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/ebri_ib_522_spendinretsurv-14jan21.pdf?sfvrsn=a9b73a2f_4
• Killingsworth, M. A. (2021). Experienced well-being rises with income, even above $75,000 per year. Proceedings of the National Academy of Sciences of the United States of America, 118(4). https://doi.org/10.1073/pnas.2016976118
