Celebrate: Financial Wellness with Alex Borgardts and How to Teach Kids to Give Back with Amber Ogle

*** This recording is for educational and entertainment purposes only. It should not be viewed as personalized financial advice and is not a substitute for consultation with your financial representative. Any reference to third-party websites are provided for information purposes only and are not endorsed by CommunityAmerica. Please visit CommunityAmerica.com to learn more about how we can assist you in achieving your Financial Peace of Mind.***

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About Alex Borgardts

Alex is a Wealth Advisor with Wealth Management by Community America.

He helps his clients understand the 'WHY' behind their goals and aspirations.

His goal is to make the financial planning process seamless so that the path to a meaningful life full of freedom, comfort, and peace is clearer and more attainable.

Alex is also an Officer in the Army Reserve and is proud to serve our country.

In his spare time, Alex enjoys going to the lake and barbecuing with his spouse.

About Amber Ogle

Amber Ogle lives in Olympia, Washington, and is a wife and mom to seven kids. She is the founder of the ELGO – Everyday Love Giving with the Ogle's Facebook page. Amber is passionate about teaching her seven children how to give back to the community. She believes in creating a ripple effect by being a go-giver and hopes to impart that quality to her children and others in the community.

Memorable Quotes:

• "A penny saved is a penny earned." - Benjamin Franklin
• "First and foremost, I think an important part of financial planning is making sure that you have the groundwork played and you've got some security."
• "I think the last item that I'd point to is investing in yourself. So, if you have all those financial planning goals, both short and near term in place, you might consider ways that you can add a return on investment in your career or your life in other ways."
• "And I think hope is a vitamin in our life that we need to just keep moving forward."
• "Plant seeds inside your soul that you want more of. It's better than any high you can ever get. I believe it's a high of giving."
• "My mom always said to me when I was young to plant trees that you'll never sit under, do for others without expecting anything in return, because that's just who you are. And that stuck with me as a child."

What You'll Learn:

What to do with a large sum of money and how to integrate your long and short-term financial goals. And learn how to teach your children to give back to their community with a heart full of compassion.

This Episode Includes:

• The first step to financial planning is making sure you have security with an emergency fund.
• The next thing Alex suggests you do is pay off any high-interested debt.
• A few ways to use a large sum of money, like a tax return, include: investing in your child's future, investing in your business, or investing in your career.
• When setting up an emergency fund you want to have enough funds for rent or mortgages, auto payments, utilities, fuel, food, and daycare expenses.
• Alex shares ideas on where to house your money whether it be for short-term use or long-term investment.
• It's important to talk to an advisor when deciding on long-term care and life insurance options.
• It helps to visualize your goals when deciding where and how to spend your money.
• Wealth advisors want to have long-term relationships with their clients.
• When looking for a wealth advisor it's important to find someone who understands your life stage and objectives.
• Amber shares a story about how her family and neighborhood raised $2,500 for people suffering in Ukraine.
• Amber learned how to be a go-giver as a child when one person stepped in to help her family make it through a hard time.
• Hope is an essential nutrient that Amber believes everyone needs in their life.
• In fourth grade, Amber helped one little girl who was teased for her dirty hair and clothes. Supporting that little girl stuck with Amber throughout the rest of her life.
• Each of Amber's children has their own little charities that they create and support each year like the Ogle's Birthday Closet or Sweat Dreams Blankets.
• As a family, the Ogle's create and disperse Thanksgiving in a Basket to those in need in their community.
• Teaching your child how to give back to the community starts by getting them involved and showing them the impact that they can have.

Takeaways From Today's Episode:

1. Set up an emergency fund with three months' worth of expenses.
2. Consider working with a financial advisor to help set long and short-term financial goals.
3. Watch your child to see what they are passionate about.
4. Ask your children how they would like to give back to the community and make their idea come to life.
5. Consider how you can be a go-giver in your community.

Mentioned In The Episode:

• Community America Credit Union
• 30 Years in 30 Days Big Shifts Foundation
• Big Shifts Foundation
• Tess Masters
• ELGO Facebook Page
• Be Good to People