Cash Management – Crestwood
Individuals typically ask themselves, how can I make more money? Hardly ever do they recognize that proper cash management can go a long way to creating money. We've all heard it before, right, a penny saved is a penny earned; well let's take a different view on that idea. Let's say, the less money you have to earn the more you may make, and faster too. This applies to anybody in any business venture.
One of the best secrets we have discovered about millionaires is they don't thoughtlessly spend away their bundle of money on frivolities. Spending always comes after calculations. After carefully deducing the value, competitors prices/options, intrinsic value if any of having the item, and timing. Solely then is a purchase made. Much different compared to the wanton spending which can be commonly associated with the rich!
These same concepts can certainly and should be applied to your own personal accounts before any considerable considerations of amassing great prosperity can be made. GC Financial Advisors Ltd. challenge everyone that asks for financial advice to first and foremost gain absolute and precise control over their accounts and spending routines. For example, how do you expect to gain financial ground if you can't even recite your present available checking balance? Or tell us what, exactly, your monthly bills total? These are 2 of the most basic examples of facts you must habitually know.
Once you have this information, you can start to work on trimming expenses, erasing all unneeded costs, and removing as many regular bills as possible. This takes sacrifice, commitment, and honesty. Most of us can do without a cable bill and certainly could use that extra money. But how many do? For the person truly determined to take action and learn how to earn more money then these straightforward sacrifices aren't too much to ask at all. In fact, it is only temporary.
The first big question you have to think about is, what is it I want most? If cash is your honest answer, then the next question to ask is, what can I do without? Do I really need the newest 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 twelve pack on Friday and watch cable all weekend?
For more details about cash management, regardless of your age, please feel free to contact us at any time and we'll be happy to help you!
