Cash Management – Highwood, IL
Folks typically ask themselves, how can I bring in more cash? Seldom do they recognize that proper cash management can go a long way to creating money. We've all heard it before, right, a penny saved is a penny earned; well let us take a different view on that concept. Let's say, the less money you need to earn the more you can make, and faster too. This applies to anyone in almost any business venture.
One of the greatest secrets we have discovered about millionaires is that they don't thoughtlessly spend away their bundle of money on frivolities. Spending always comes after calculations. Right after carefully deducing the value, competitors 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 which can be generally associated with the wealthy!
These same ideas can certainly and must be applied to your very own accounts before any serious considerations of gathering fantastic prosperity can be made. GC Financial Advisors Ltd. challenge everyone that asks for financial advice to first and foremost gain absolute and precise control of their accounts and spending behaviors. For example, how can you expect to gain financial ground if you can't even recite your current available checking balance? Or tell us what, exactly, your monthly bills total? These are two of the most basic examples of information you must constantly know.
After you have this knowledge, you can start to work on cutting expenses, erasing all needless costs, and removing as many monthly bills as you possibly can. This takes sacrifice, commitment, and honesty. Many of us can do without a cable bill and definitely could use that extra cash. Yet how many do? For the person genuinely motivated to take action and learn how to make more money then these straightforward sacrifices are not too much to ask at all. After all, it is just temporary.
The first significant question you need to think about is, what is it I would like most? If cash is your honest answer, then the next question to ask is, what can I do without? Do I really need the latest greatest smart-phone and data plan? Do I really need to purchase prepared meals 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 info about cash management, regardless of your age, please do not hesitate to contact us at any time and we'll be glad to help you!
