If you’re looking for smart ways to save money and invest in your long-term future, these four tips, all from women executives at The National Bank of Indianapolis, will help set you on the path to financial freedom.
JILL H. ROBISCH
VICE PRESIDENT & SENIOR BUSINESS DEVELOPMENT OFFICER, NONPROFIT SERVICES
“Spending for value means knowing when someone other than you is best positioned to take on a task. While we might be paid salaries, knowing your hourly rate can be a helpful benchmark for understanding when you might be better off paying someone else to do a task. Time is money!”
MELISSA R. OLIVER
VICE PRESIDENT & INVESTMENT OFFICER, EMERGING INVESTOR MARKET
“Think of building wealth as a monthly debt obligation. You pay yourself first (ideally saving 10%-20% of income) and then you spend what’s left.”
KERRY A. RITZLER
Vice president, private banking
“Don’t be afraid to ask for help. Surround yourself with a team of experts you can trust.”
BETH W. MCINTIRE
VICE PRESIDENT & SENIOR FIDUCIARY OFFICER/MANAGER, TRUST LEGAL, TAX & ESTATES
“All adults, no matter their age, need estate planning documents that should be reviewed and revised as life changes. With these documents, you retain control by providing instructions about what happens when you aren’t able to act for yourself and by designating who will act for you in the event of illness or incapacity and at death.”
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Stephanie Groves is the Executive Editor of Indy Maven.
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