Today’s guest is Alissa Maizes. Alissa is a fee-only financial planner whose mission is increase financial literacy and help people simplify their finances.
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Alissa is a Financial Planner and the Founder of Amplify My Wealth, as a Fee-only Fiduciary Investment Advisor, whose mission is to increase financial literacy, help people simplify their finances and empower people with a financial plan. Though no longer practicing, Alissa is also a licensed attorney. She is also the mother to two kids, 21 yrs old and a soon-to-be 19 yr old and currently resides in Boca Raton, Florida.
- What life experiences led Alissa to pursuing her change in career to a Financial Planner
- How her grandmother’s mindset and experiences had a huge impact on Alissa’s money mindset growing up
- Alissa’s resourcefulness mindset in earning money
- Alissa’s experience in raising millions working for a not-for-profit
- Strategies and examples of how parents can develop their kids money mindset around giving and helping others
- How parents can develop their kids mindset on gratitude
- Strategies to help kids build long-term saving with the goal of going to college/university
- How creating a wishlist creates delayed gratification and gratitude
- Strategies on what parents can do to teach their kids about financial self-confidence and control
- The matching strategy parents can use to incentivize their kids to save
- The importance of being intentional and honest about money and doing it at an age-appropriate level
- Alissa’s experiences dipping into their family’s emergency fund and how being open and honest with their kids helped create the necessary buy-in and developed greater awareness and intentionality with their spending
- How teaching our kids to invest can amplify their wealth
- How mutual funds or ETFs are a better choice for helping our kids invest
- A gift-giving idea through investments for hard to buy-for-kids, based on your children’s favourite things
- Why it is important to ensure we take care of our finances first, rather than giving away money to our kids
- What does it really mean to be a fee-only fiduciary and why are the benefits of working with one
- Compound Interest Calculator
- Mom and Dad, We Need to Talkby Cameron Huddleston
- Stacked: Your Super Serious Guide to Modern Money Management by Joe Saul-Sehyand Emily Guy Birken[Amazon Affiliate link]
- A Chair for my mother by Vera Williams
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Thanks to Alissa for joining me this week!
In case you missed it, make sure to catch up on last week’s episode “Episode 022: Creating the Next Generation of Young Investors with James Fletcher”!