Skip to main content
About Us |
resource center |
Contact Us |
Do you remember your first job as a teenager? The happiness you felt at earning your own money and the freedom to pay for things yourself? Today, teens between the ages of 13 and 18 are most likely to babysit, mow lawns, or perhaps even have their own businesses on eBay or other sites. I know quite a few young entrepreneurs who make money by selling homemade doggie treats, glitter slime, and even buying sneakers and selling them online at a profit! Teenagers are finding new and interesting ways to earn money, so how can we help teach them to use that money wisely?
Fall in the Hudson Valley is one of the most beautiful times of year! There are so many fun things to do and we want to share them with you!
I get asked this question quite often when speaking with the public and it is a great question. In fact, sales people typically have a 30 second “elevator” speech prepared as a response when asked about the company they work for. In my opinion, as a Rhinebeck Bank Branch Manager, there is not an easy 30 second, answer I can give, and I’d like to tell you why.
(Not when working on your down payment and closing costs!)
Hopefully the vast majority of prospective home buyers know that they do not need a large down payment to purchase a home. There are a variety of low down payment programs including a few 100% financing options. But even with low down payment options many borrowers still need some help. One way to help is through the use of “Gift Funds”.
I had the honor of visiting the 9/11 Tribute Museum in Manhattan this past week. Mark Malone, VP Area Sales leader and I traveled down to film our 9/11 Tribute episode of Wake Up with Rhinebeck Bank. This experience was extremely moving. We saw artifacts from the tragic event, learned about 9/11 and heard from survivors. These survivors had so much to share.
Last year Rhinebeck Bank started a Mentor Program for our employees. The goal was to attract quality new hires, develop leaders within our organization, and retain high-potential employees. We are happy to say that we recently rolled out our second class of Mentors/Mentees, and have more than 50 employees participating in this very well received program.
A Mentor Program pairs a more experienced professional with a less experienced individual. The focus of the mentor/mentee relationship is to support the growth and development of the mentee, with the mentor being a source of support, insight and knowledge.
In a previous blog I wrote I asked the question, "will brank branches disappear?" In that blog I made the following statement:
“As a local Community Bank, we see the importance of locations where our customers can conduct business with a financial professional, whether it is a simple cash transaction with a teller or a complex transaction where a face to face meeting with a Banker would be helpful.”
When exactly is the right age to start teaching children about money? My opinion is that it’s really never too early to start! In fact, the earlier you can start to talk to kids about money, the more those lessons will stick with them as they grow up. Here are some great tips to help kids as young as three or four start to understand the importance of money:
According to the FBI’s Internet Crime Complaint Center (IC3) between October 2013 – May 2016 there were 15,668 domestic and international victims of BEC. The combined exposed dollar amount losses of these crimes totaled $1,053,849,635.
Should you co-sign for someone if they ask you? Well… you really need to think long and hard about this and make sure you’re ready and able to take on that responsibility. People often get confused when they hear the term co-sign. Sometimes people think they are not really responsible for the debt; they think they are merely helping someone out. Make no mistake; if you co-sign a loan for someone, it is exactly the same as if you borrowed the money yourself! By co-signing on a loan you are accepting full responsibility for payment of that loan, including late charges and any fees associated with collecting the debt.
USA Patriot Act
®2019 Rhinebeck Bank. All rights reserved.