Take a fresh look at your lifestyle.

How to Balance Taking Care of Your Long- and Short-Term Financial Goals

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In this episode, we’re talking about balancing your short-term goals with your long-term goals.

You probably have long-term money goals: You know, the money you’re saving for something that’s years, even decades away, like retirement savings. But you also want money for things that are just weeks or months away, like creating an emergency fund or saving for a vacation.

The trick is finding the right balance, so you can hit both your short- and long-term targets.

And that’s what we’re going to talk about today. Because I want you to be able to have what you want now and what you need later.

Host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Our special guest today is Alissa Maizes, the founder of Amplify My Wealth, a registered investment adviser.

Remember this podcast isn’t financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here.

You can watch this episode on Money Talks News, or if you’d prefer to listen, download the episode wherever you get your podcasts:

Setting financial goals

One of the most important things you can do for your money is to set financial goals. We talk during the episode about short-term and long-term financial goals and the importance of understanding them. But we also have some great articles on Money Talks News about setting goals for different purposes. Check out these resources on setting goals in different situations:

Building wealth while balancing goals

Many of us have goals that revolve around building wealth or setting specific goals like debt reduction. As you balance your short-term and long-term financial goals, it can help to have help in forming good habits to help you build wealth. Here are some of our favorite resources on building wealth as you work toward your financial goals:

Meet this week’s guest, Alissa Maizes

Alissa Maizes
Courtesy of Alissa Maizes / Money Talks News

Alissa is a licensed attorney and registered investment adviser providing women and young adults with financial advice and a plan that embraces the life they want.

Alissa launched Amplify My Wealth to enable you to benefit from receiving financial advice, a financial plan as well as a partner that guides you on your journey to living the life you want. Her approach eliminates the traditional “waiting game” for clients who otherwise would be unable to avail themselves of having a fiduciary financial adviser putting their needs first.

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About the hosts

Stacy Johnson founded Money Talks News in 1991. He’s a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.

Miranda Marquit, MBA, is a financial expert, writer and speaker. She’s been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.

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