Cash Management – Justice
Folks often ask themselves, how can I earn more money? Hardly ever will they recognize that proper cash management can go a long way to developing money. Most people have heard it before, right, a penny saved is a penny earned; well let us take a different perspective on that concept. Let's say, the less cash you have to earn the more you can make, and quicker too. This applies to anybody in almost any business venture.
One of the biggest secrets we've discovered about millionaires is that they don't thoughtlessly spend away their bundle of money on frivolities. Spending always comes after calculation. After carefully deducing the value, competitors prices/options, intrinsic value if any of having the item, and timing. Only then is a purchase made. Very different than the wanton spending which is commonly associated with the wealthy!
These same principles may and must be applied to your own personal accounts before any serious considerations of collecting 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 over their accounts and spending behaviors. For example, how can you expect to gain financial ground if you can't even recite your present available checking balance? Or even tell us what, precisely, your monthly bills total? These are 2 of the most basic types of information you must constantly know.
Once you have this knowledge, you can start to work on trimming expenses, erasing all needless costs, and getting rid of 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 money. Yet how many do? For the individual genuinely determined 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 only temporary.
The first significant question you need to ask yourself 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 items and cook it myself at home? Do I really need to purchase that 12 pack on Friday and watch cable all weekend?
For more information about cash management, regardless of your age, please do not hesitate to contact us at any time and we'll be happy to help you!