Cash Management – Oak Park
Folks frequently 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 us take a different view on that idea. Let's imagine, the less cash you need to earn the more you may make, and faster too. This applies to anybody in any business venture.
One of the best secrets we've discovered about millionaires is they do not without thought spend away their lot of money on frivolities. Spending always comes after calculations. After very carefully deducing the value, competitors prices/options, intrinsic value if any of owning the item, and timing. Only then is a purchase made. Very different than the wanton spending which is commonly associated with the rich!
These same ideas can easily and must be applied to your own personal accounts before any considerable considerations of acquiring excellent wealth can be made. GC Financial Advisors Ltd. challenge everybody that asks for financial advice to first and foremost gain absolute and exact control of their accounts and spending practices. For example, how can you expect to gain financial ground if you cannot even recite your current available checking balance? Or even tell us what, exactly, your monthly bills total? These are generally 2 of the most basic examples of facts you must constantly know.
After you have this knowledge, you can begin to work on cutting expenses, erasing all unneeded costs, and removing as many monthly bills as you possibly can. This takes sacrifice, dedication, and honesty. The majority of us can do without a cable bill and certainly could use that extra money. But how many do? For the individual really motivated to take action and learn how to make more money then these simple sacrifices are not too much to ask at all. In fact, it is just temporary.
The first major question you need 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 purchase prepared meals or can I purchase more food and cook it myself at home? Do I really need to purchase that 12 pack on Friday and watch cable all weekend?
For more details about cash management, regardless of your age, please feel free to contact us at any time and we will be glad to help you!
