In the next couple of weeks, you will receive a coupon booklet in the mail from us indicating your loan account number and payment amount. However, loan coupons are not the only way to pay your loan with us; the following are different payment options for you to consider:
I’m always out and about in public and often get recognized as “the face” of Rhinebeck Bank’s weekly talk show, “Wake Up with Rhinebeck Bank.” The show features community leaders, business owners, and non-profit organizations, while sharing information that educates the public about our local area and banking.
Once we get past the, “HEY! You’re the person on that show” moment they usually want to learn more about the Bank. The one thing people always want to know is: Why should I bank at Rhinebeck Bank? Here’s what I tell them:
When searching common interview questions, one that often appears is the question “What motivates you”? Articles suggest be honest but keep your audience in mind. That’s good advice because you are on an interview, often making a first impression and ultimately (probably) want the job for which you are interviewing. Some suggested answers are “I am motivated by… the desire to meet a deadline, mentoring others, learning new things”. These are acceptable answers, but don’t really say much. You need to be able to drill down to the real motivation behind the superficial answers.
Everyone struggles with saving money and budgeting to their lifestyles. It is important to know that anyone can successfully get back on track and become financially stable. This may not come easy to some, but there are several tips and tricks you can utilize that will help you start saving money today!
First I would like to start by discussing some of the basics that some of us are already aware of, or have heard before. These are essential to understanding your personal finances.
Far too often as a bank manager, I have come across well educated, savvy, level headed customers becoming victims of scams and fraudulent activity. When hearing of these white collar crimes in the news, we often think, “No way! That’s ridiculous. Who would fall for that?” Unfortunately, some criminals have perfected their craft, and virtually anyone can fall for these scams with the right timing and circumstances. Victims of financial scams often feel vulnerable and depressed due to the psychological effects it can have. It’s an extremely traumatic situation to go through not only due to the financial loss, but the many lingering effects afterwards such as insecurity, trauma, and anger towards one’s self and the criminals who have violated their privacy and trust. There are three prevalent scams that we have seen recently that should be noted. Sometimes being knowledgeable that these types of crimes exist can provide you, as a consumer, with an added layer of hesitation and caution.
The recent passing of the tax reform bill has caused an incredible amount of scrutiny and opinion towards the effects it will have on home ownership. It is during times like these that we need to examine the facts of the new plan, and then reflect on the main benefit of home ownership and the reasons we buy a home.
Let’s start with the facts. In relation to real estate lending and home ownership, there are three main changes to the tax plan to consider:
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