Why Investing Matters.

This month’s blog post we are speaking with MaryKay Hrdina, of Edward Jones and the President of PEP ( Plainfield Executive Professionals). Because April is Financial Literacy awareness month we decide we wanted to talk about Investing.

MG: Thank you for speaking to me today MaryKay.

MKH: It’s my pleasure.

MG: How do you get started in finance?

MKH: I actually started working at a bank when I was in high school, and that set me on the road to pursue a degree in accounting. I worked at a large international transportation company as a financial controller, that allowed me to get my MBA. When it was time to make a change, a financial advisor was something I was definitely interested in. I had pursued the opportunity earlier in my career, but I was a single mom and was not comfortable being 100% commission. That is now one of my biggest regrets, not starting this career earlier. But once my kids were older I decided it was time for me to go for it, It has been the best decision.

MG: What's the best advice you could give to someone who wanted to be in your field?

MKH: The best advice I could give…. I think one of the best things about this field is that you're constantly going to be learning and it's always new. The other is you just have not to take it personally. People get stressed about their money. I make a point to educate my client on market volatility.,Then when the markets are down, like in December, they do not stress about it because they understand it is part of the cycle. I would say my advice is to be resilient, proactive and keep in touch with your clients and educate them.

MG: That's excellent advice. Okay, this month is financial literacy month what are three things that everyone needs to know about investing.

MKH: That is a great question. First, it is always to pay yourself first. I think that's the most important thing we can do. Most of us want to wait to see what's left at the end of the month before putting money into savings. Always pay yourself first (put money away and leave it there). Our spending tends to grow with our income. Do not attach your savings account to your checking account. Make it harder to transfer money between accounts. Your savings should not be used as overdraft protection. and everyone should have savings for emergencies. You have to look at it as an investment, and you need to make money on it. Second, is to make sure you're putting into your 401k at a higher percent then what your company is matching. It’s your money, and you need to invest in yourself. When I lived as a single mom, I was living paycheck-to-paycheck, but I never stopped my 401k contributions or savings contributions, and I never borrowed from my 401K. There were times I didn't have enough, but I still put the money in, and I just had to change my spending. The third is "Just do it!" Don’t wait, start now.

MG: I think that's one of the best points, really it’s about getting started now. That's great advice. Last question: What are the benefits of joining our leads group?

MKH: The benefit of joining our leads group RELATIONSHIPS. The relationships your building are so meaningful. The personal relationships and the ability to refer to someone that I have some confidence in is critical because we meet and we get to learn about each other, and our businesses make it impactful. The referrals of people that you get to know and that you can trust to take care of your friends or clients is a big thing.

MG: Thank you for doing the interview today.

MKH: You're welcome.

Thank you, MaryKay, for your time and this interview with great advice we all need. If you'd like to learn more about Edwards John and what MaryKay’s team can do for you click on her picture to go to her website. Our next blog post will be about Morgage Leading with Mike Montgomery. Want to join us. Click on Join us for your complimentary ticket to our Thursday meeting. Your first breakfast is on us.

MKH: I actually started working at a bank when I was in high school, and that set me on the road to pursue a degree in accounting. I worked at a large international transportation company as a financial controller, that allowed me to get my MBA. When it was time to make a change, a financial advisor was something I was definitely interested in. I had pursued the opportunity earlier in my career, but I was a single mom and was not comfortable being 100% commission. That is now one of my biggest regrets, not starting this career earlier. But once my kids were older I decided it was time for me to go for it, It has been the best decision.

MG: What's the best advice you could give to someone who wanted to be in your field?

MKH: The best advice I could give…. I think one of the best things about this field is that you're constantly going to be learning and it's always new. The other is you just have not to take it personally. People get stressed about their money. I make a point to educate my client on market volatility.,Then when the markets are down, like in December, they do not stress about it because they understand it is part of the cycle. I would say my advice is to be resilient, proactive and keep in touch with your clients and educate them.

MG: That's excellent advice. Okay, this month is financial literacy month what are three things that everyone needs to know about investing.

MKH: That is a great question. First, it is always to pay yourself first. I think that's the most important thing we can do. Most of us want to wait to see what's left at the end of the month before putting money into savings. Always pay yourself first (put money away and leave it there). Our spending tends to grow with our income. Do not attach your savings account to your checking account. Make it harder to transfer money between accounts. Your savings should not be used as overdraft protection. and everyone should have savings for emergencies. You have to look at it as an investment, and you need to make money on it. Second, is to make sure you're putting into your 401k at a higher percent then what your company is matching. It’s your money, and you need to invest in yourself. When I lived as a single mom, I was living paycheck-to-paycheck, but I never stopped my 401k contributions or savings contributions, and I never borrowed from my 401K. There were times I didn't have enough, but I still put the money in, and I just had to change my spending. The third is "Just do it!" Don’t wait, start now.

MG: I think that's one of the best points, really it’s about getting started now. That's great advice. Last question: What are the benefits of joining our leads group?

MKH: The benefit of joining our leads group RELATIONSHIPS. The relationships your building are so meaningful. The personal relationships and the ability to refer to someone that I have some confidence in is critical because we meet and we get to learn about each other, and our businesses make it impactful. The referrals of people that you get to know and that you can trust to take care of your friends or clients is a big thing.

MG: Thank you for doing the interview today.

MKH: You're welcome.

Thank you, MaryKay, for your time and this interview with great advice we all need. If you'd like to learn more about Edwards John and what MaryKay’s team can do for you click on her picture to go to her website. Our next blog post will be about Morgage Leading with Mike Montgomery. Want to join us. Click on Join us for your complimentary ticket to our Thursday meeting. Your first breakfast is on us.

April Is Financial Literacy Month - Why does that matters?

Welcome to the Inside Scoop. April is Financial Literacy Month and a great time to focus on financial education. A lack of financial preparedness been an issue in our country for years. We as a country don’t invest enough; we don’t understand mortgage structures, taxes and the real cost of health care. There is a need for an understanding that everyone is responsible for their financial freedom and how to attain.

Our next two postings will be from members that are experts in some parts of finance.