Skip to main content
EpisodesGuest InterviewSeason 3

Envisioning Your Financial Future: Insights From a Wealth Advisor

Episode 69 | June 4, 2024

Jim Elios, CEO & Founder of Elios Financial and Wealth Advisor join us to discuss the importance of setting boundaries with money at every stage of life. He emphasizes the impact of financial health on relationships, work-life balance, and your overall mental well being.

This episode explores how financial health is critical to success in all avenues of your life and the importance of educating all ages on setting boundaries around money. Listen in your envision your best financial future.


Welcome to “That’s a Hard No”the podcast about learning to say no and set boundaries to live our best lives. 

Follow along with me as we learn from fellow strugglers and experts, so that you too can start saying no without feeling fear, guilt, or FOMO. 


Jim Elios, MBA, ChFC®, CLU®, AIF®, is the founder & CEO of Elios Financial Group, he is a wealth advisor who specializes in comprehensive financial planning and investment management. He loves to help people understand the finance world. He speaks frequently about financial planning issues, the economy, and financial markets. He’s held workshops for companies, government organizations, non-profits, and charity organizations including the Social Security Administration. Listen in as he discusses the many life choices around finances and preparing ourselves and our children for the best money mindsets.
Key Takeaways
[00:03:44] Money and boundaries

  • Learning the basics of money, work, and savings versus value
  • Instilling the mindset of earning – chores, encouraging working part time as they get older, allowances

“I’ve had the difficult conversation with one of my daughters who is summa cum laude, entering biomedical engineering, and she could have done it for half the cost and half the distance, but it’s not about the price, it’s about the value”

[00:06:35] Setting healthy boundaries around money

[00:09:16] Teaching kids financial responsibility

“The only time you should be looking in someone else’s rice bowl is to make sure they have enough.”

“What’s your true value? You’ve got to find that out. You’ve got to find your talent first. You’ve got to find out what you’re good at and what you can offer to this world.”

[00:17:26] The power of savings

“It’s not the having all the things, it’s just having the reserves, knowing that I have choices in life, and that’s having options, and that’s super empowering psychologically.”

“You know, we don’t make decisions about money in a vacuum. We’re not algorithms. We’re not robots. You know, we make them as emotional beings.”

[00:21:13] Teaching kids about responsibility

  • Helping our children learn about costs, independence, investing

[00:28:28] The magic of compound interest

“So needs and wants. I feel like we could very easily judge people for what they consider is a need and we might consider as a want.”

[00:31:40] Saying no to tattoos for Roth IRA

  • Make a small sacrifice for the present to prioritize the future

[00:35:19] Auto savings and budgeting

  • Having some of your paycheck automatically go to savings, that way you aren’t temped and have to decide to move manually.

“You won’t miss it. You will not miss it. Pay yourself first.”

[00:37:52] Three buckets for savings

  • Short-Term Savings: Essential for covering immediate needs and expenses. This includes setting aside money for monthly bills, emergency funds, and other short-term financial goals. By allocating a portion of income to short-term savings, individuals can handle unexpected expenses without dipping into their long-term savings or going into debt.


  • Intermediate Savings: Geared towards medium-term financial goals that may arise in the next three to ten years. I.e. saving for a down payment on a house, funding a child’s education, or planning for a major life event. By consistently contributing to intermediate savings, individuals can ensure they have the necessary funds available when these goals come to fruition.


  • Long-Term Savings: Such as retirement accounts like a Roth IRA, are crucial for securing financial stability in the future. By investing in long-term savings vehicles, individuals can benefit from compounding interest and growth over time. Jim Ilios highlights the significance of starting early with long-term savings to take advantage of the time value of money and secure a comfortable retirement.


“longer term needs less money than the short term because you have the time to grow it.”

Where to Find Jim
Credits and Thanks
  • Many thanks to our friends and families (our “villagers”) for listening, and for your continued support.
  • That’s a Hard No is a production of Clever Girl Marketing
  • Marketing and Production Coordinator, Maura Del Rosario
  • Production Support, Evergreen Podcasts, Noah Foutz, Producer
  • New Rock Anthem Music: Written by Noah, and performed by his band, The Big Leagues
  • Videographer, Kae Holmberg