Cash Management – Bloomingdale
Folks frequently ask themselves, how can I bring in more money? Hardly ever do they recognize that proper cash management can go a long way to creating riches. We have all heard it before, right, a penny saved is a penny earned; well let us take a different view on that principle. Let's imagine, the less cash you have to earn the more you may make, and quicker too. This applies to anyone in almost any business.
One of the biggest secrets we've discovered about millionaires is they don't without thought spend away their bundle of money on frivolities. Spending always comes after calculation. After very carefully deducing the value, rivals prices/options, intrinsic value if any of owning the item, and timing. Only then is a purchase made. Much different than the wanton spending that is generally associated with the rich!
These same principles could and must be applied to your very own accounts before any considerable considerations of amassing great wealth can be made. GC Financial Advisors Ltd. challenge everyone that asks for financial advice to first and foremost gain absolute and precise power over their accounts and spending practices. For example, how do you expect to gain financial ground if you cannot even recite your current available checking balance? Or even tell us what, exactly, your monthly bills total? These are generally 2 of the most basic examples of facts you must constantly know.
After you have this knowledge, you can start to work on trimming expenses, erasing all unneeded costs, and getting rid of as many monthly bills as possible. This takes sacrifice, commitment, and honesty. Most of us can do without a cable bill and definitely could use that extra cash. But how many do? For the person truly determined to take action and learn how to earn more money then these simple sacrifices aren't too much to ask at all. In fact, it is just temporary.
The very first significant question you have to think about is, what is it I want most? If money is your honest answer, then the next question to ask is, what can I do without? Do I really need the latest greatest smart-phone and data plan? Do I really need to purchase prepared meals or could I purchase more food and cook it myself at home? Do I really need to purchase that twelve pack on Friday and watch cable all weekend?
For more info about cash management, regardless of your age, please don't hesitate to contact us at any time and we will be happy to help you!
