Cash Management Services – Hines
Individuals often ask themselves, how can I bring in more money? Rarely do they realize that proper cash management can go a long way to creating wealth. Most people have heard it before, right, a penny saved is a penny earned; well let's take a different perspective on that idea. Let's say, the less cash you have to earn the more you can make, and faster too. This applies to anybody in almost any business.
One of the greatest secrets we have discovered about millionaires is they don't thoughtlessly spend away their bundle of money on frivolities. Spending generally comes after calculations. Right after very 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 than the wanton spending which can be generally attributed to the rich!
These same ideas could and must be applied to your own personal accounts before any considerable considerations of gathering fantastic wealth 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 practices. For instance, how can you expect to gain financial ground if you cannot even recite your current available checking balance? Or tell us what, precisely, your monthly bills total? These are two of the most basic types of information you must habitually know.
Once you have this knowledge, you can begin to work on cutting expenses, erasing all needless costs, and getting rid of as many monthly bills as you possibly can. This takes compromise, commitment, and honesty. Many of us can live without a cable bill and definitely could use that extra cash. But how many do? For the person really 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 very first big question you have to think about is, what is it I want most? If money is your honest 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 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!
