Cash Management – Darien
Folks typically ask themselves, how can I make more money? Not often will they realize that proper cash management can go a long way to creating riches. Most people have heard it before, right, a penny saved is a penny earned; well let's take a different perspective 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.
One of the best secrets we've discovered about millionaires is that they do not without thought spend away their fortune on frivolities. Spending always comes after calculations. After 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 compared to the wanton spending that is generally associated with the wealthy!
These same concepts can easily and must be applied to your very own accounts before any considerable considerations of collecting great wealth 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 habits. For instance, how do you expect to gain financial ground if you can't even recite your present available checking balance? Or even tell us what, exactly, your monthly bills total? These are 2 of the most basic examples of information you must constantly know.
After you have this knowledge, you can start to work on trimming expenditures, erasing all unneeded costs, and getting rid of as many monthly bills as possible. This takes sacrifice, 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 truly motivated to take action and learn how to make more money then these simple sacrifices are not too much to ask at all. In fact, it is just temporary.
The first major question you have to ask yourself is, what is it I would like 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 newest greatest smart-phone and data plan? Do I really need to purchase prepared meals or can 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 information about cash management, regardless of your age, please feel free to contact us at any time and we will be glad to help you!
