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First Step to Earning Wealth: Financial Literacy

Financial literacy

There is a lot of information on the Internet. A lot. How much time do you spend researching financial information while you’re online? If you’re like most of us, it’s probably not at the top of your search history.

But, it’s important to be financially literate. According to the National Financial Educators Council, financial literacy is the ability to use knowledge and skills to manage one’s financial resources effectively for lifetime financial security. Most Americans are not financially literate.

Financial literacy is the first step to earning wealth. At Two Rivers Bank & Trust we want to work with you to actively seek financial literacy and security.

Eric Benne, Vice President and Trust Officer at Two Rivers, said financial literacy is something that must be sought. If you’re looking for information from a reputable financial source, he suggests the Office of the Comptroller of the Currency. Their Financial Resource Center is full of great information.

“Probably the biggest assumption is that you do not need to review your statements and be actively involved in your accounts,” he explained.

There are many people who give 100% management authority to a trust officer or financial advisor, and that’s completely normal. Benne said even then you should still review your statements.

“Your financial goals, needs, risk tolerances, etc. all change over time and being aware of your investments will allow you to adjust accordingly,” he said.

The financial advisors at Two Rivers are always here to answer questions you have about your finances. “We help customers become more financially literate by providing accurate and easy to understand statements,” Benne explained. “The relationship works best when customers are looking over their statements and are willing to come in to talk with us. We really enjoy that!”

By signing up for our electronic statements, you can more easily view and store your statements online and access your account information from any computer.

If you have questions or concerns about your statements, come see us. As your neighbor, we make you a priority!