“Financial literacy is so low, simply because we do not teach it” with Joseph Polakovic and Jason Hartman

Jason Hartman
Sep 23, 2019 · 11 min read

Financial literacy is so low, simply because we do not teach it. I have long believed there should be a finance 101 course in high school, by the very latest. Even college finance majors talk very little of personal finance basics like a credit card, FICO score, loan underwriting basics, etc. So, the only advice people get along the way is free advice from family and friends. While I’m sure it’s often better than nothing, I don’t believe most people run to ground the advice they are being given. Furthermore, the optimum course of action is often situational dependent and there is a big difference between good advice and great advice. Additionally, the financial objectives we strive for are often skewed. A higher income doesn’t necessarily translate into more wealth. There is an oft repeated quote of, “It’s not what you make, it’s what you keep.” Even this can be narrow sighted. Financial literacy is not something you become fluent in as it’s constantly evolving. Therefore, when most aren’t even taught the basics, it’s much more understandable why so many don’t keep pace.

I had the pleasure of interviewing Joseph Polakovic, the owner and CEO of Castle West Financial in San Diego, CA. Joseph has built his life and career upon his desire to help other protect their dreams and futures. As an undergrad, earning an Accounting degree at the University of Colorado, Joseph had the opportunity to earn a living in his field of study. Under the wing of top financial advisors, he displayed a tremendous amount of natural talent working for a registered investment advisory company, further reinforcing that his chosen career path was ideal for his future. Joseph’s passion to serve and protect runs deeper than financial services, to him it is not a job, it’s a lifestyle. Evident by a four-year sabbatical in the U.S. Marine Corps, including deployments in both Afghanistan and Iraq, Joseph has dedicated his life to protecting the lives of others in the field and in the office.

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Jason Hartman

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Author | Speaker | Financial Guru | Podcast Rockstar

Authority Magazine

In-depth Interviews with Authorities in Business, Pop Culture, Wellness, Social Impact, and Tech. We use interviews to draw out stories that are both empowering and actionable.