Cash Management – Cicero
People typically ask themselves, how can I make more money? Rarely do they recognize that proper cash management can go a long way to building riches. Most people have heard it before, right, a penny saved is a penny earned; well let's take a different perspective on that concept. Let's say, the less cash you need to earn the more you may make, and quicker too. This is applicable to anyone in almost any business.
One of the greatest secrets we've discovered about millionaires is that they don't without thought spend away their fortune on frivolities. Spending always comes after calculation. Right after very carefully deducing the value, competitors prices/options, intrinsic value if any of owning the item, and timing. Solely then is a purchase made. Very different than the wanton spending which is generally attributed to the rich!
These same concepts may and must be applied to your own personal accounts before any considerable considerations of amassing fantastic wealth can be made. GC Financial Advisors Ltd. challenge everybody that asks for financial advice to first and foremost gain absolute and exact control over their accounts and spending habits. For instance, how can you expect to gain financial ground if you cannot even recite your present available checking balance? Or even tell us what, exactly, your monthly bills total? These are generally two of the most basic types of facts you must habitually know.
Once you have this knowledge, you can start to work on cutting expenditures, erasing all unneeded costs, and getting rid of as many regular bills as you possibly can. This takes compromise, commitment, and honesty. The majority of us can live without a cable bill and definitely could use that extra money. Yet how many do? For the individual genuinely determined to take action and learn how to earn more money then these basic sacrifices are not too much to ask at all. In fact, it is just temporary.
The very first significant question you need to think about is, what is it I want most? If cash is your genuine answer, then the next question to ask is, so what can I live without? Do I really need the latest greatest smart-phone and data plan? Do I really need to purchase prepared meals or could I buy more food and cook it myself at home? Do I really need to purchase 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'll be happy to help you!
