Cash Management – Prospect Heights, Illinois
Folks often ask themselves, how can I bring in more cash? Rarely do they recognize that proper cash management can go a long way to creating money. Most people have heard it before, right, a penny saved is a penny earned; well let's take a different perspective on that concept. Let's imagine, the less cash you need to earn the more you can make, and quicker too. This applies to anyone in almost any business.
One of the biggest secrets we've discovered about millionaires is they don't thoughtlessly spend away their lot of money on frivolities. Spending always comes after calculation. Right after carefully deducing the value, competitors prices/options, intrinsic value if any of having the item, and timing. Only then is a purchase made. Very different compared to the wanton spending that is generally associated with the rich!
These same principles can easily and should be applied to your very own accounts before any considerable considerations of creating great wealth can be made. GC Financial Advisors Ltd. challenge everyone that asks for financial advice to first and foremost gain absolute and exact power over their accounts and spending behaviors. 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 two of the most basic examples of information you must constantly know.
After you have this information, you can begin to work on cutting expenditures, erasing all unneeded costs, and getting rid of as many regular bills as possible. This takes compromise, dedication, and honesty. Most of us can live without a cable bill and certainly could use that extra cash. Yet 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 just temporary.
The very first significant 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, so what can I live without? Do I really need the latest greatest smart-phone and data plan? Do I really need to buy prepared meals or could I purchase 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 do not hesitate to contact us at any time and we'll be glad to help you!
