Cash Management – Oak Park, Illinois
Individuals frequently ask themselves, how can I earn more money? Rarely will they realize that proper cash management can go a long way to creating wealth. We've all heard it before, right, a penny saved is a penny earned; well let's take a different view on that idea. Let's say, the less cash you have to earn the more you may make, and faster too. This applies to anybody in almost any business venture.
One of the biggest secrets we have discovered about millionaires is that they do not without thought spend away their lot 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. Much different than the wanton spending that is commonly associated with the wealthy!
These same principles can certainly and should be applied to your very own accounts before any considerable considerations of amassing great wealth can be made. GC Financial Advisors Ltd. challenge everyone that asks for financial advice to first and foremost gain absolute and exact control over their accounts and spending habits. For instance, how can you expect to gain financial ground if you cannot even recite your current available checking balance? Or even tell us what, precisely, your monthly bills total? These are 2 of the most basic examples of information you must constantly know.
After you have this knowledge, you can begin to work on trimming expenditures, erasing all unneeded costs, and getting rid of as many monthly 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 individual truly motivated to take action and learn how to earn more money then these basic sacrifices are not 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 would like most? If cash 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 buy 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 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!
