John Kim is currently serving as the Co-Chairman and Co-Founder of Syncis, which is an independent marketing organization that is devoted to serving the needs of the middle class. They bring middle-level income families, small businesses, and individuals together with major insurance and financial institutions in order to provide the services they desperately need. John and his partner Les Schlais believe that the way the financial industry treats the middle class is wrong; they hope to be the example for other firms as they try to not only help those in the middle class protect what’s theirs, but also educate them along the way. Education is the first step to building a trusting professional relationship that lasts for the future.
John Kim of Syncis has been working in the financial industry for a number of years, and he understands that it takes to be successful in the field. In addition to being successful in the financial industry, he also knows what it takes be successful within your personal financial situation as well. Many of his clients benefit from his services because he not only allows them to protect what matters most, but he also educates them on how to stabilize their financial situation and the other services that Syncis provides. Here are some of the biggest mistakes that people make when it comes to their personal financial situation.
The first and most obvious mistake people make when it comes to their finances is unnecessary spending. Unnecessary spending is one of the biggest reasons so many people around the world are in financial debt, and have to seek help from their government. Make sure you have a firm grasp on how much money you make so that you don’t lose sight of your expenditures. Simply making a list of what you spend can help you stay on top of your spending habits. Having your expenses listed out in front of you will also put the financial significance in perspective.
In addition to unnecessary spending, another mistake people make with their finances is spending what they don’t have. This follows from the first mistake listed above, but it’s nonetheless important to note. It is easy to get caught up in the ease of purchasing using a credit card, but it’s just as easy to use that credit card to excess. A lot of people find themselves in financial ruin because they maxed out their credit card, but continued to spend money that they didn’t have. Keep track of what you use your credit card for so that you can make sure you have enough funds for additional purchases.
John Kim Syncis believes that these are two of the biggest mistakes that people make with their finances. In order to be financial stable for the long-term future, avoid making these mistakes and be wise with your purchases.