We are all just one crisis away from financial ruin

During this season of giving thanks, it is fitting to take a few moments to reflect on the events of the past year and count our blessings. Many of us are fortunate to enjoy good health, a loving family, supportive friends and the financial stability to face the New Year with excitement and optimism. Despite this good fortune, it is sobering to realize that we are all just one crisis away from financial ruin.

Sadly, for some members of our local community the holidays are a reminder of the deficits in their lives and the uncertainty that comes with financial instability. Families live with the burden of worrying about how they will make ends meet, let alone establish an emergency fund, save for retirement, or repay student loans. It is nice to know that they do not have to face these challenges alone. Dedicated to the mission of helping people build financial well-being, Financial Pathways of the Piedmont has been the go-to agency for trusted financial education and coaching for the past 45 years.

2017 has been a year of growth and transition for Financial Pathways. Despite an improving economy, we have seen the lingering effects of the foreclosure crisis and chronic unemployment that make homeownership elusive for so many area residents. Student loan debt continues to threaten t he asset-building potential of young professionals. Seniors fall prey to increasingly sophisticated fraud schemes that rob them of the ability to age in place. Having served over 5,000 unique clients facing range of financial challenges, FPP has impacted the lives of 15,000+ family members this year as well as the neighborhoods and communities that we share.

Earlier this year, the agency moved to a new office location at the intersection of Northpoint Boulevard and University Parkway in Winston-Salem that enables the team to better our clients. In December, our board year will conclude marking a change in board leadership. I am pleased to announce that in 2018 Lynn Thrower, a retired executive from Wake Forest Baptist Medical Center, will become the new board chair, a position she help 16 years ago. Given the passion and experience she brings to this role, I have no doubt that she will lead Financial Pathways of the Piedmont to even greater accomplishments in the future.

In closing, I invite you to participate in our Giving Tuesday fundraising effort as a way of paying forward the many blessings you enjoy. Thank you for your continued partnership and support of Financial Pathways as we improve the financial well-being of everyone in our community.

Wishing you a safe and enjoyable holiday season.

Lori K. Timm

Chair, Board of Directors