Episode 55: Wealth Building As A Balancing Act

It’s important to save for the future, but also not miss our on life experiences. We discuss keys to wealth building, while balancing short- and long-term goals, in our latest episode of Making Cents of Money. Special thanks to Donovan Sanchez from UIUC’s College of Agricultural and Consumer Economics for joining us! Additional Resources: Previous Making Cents of Money episodes: • Episode 12 – Preparing for Retirement: https://soundcloud.com/idfpr/episode-12-preparing-for-retirement?utm_source=clipboard&utm_campaign=wtshare&utm_medium=widget&utm_content=https%253A%252F%252Fsoundcloud.com%252Fidfpr%252Fepisode-12-preparing-for-retirement • Episode 25 – Choosing a Financial Professional: https://soundcloud.com/idfpr/episode-25-choosing-a-financial-professional?utm_source=clipboard&utm_medium=text&utm_campaign=social_sharing • Episode 33 – Establishing a Vision for Your Life: https://soundcloud.com/idfpr/episode-33-establishing-a-vision-for-your-life?utm_source=clipboard&utm_medium=text&utm_campaign=social_sharing Get Savvy Webinars (Recorded & Upcoming): • Conscious Consumerism: https://youtu.be/W_w2KyodAfA • Investing Basics: https://youtu.be/OuslkX86bGI • Steps to Investing: https://youtu.be/3AYXsYQup-4 • Investing Risks & Rewards (upcoming). Register at https://go.uillinois.edu/getsavvywebinars Retiree Surveys & Wealth Building Stats Sources: • Pew (2021). Pew Retirement Savings Survey of Near and Recent Retirees. https://www.pewtrusts.org/-/media/assets/2021/10/topline-results_near-and-recent-retirees.pdf • Bearden, B. (2022). “Retiree Reflections,” EBRI Issue Brief, no. 561. (Employee Benefit Research Institute., June 16, 2022). https://www.ebri.org/docs/default-source/ebri-issue-brief/ebri_ib_561_retrefl-16june22.pdf?sfvrsn=347a382f_8 • Lucas, L. (2021). No. 522-Why Do People Spend the Way They Do in Retirement? Findings From EBRI’s Spending in Retirement Survey. https://www.ebri.org/docs/default-source/ebri-issue-brief/ebr