Hawaiian Financial Federal Credit Union’s Vice President of Electronic and Support Services Hollie Kamai helps us get our financial houses in order by informing us on the importance of wealth building throughout life.  

Tips

Wealth Building - 6:45

• Wealth building is setting aside money for long term goals.

• Income, savings and investments are the three pillars of wealth building.

• It’s always best to start building wealth early in life.

• Remain steadfast in your long term financial goals.

• Inform yourself with the best resources and professional guidance.

How Much to Save - 8:40

• Consistency over time is the most important factor.

• Starting early in life is key.

Rainy Day Funds - 9:25

• Best to have 3 - 6 months expenses saved in a savings account.

• Rainy day funds help protect against unanticipated emergencies.

• Setting aside small amounts adds up over time.

What About Keiki? - 9:50

• Begin teaching the principles of money management as early as possible.

• HIFICU’s Kids Club savings account serves members newborn -12 years old.

• Prizes provide incentive as they grow older.

• Money in an HIFICU savings account earns dividends.

Advantage Savings Account - 11:20

• Offered to HIFICU youth members age 13-22.

• Helps youth establish financial independence.

• Members age 16 and older are eligible for an Advantage Checking account.

• Members age 16 and older are eligible for their first credit card.

Financial Products for All Ages - 11:50

• VIP Money Market Account is a tiered savings account.

• Share Certificates earn higher dividends than a savings account.

Investing - 13:50

• Stay in your comfort zone.

• HIFICU is a good resource to assist your research.

• HIFICU certified financial advisors are available to assist you.

Long Term - 14:40

• Set realistic goals.

• Everyone is different.

• Keeping an emergency fund of 3-6 months expenses is a good rule.

Setbacks - 15:00

• Stay the course when setbacks occur.

• Contribute whatever you can to your savings.

• Start your savings plan as early as possible.

• HIFICU certified financial advisors are available to assist you.

Never Too Late - 15:30

• It’s never too late to start saving.

• HIFICU has individual retirement accounts.

• HIFICU has individual retirement account certificates.

• Everyone wishes they started younger.

• Saving for your future is investing in yourself.

Managing Risk - 17:25

• A Share Certificate is a term selected time deposit.

• A Share Certificate locks in your rate of return.

• Share Certificates are safe investments for the risk averse. 

Budgeting - 19:10

• Managing expenses in an important part of saving money.

• Money not spent can be invested for the future.

Short Term Goals - 20:05

• HIFICU’s Christmas Club Account helps set aside money for the holidays.

• HIFICU offers low interest rate loans for buying a car.

• HIFICU offers low interest rate loans for buying a home.

• HIFICU helps you on your financial wellness journey. 

Final Words of Advice - 21:15

• Set realistic goals.

• Don’t try to do too much too soon.

• Consistently saving a little over a long time is good strategy.

• Income, savings and investments are the three pillars of wealth building.

The “Get Your House in Order” campaign is designed to engage, motivate and educate Hawaii’s ohana to do exactly what it says … help you get your house in order.