Cash Management – Park Ridge
People frequently ask themselves, how can I earn more money? Rarely will they recognize that proper cash management can go a long way to building money. Most people have heard it before, right, a penny saved is a penny earned; well let us take a different perspective on that idea. Let's imagine, the less cash you have to earn the more you may make, and quicker too. This applies to anyone in any business.
One of the biggest secrets we have discovered about millionaires is that they do not thoughtlessly spend away their bundle of money on frivolities. Spending generally comes after calculations. After very carefully deducing the value, rivals prices/options, intrinsic value if any of possessing the item, and timing. Only then is a purchase made. Much different compared to the wanton spending which is generally associated with the wealthy!
These same principles can easily and must be applied to your own personal accounts before any serious considerations of acquiring fantastic wealth can be made. GC Financial Advisors Ltd. challenge everybody that asks for financial advice to first and foremost gain absolute and precise control over their accounts and spending habits. For example, how can you expect to gain financial ground if you can't even recite your current available checking balance? Or even tell us what, exactly, your monthly bills total? These are 2 of the most basic examples of facts you must constantly know.
After you have this knowledge, you can begin to work on trimming expenditures, erasing all unneeded costs, and removing as many regular bills as possible. This takes compromise, dedication, and honesty. The majority of us can do without a cable bill and definitely could use that extra money. But how many do? For the person genuinely motivated 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 only temporary.
The very first significant question you have to think about is, what is it I want most? If cash is your genuine answer, then the next question to ask is, what can I do without? Do I really need the newest greatest smart-phone and data plan? Do I really need to purchase prepared food 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 information about cash management, regardless of your age, please don't hesitate to contact us at any time and we'll be happy to help you!
