Cash Management – Highland Park
Individuals typically ask themselves, how can I bring in more cash? Hardly ever do they recognize 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 view on that idea. Let's imagine, the less cash you need to earn the more you may make, and faster too. This applies to anyone in almost any business.
One of the biggest secrets we've discovered about millionaires is that they don't without thought spend away their bundle of money on frivolities. Spending always comes after calculations. Right after carefully deducing the value, rivals 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 which is commonly attributed to the wealthy!
These same principles could and should be applied to your very own accounts before any serious considerations of acquiring great prosperity can be made. GC Financial Advisors Ltd. challenge everybody that asks for financial advice to first and foremost gain absolute and precise power over their accounts and spending routines. For instance, 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 types of information you must constantly know.
After you have this information, you can start to work on cutting expenses, erasing all needless costs, and getting rid of as many regular bills as possible. This takes compromise, commitment, and honesty. The majority of us can live without a cable bill and definitely could use that extra cash. Yet how many do? For the individual genuinely determined to take action and learn how to earn more money then these simple 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 live without? Do I really need the newest greatest smart-phone and data plan? Do I really need to buy prepared meals 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 information about cash management, regardless of your age, please feel free to contact us at any time and we'll be glad to help you!
