How to Balance Short-Term vs. Long-Term Financial Goals | Money Instructor

Learn how to balance and prioritize between short-term and long-term financial goals, laying a foundation for a stable and independent financial future.

A lesson on setting and prioritizing financial goals. In this video, viewers will explore the importance of balancing short-term and long-term financial goals to lay a strong foundation for financial stability and independence. The discussed topics include defining short-term and long-term goals, providing real-world examples of each. Learn the step-by-step process of assessing your financial situations, listing, categorizing, prioritizing goals, and developing actionable plans to achieve them. Strategies such as creating budgets, allocating income, and utilizing appropriate financial tools like high-yield savings accounts or tax-advantaged accounts like IRAs or 401(k)s are covered to facilitate understanding of the route to financial freedom. Building Wealth 101.

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https://youtu.be/Duxo4xXeMec

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Money Instructor is the leading source for financial education and skills development. For over two decades, we have been assisting educators, students, parents, and others in teaching and learning about money skills, personal finance, money management, investing, business, and career development. We provide resources and tools to help teachers, parents, and institutions teach these crucial skills to young people. By doing so, we also aim to reinforce basic math, reading, vocabulary, and other fundamental skills that are essential for success in life.
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Money Instructor does not provide tax, legal or accounting advice. This material has been prepared for educational and informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors regarding your own situation. Although the information has been researched and vetted beforehand, it may not be current at the time of viewing.

Видео How to Balance Short-Term vs. Long-Term Financial Goals | Money Instructor канала Money Instructor