Cash Management – Orland Park
People typically ask themselves, how can I make more money? Rarely will they recognize that proper cash management can go a long way to developing wealth. Everyone has heard it before, right, a penny saved is a penny earned; well let's take a different perspective on that idea. Let's imagine, the less cash you need to earn the more you can make, and faster too. This applies to anyone in almost any business venture.
One of the best secrets we've discovered about millionaires is they do not thoughtlessly spend away their fortune on frivolities. Spending always comes after calculations. After very carefully deducing the value, rivals prices/options, intrinsic value if any of possessing the item, and timing. Solely then is a purchase made. Very different than the wanton spending which can be generally associated with the rich!
These same ideas may and must be applied to your own personal accounts before any considerable considerations of amassing excellent wealth 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 behaviors. For instance, how do you expect to gain financial ground if you cannot even recite your current available checking balance? Or tell us what, precisely, your monthly bills total? These are 2 of the most basic examples of facts you must habitually know.
After you have this information, you can begin to work on cutting expenses, erasing all unneeded costs, and removing as many monthly bills as possible. This takes sacrifice, commitment, and honesty. The majority of us can live without a cable bill and definitely could use that extra money. Yet how many do? For the person really determined to take action and learn how to make more money then these simple 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 want most? If cash is your honest answer, then the next question to ask is, what can I live 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 and cook it myself at home? Do I really need to buy 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'll be happy to help you!
