Cash Management – Harwood Heights
People frequently ask themselves, how can I bring in more money? Seldom do they realize that proper cash management can go a long way to developing money. We have all 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 money you have to earn the more you may make, and quicker too. This is applicable to anyone in any business venture.
One of the best secrets we have 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 possessing the item, and timing. Only then is a purchase made. Very different compared to the wanton spending that is generally attributed to the wealthy!
These same concepts could and must be applied to your own personal accounts before any serious considerations of gathering excellent wealth can be made. GC Financial Advisors Ltd. challenge everyone that asks for financial advice to first and foremost gain absolute and exact control over their accounts and spending routines. For instance, how do you expect to gain financial ground if you can't even recite your current available checking balance? Or even tell us what, exactly, your monthly bills total? These are two of the most basic types of information you must habitually know.
Once you have this information, you can begin to work on trimming expenditures, erasing all unnecessary costs, and removing as many monthly bills as possible. This takes sacrifice, dedication, and honesty. Many of us can live without a cable bill and certainly could use that extra cash. Yet how many do? For the person really determined to take action and learn how to make more money then these straightforward sacrifices are not too much to ask at all. In fact, it is just temporary.
The very first big question you need to think about is, what is it I would like most? If money is your genuine answer, then the next question to ask is, 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 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 details about cash management, regardless of your age, please feel free to contact us at any time and we will be glad to help you!
