In the world of personal finance, Jennifer Roberts, CEO of Consumer Banking at Chase, emphasizes the importance of starting early when it comes to financial management. Roberts attributes her strong financial habits to the lessons she learned from her mother, who taught her the value of saving from a young age. She shares how this early education empowered her to make significant purchases and prioritize saving for the future, leading her towards financial independence.
Gunjan Kedia, Vice Chair of Wealth at U.S. Bank, echoes Roberts’ sentiments, emphasizing the need to incorporate financial wellness routines early on to build a strong foundation for the future. Courtney Mitchell, Head of Consumer Deposit and Payment Products at TD Bank, advises individuals to start with a budgeting exercise to understand their financial inflows and outflows, helping them identify discretionary spending and saving capacities.
Megan Johnson, Chief Marketing Officer at EverBank, discusses the importance of selecting banking solutions tailored to individual needs. Johnson recommends exploring high-yield options with low or no fees, suggesting that digital banks may offer competitive advantages over traditional institutions. Additionally, Shruti Joshi, President & Chief Operating Officer at Facet, emphasizes the significance of seeking professional financial advice early on, ensuring it is from a Certified Financial Planner to guide comprehensive financial planning.
Tanya Van Court, Founder and CEO of Goalsetter, highlights common obstacles individuals face in achieving financial wellness, including false beliefs about building wealth and fear of facing financial missteps. Van Court emphasizes the importance of starting where one is, setting clear goals, and seeking guidance along the journey to financial freedom. The combined wisdom and advice from these experts provide a roadmap for proactive steps towards achieving financial goals and well-being.
Overall, the experts stress the importance of education, early savings, strategic budgeting, selecting the right bank, seeking professional financial advice, and overcoming false beliefs in the journey towards financial wellness. By following their advice and taking proactive steps towards financial management and goal-setting, individuals can navigate the complex landscape of personal finance with confidence and achieve their desired financial outcomes.
