Throughout his career, Joshua Safeek has spent many years developing
and teaching others his hard earned personal finance tips. Here he
offers some of the most important actions and decisions a person can
take to ensure their best financial future.
- Part of gaining financial success is the ability to offer aid to others. This does not mean that a person must be wealthy to contribute time or money to a philanthropic organization. Even if the donor only has a small amount to spare, they should give as much as possible. The act of giving to charity sets a good precedent for the future when individual financial success is greater.
- Having a safety net is crucial to successful personal finance. This protection is usually sought through a form of insurance. A person worth millions or more who does not have insurance is asking for the worst. In the case of an emergency or natural disaster, those funds will be gone with no hope of recovery.
- In order to build strong personal finances, a person must be willing to make a commitment to saving their money. They also must choose to invest their money wisely. Without the ability to save money, personal wealth cannot grow.
- Every person should learn about their own finances and be an active part in the decision-making process. While hiring an outsider to handle the intricacies of funds is often wise, this does not mean that the person should remain ignorant to the systems and structures in place says Joshua Safeek.
