Cash Management – Lemont
Individuals typically ask themselves, how can I make more money? Seldom do they recognize that proper cash management can go a long way to creating wealth. Everyone has heard it before, right, a penny saved is a penny earned; well let us take a different view on that principle. Let's imagine, the less cash you have to earn the more you may make, and quicker too. This is applicable to anyone in almost any business.
One of the greatest secrets we've discovered about millionaires is that they do not thoughtlessly spend away their lot of money on frivolities. Spending always comes after calculations. Right after very carefully deducing the value, rivals prices/options, intrinsic value if any of having the item, and timing. Solely then is a purchase made. Much different compared to the wanton spending which can be generally associated with the rich!
These same principles may and should be applied to your very own accounts before any serious considerations of acquiring excellent prosperity can be made. GC Financial Advisors Ltd. challenge everybody that asks for financial advice to first and foremost gain absolute and exact control over their accounts and spending practices. For instance, how do you expect to gain financial ground if you can't even recite your present available checking balance? Or tell us what, precisely, your monthly bills total? These are generally two of the most basic types of information you must constantly know.
Once you have this knowledge, you can begin to work on trimming expenditures, erasing all unnecessary costs, and getting rid of as many regular bills as you possibly can. This takes compromise, commitment, and honesty. Many of us can do without a cable bill and certainly could use that extra cash. But how many do? For the person really determined to take action and learn how to make more money then these straightforward sacrifices aren't too much to ask at all. After all, it is just temporary.
The first major question you have to ask yourself is, what is it I want most? If money is your genuine 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 buy prepared food or can I buy more food items and cook it myself at home? Do I really need to buy that 12 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 happy to help you!
