Cash Management – Medinah, Illinois
Folks typically ask themselves, how can I earn more money? Not often do they realize that proper cash management can go a long way to building riches. We have all heard it before, right, a penny saved is a penny earned; well let's take a different view on that idea. Let's imagine, the less money you need to earn the more you can make, and quicker too. This is applicable to anybody in any business.
One of the best secrets we've discovered about millionaires is that they do not thoughtlessly spend away their bundle of money on frivolities. Spending always comes after calculation. Right after carefully deducing the value, rivals prices/options, intrinsic value if any of having the item, and timing. Solely then is a purchase made. Very different compared to the wanton spending which is commonly associated with the rich!
These same ideas can easily and should 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 routines. For example, how do you expect to gain financial ground if you can't even recite your present available checking balance? Or even tell us what, exactly, your monthly bills total? These are generally 2 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. Most of us can do without a cable bill and definitely could use that extra money. But how many do? For the individual genuinely determined to take action and learn how to make more money then these basic sacrifices are not too much to ask at all. After all, it is only temporary.
The very first major question you need to ask yourself is, what is it I would like most? If money 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 food or could I buy 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 will be happy to help you!
