Investors Bank's Sr. V.P. Dennis Budinich stressed to students that continuously improving their capabilities can help them achieve their potential in life.
Investors Bancorp Inc. (NASDAQ:ISBC)
STATEN ISLAND , NEW YORK , UNITED STATES OF AMERICA, June 20, 2018 /EINPresswire.com/ — Investors Bank Chief Culture Officer Dennis Budinich recently introduced a financial and life literacy program to students who attend high school on Staten Island. During his presentation, Mr. Budinich encouraged a group of students from Staten Island Tech and New Dorp High School to take responsibility, as young adults, for their personal finances. He also presented concepts for motivated and ambitious people to use in developing and enhancing their capabilities throughout life.
Mr. Budinich heads the culture and development team at Investors Bank, which recently launched a new financial literacy program. The program is aimed primarily at high school students and young professionals. During the presentation he offered three key points:
• Personal education continues well after formal schooling ends
• There is the “pain of regret” and the “pain of discipline”
• Everyone has one or more amazing capabilities.
Mr. Budinich stressed the value of continuous improvement so that an individual can achieve his or her potential in a career, multiple work pursuits, and in life. Over 100 high school juniors and seniors participated in the program, which was a component of the annual Staten Island Economic Development Corporation’s Conference.
In making the point that every person can do something “amazing,” Mr. Budinich showed a video of an artist who handcrafts elaborate sculptures that can balance on the head of a pin. A private collector later paid millions of dollars for the artist’s body of work. Using the artist’s success as an example, Mr. Budinich encouraged the students to find their “amazing” abilities and to cultivate them to create a “personal advantage.”
Mr. Budinich also discussed the concept that he calls the “pain of regret.” He illustrated the “pain of regret” by describing how people feel, later in life, when they realize their lack of adequate retirement savings means they will continue working, usually in low wage jobs, well into their 70s or beyond.
The "Pain of Regret"
Mr. Budinich explained that the “pain of regret” can lead to intense feelings of financial insecurity.
He reviewed the importance of starting early to build a savings nest egg and emphasized the value of saving five-to-ten percent of one’s take-home wages. He encouraged the students to adopt the common practice of spending less than they earn each month. Overspending can leave a person or household with too little savings.
Mr. Budinich described “pain of discipline” in the context of the choices people make about how they use their free time. The “pain of discipline,” he said, comes with the decision to nurture personal growth by reading, rather than spending hours watching television, relaxing with friends, or engaging in social media.
Mr. Budinich advanced the idea that students continue their personal development by spending at least 20 minutes each day reading enriching books. By reading great books, he explained, young adults have a better chance of gaining the knowledge and skills necessary to take charge of their lives.
The presentation concluded with a discussion of the value of being generous by volunteering time to worthy non-for-profit organizations, a practice that will help a person develop leadership skills. Mr. Budinich concluded by stating that “generous hearts prosper,” and rewards often come to those who use their talents to help others.
About Investors Bank
Investors Bank, headquartered in Short Hills, New Jersey, is a full-service community bank that has been serving customers since 1926. With over $25 billion in assets and a network of more than 150 retail branches, Investors Bank delivers personalized services and products tailored to the needs of its customers. Investors Bank’s banking services include complete deposit, loan and cash management products for consumers and businesses.
Investors Bank: Member FDIC and Equal Housing Lender
Investors Bank’s website is www.myinvestorsbank.com, and the Bank can be followed on Facebook and Twitter.
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Source: EIN Presswire