Cash Management – Carol Stream
Folks often ask themselves, how can I earn more money? Rarely do they realize that proper cash management can go a long way to creating riches. We've all heard it before, right, a penny saved is a penny earned; well let us take a different view on that idea. Let's imagine, the less cash you have to earn the more you may make, and faster too. This applies to anybody in any business venture.
One of the greatest secrets we have discovered about millionaires is that they do not thoughtlessly spend away their lot of money on frivolities. Spending always comes after calculation. After carefully deducing the value, competitors prices/options, intrinsic value if any of possessing the item, and timing. Only then is a purchase made. Very different than the wanton spending which can be generally attributed to the wealthy!
These same ideas can and should be applied to your very own accounts before any considerable considerations of acquiring fantastic wealth can be made. GC Financial Advisors Ltd. challenge everybody that asks for financial advice to first and foremost gain absolute and precise power over their accounts and spending practices. For example, how can 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.
Once you have this information, you can start to work on trimming expenditures, erasing all unneeded costs, and removing as many monthly bills as possible. This takes compromise, dedication, and honesty. The majority of us can do without a cable bill and certainly could use that extra money. But how many do? For the person really motivated to take action and learn how to make more money then these simple sacrifices are not too much to ask at all. After all, it is only temporary.
The first significant question you have to ask yourself is, what is it I would like most? If cash is your honest answer, then the next question to ask is, so what can I do without? Do I really need the latest greatest smart-phone and data plan? Do I really need to buy prepared food or can I buy more food and cook it myself at home? Do I really need to buy that 12 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!
