Dakota Brockmann’s Post

With Enrichment Federal Credit Union, you can receive your paycheck up to two days earlier. That means quicker access to your hard-earned money and more time to plan ahead. We're here to make your life easier every step of the way. Have your check directly deposited into your EFCU account and experience the added benefit of early direct deposits! 💰💪 #EnrichmentFCU #EarlyPayday #FinancialFlexibility

Monday 15 September 2014 Why ‘Independence’ would be Terrible for Scottish Shareholders and the rest of Scotland Lloyds, RBS, HSBC, Shell, Asda... they can’t all be wrong. All these business people would be screaming for Scotland to be independent if it would make them more money. But it will lose them a lot of money, which is why they are speaking out. The most convincing statement for me was from Douglas Flint, chairman of HSBC. You don’t get to be chairman of HSBC unless you know about money. It’s quite amusing to see Alex Salmond tell people that they shouldn’t listen to ‘big oil’. I know who I would rather listen to- people from Shell who are the biggest company in the FTSE, and BP who are worldwide experts in oil. That’s much more believable than the ‘counterpoint’ of view given by the BBC for example, of one man saying “We have good oil resources”. Most of the time, companies don’t like to speak out on political issues, as this could turn some customers against them. However this issue is so important that they are prepared to do it. I’m going to be serious here. As a shareholder, you are a part owner of a business. It is not just some letters on a screen. You have a responsibility to act in the best interests of that business, as long as it does not negatively effect you. And mark my words, it will negatively effect you if Scotland votes ‘Yes’. SSE, Lloyds, RBS, Standard Life... the list goes on and on. They will all fall drastically. Just the speculation from one negative poll was the main cause of SSE dropping more than 2% on Monday the 8th of September. Just imagine what an actual ‘Yes’ vote would do to that share. Lloyds, RBS and Standard Life would all be hit hard- there will be BIG falls across the board. Practically every share will fall if Scotland votes ‘Yes’. Quite a lot of Scottish people won’t care at all about Banks or Financial service companies. They would when it effects their livelihood- the loss of financial service jobs would hurt the whole Scottish economy. So that could be pain in the future for them. It could actually benefit the north of England, where I live, but I’m still writing this. However what would effect everyone directly and immediately is higher food prices. I’ve worked for Asda, which is part of Wall-Mart, one of the biggest companies in the world. I don’t love them as a company at all- they can be very ruthless. But I cannot recall one instance of Asda becoming involved in a political issue. They don’t in general elections. But they have directly said that food prices will be higher if Scotland votes ‘Yes’- it will be so bad for them as a business that they are saying this even though it could offend nearly half of their customers.

#FinancialLiteracyandResilience #TFSA #TaxFreeSavingsAccount #WWNCoop One of the biggest mistakes about the TFSA is NOT owning one! Do you know that the 2024 contribution limit for TFSA is $7,000? Do you know your cumulative TFSA contribution room? Contrary to its name, a TFSA is NOT a Savings Account. It is an INVESTMENT ACCOUNT. Join us to learn more about this often underrated/misunderstood/underused, yet powerful investment vehicle in Canada. #TFSA101 #TFSA #TaxFreeInvestmentAccount #TaxFreeSavingsAccount Interested in learning more about TFSA and different investment vehicles in Canada, and taking action to build healthy financial habits? Join our Financial Literacy, Financial Resilience and Financial Liberation sessions on Friday (#FICOFridays), Saturday (#SusuSaturdays and #CommunityInfoSessions) and Sunday (#SusuSundays), at 7 pm EST | See Bio for Links. We also run tailored financial literacy and resilience sessions for Youth - both online and in person, at organizations and educational institutions. All participants also get an opportunity to join our digital ROSCA+ community savings program, and leverage the power of community, accountability and co-operation in building healthy/sustainable savings habits. "Habits are the compound interest of self improvement." - James Clear. #ficofriday #ficofridays #sususaturdays #sususundays #afrocentric #valuesdriven #powerofcommunity #cooperatives #financialresilience #financialliberation

"If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed." Edmund Burke, economist Click https://lnkd.in/eshTdXQq or come in and see how #BCB can help you hold onto YOUR money. #savings #BankwithBCB #FinancialFreedom #wisewords #wisewordsoftheday

Words can be powerful, at ASC Scotland our favourites are "I'm happy to confirm that the funds have been released by the bank and should be with your bank by the end of work today" Not quite as catchy as "If you see a faded sign by the side of the road that says 15 miles to the..........." but our clients tend to love it anyway. Employee Number 1's favourite words all involve food for some reason. #businessfunding #scottishbusiness #growthopportunities #commercialfunding

Mulling over something Faisel Rahman, founder of Fair Finance said at the Responsible Finance member day earlier this week - that Community Development Finance Institutions (CDFIs) are doing a great job in difficult circumstances. Echoed by Matt Smith at Key Fund Investments who talked about the significant challenges to being able to engage in long term strategic planning, due to the barriers such organisations face in the short term (particularly access to capital). A point made during a discussion on impact earlier in the day was, I think, relevant across both the CDFI and credit union sectors - the expectations around proof of impact for these sectors (either internally or externally generated) are quite different to those placed on mainstream banking institutions. We know CDFIs and credit unions face an uphill battle in scaling to meet the demand for the affordable and ethical services that they're uniquely placed to deliver. Social Investment Scotland set it out squarely in the video that was shown at the member day- there's a need for legislation to make sure mainstream institutions work with community finance providers, so that everyone gets access to the lending, and other banking services, that they need. This is where a Fair Banking Act would come in! #FairBankingForAll

In 2023 1080 ACF borrowers from 26 offices received training about family budget & savings, online fraud, and types of financial pyramids. The project was conducted in partnership with the Financial Market Regulatory and Development Agency and Unified Accumulative Pension Fund. Participants highly appreciated the conducted training sessions and the information provided: 🎯96% highlighted the significance of the chosen topics, 🎯92% mentioned that despite their life experiences, they learned a lot of new information, and 🎯98% expressed interest in attending AСF's training sessions next year. It's worth mentioning that the number of this year's participants was mostly twice as high as last year's. ACF intends to continue such projects to grant more people access to valuable information and improve their financial well-being. #acf #financialliteracy

Did you know that there's no minimum balance required to start your SMSF, and you can even be a member of multiple SMSFs and public funds if you choose. Reach out to us today, and we can take the hassle out of establishing and maintaining your SMSF. #SMSF #selfmanagedsuperfund #retirementgoals #taxstrategies #welovesmsf

You can put your savings to work for you with a good high yield savings account. Right now rates are sitting around 4-5% for most HYSAs, meaning, for every $1,000 you have in savings, it will earn you $40-50/yr. This will help you reach your savings goals faster and help strengthen your emergency fund. My emergency fund covers most all of my small emergencies with its interest alone. 3 things that I look for in an HYSA are: 👉 It’s easily accessible if I need it. 👉 No maintenance or withdrawal fees. 👉 FDIC insured. Make sure to DYOR to find the one that’s right for you. #moneytips #moneymanagement #moneymindset #money #hysa #highyieldsavings #savingstips #moneycoach #financialliteracy

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