Cash Management – Golf
People often ask themselves, how can I make more money? Seldom will they recognize that proper cash management can go a long way to building wealth. 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 imagine, 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 biggest secrets we've discovered about millionaires is that they don't thoughtlessly spend away their fortune on frivolities. Spending generally comes after calculation. After very carefully deducing the value, competitors prices/options, intrinsic value if any of possessing the item, and timing. Only then is a purchase made. Much different compared to the wanton spending that is commonly attributed to the rich!
These same ideas could and should be applied to your very own accounts before any considerable considerations of collecting fantastic prosperity can be made. GC Financial Advisors Ltd. challenge everybody that asks for financial advice to first and foremost gain absolute and precise control over their accounts and spending behaviors. For example, how do 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 2 of the most basic examples of facts you must habitually know.
Once you have this information, you can start to work on trimming expenditures, erasing all unneeded costs, and removing as many regular bills as you possibly can. This takes sacrifice, dedication, and honesty. The majority of us can do without a cable bill and certainly could use that extra cash. But how many do? For the individual truly determined to take action and learn how to earn more money then these straightforward sacrifices are not too much to ask at all. In fact, it is just temporary.
The very first major question you have to ask yourself is, what is it I would like most? If money 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 could 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 information about cash management, regardless of your age, please don't hesitate to contact us at any time and we will be glad to help you!
