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Financial Advisor Jude Offiah Discusses Essential Tips for Financial Planning

·3 min read

Financial advisor Jude Offiah recently discussed his most essential tips for financial planning.

OKLAHOMA CITY, OK / ACCESSWIRE / January 5, 2021 / Jude Offiah has been in the financial services field for nearly three decades. He's known for the high level of service and knowledge he brings to his clients -- always keeping their financial best interest at the forefront. Recently, Jude Offiah offered his expertise to anyone interested in learning more about financial planning success. The following are some of his most essential financial tips.

"I take a lot of pride in helping people reach their financial goals," Jude Offiah said. "I'm always grateful and eager to be able to share my knowledge."

Jude Offiah explained that one of his top tips is one of the most basic. A person must spend less than what they earn. However, he added that in order to earn more than you spend, you must be making what you're worth. Jude Offiah encourages everyone to take a step back and look at what they're earning at their current job. He explained that being underpaid can drastically impact your savings over the course of your lifetime.

"A major financial goal is to get ahead and be able to put some money aside for retirement, a child's education, or other major expenses," Jude Offiah said. "However, you'll absolutely never get ahead if you continue spending more than you're earning."

That led Jude Offiah to the topic of budgeting. He expressed the importance of creating a budget and sticking to that budget, no matter what your income bracket may be. Jude Offiah added that creating a budget and realistic financial goals with a qualified financial advisor can lead to even more success.

"Pay off debts whenever possible," Offiah said. "Credit cards are especially dangerous, as it's easy to lose track of what you've spent, and those amounts add up quickly."

Jude Offiah explained that reducing debt as much as possible will allow for more financial freedom, including more opportunities to save and invest. Paying your credit cards off before the due date is an essential part of financial discipline and reaching your financial goals.

Additionally, Jude Offiah expressed the importance of contributing to a retirement plan as well as investing when possible. He explained that if your employer offers a 401(k) plan, they may match the amount you contribute toward it, maximizing your benefits even more. However, those without employee retirement plans should consider speaking with a financial advisor about an IRA.

"The most important part of financial planning is to hold yourself accountable," Jude Offiah said. "A clear budget and savings plan that you've developed with a financial advisor can help you see your financial flaws and fix them for a more financially stable future."

CONTACT:
Caroline Hunter
Web Presence, LLC
+1 7865519491

SOURCE: Jude Offiah



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https://www.accesswire.com/623215/Financial-Advisor-Jude-Offiah-Discusses-Essential-Tips-for-Financial-Planning