Cash Management – Hazel Crest
Individuals typically ask themselves, how can I bring in more cash? Rarely will they recognize that proper cash management can go a long way to developing wealth. We've all heard it before, right, a penny saved is a penny earned; well let us take a different view on that idea. Let's imagine, the less cash you have to earn the more you can make, and faster too. This is applicable to anybody in any business venture.
One of the greatest secrets we have discovered about millionaires is they don't thoughtlessly spend away their lot of money 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. Solely then is a purchase made. Very different compared to the wanton spending which is commonly associated with the wealthy!
These same ideas can and must be applied to your own personal accounts before any considerable considerations of acquiring fantastic 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 behaviors. 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 generally two of the most basic examples of information you must habitually know.
After you have this knowledge, you can begin to work on trimming expenditures, erasing all unnecessary costs, and getting rid of as many monthly bills as you possibly can. This takes sacrifice, dedication, and honesty. Most of us can live without a cable bill and definitely could use that extra cash. Yet how many do? For the person truly determined to take action and learn how to earn more money then these simple sacrifices aren't too much to ask at all. After all, it is just temporary.
The very first significant question you need 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 latest greatest smart-phone and data plan? Do I really need to purchase prepared food or could 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 do not hesitate to contact us at any time and we will be happy to help you!
