Cash Management – Lansing, Illinois
Individuals frequently ask themselves, how can I make more money? Seldom will they realize that proper cash management can go a long way to creating riches. We have all heard it before, right, a penny saved is a penny earned; well let us take a different perspective on that principle. Let's imagine, the less cash you need to earn the more you can make, and faster too. This is applicable to anyone in any business.
One of the greatest secrets we've discovered about millionaires is they do not thoughtlessly spend away their fortune 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. Solely then is a purchase made. Very different than the wanton spending that is commonly associated with the rich!
These same concepts could and should be applied to your own personal accounts before any serious considerations of creating great wealth can be made. GC Financial Advisors Ltd. challenge everybody that asks for financial advice to first and foremost gain absolute and exact power over their accounts and spending routines. 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, precisely, your monthly bills total? These are two of the most basic types of information you must habitually know.
After you have this information, you can start to work on trimming expenditures, erasing all needless costs, and getting rid of as many monthly bills as you possibly can. This takes sacrifice, commitment, and honesty. The majority of us can live without a cable bill and definitely could use that extra money. But how many do? For the individual really determined to take action and learn how to make more money then these basic sacrifices are not 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 money is your honest answer, then the next question to ask is, so what can I live without? Do I really need the newest greatest smart-phone and data plan? Do I really need to purchase prepared food or could I purchase more food items 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 don't hesitate to contact us at any time and we'll be glad to help you!
