Union Strong: NJSPBA Voices Podcast
Welcome to "Union Strong: NJSPBA Voices Podcast", the official podcast of the New Jersey State Policemen's Benevolent Association (NJSPBA). Hosted by Vinny Rizzo, State Delegate from Local #217, this podcast delves into the critical issues, untold stories, and key initiatives impacting our brave men and women in blue.
Join us as we engage in candid conversations with law enforcement professionals, union leaders, and community stakeholders to explore the challenges and triumphs of policing in our state. From discussions on policy changes and labor rights to personal stories of heroism and resilience, and everything in between, " Union Strong: NJSPBA Voices Podcast" offers a behind-the-scenes look at the lives of those who protect and serve.
Stay informed, stay connected, and stand with us as we work to support our officers and build stronger, safer communities. Tune in every week for new episodes and join the conversation. Your voice matters. Together, we can make a difference.
Union Strong: NJSPBA Voices Podcast
Episode 35 - Financial Fitness 101 for Law Enforcement Officers
In Episode 35 of the Union Strong: NJSPBA Voices Podcast, host Vinny Rizzo engages in a critical conversation with Jim Kompany, chairman of the PFRS Investment Council, about the importance of financial fitness for law enforcement officers. The episode covers essential topics such as budgeting, managing expenses, creating emergency funds, and making smart investment decisions. Jim shares valuable insights on setting financial goals, managing credit card debt, and leveraging union resources, including the newly formed PBA Federal Credit Union. This episode serves as a practical guide for officers to take control of their personal finances and ensure a secure future.
00:00 Introduction and Guest Introduction
00:58 The Importance of Financial Fitness
03:37 Starting with a Budget
04:03 Recording on Location
04:35 Breaking Down Expenses
07:15 Daily Habits for Saving Money
12:00 Credit Card Mistakes and Solutions
14:23 Paying Down Debt vs. Building Savings
15:56 Union Financial Resources
16:27 Union Benefits and Financial Resources
17:54 Seeking Professional Financial Advice
20:57 Understanding Emergency Funds
21:49 Retirement Planning for First Responders
24:48 Investing vs. Saving: Key Differences
25:40 Types of Investments: Stocks, Bonds, and Mutual Funds
31:29 The Importance of Financial Discipline
33:20 Conclusion and Final Thoughts
Music from #Uppbeat (free for Creators!):
https://uppbeat.io/t/matrika/smack-that
License code: PTGWR5IW4AEJUPMJ
