Cash Management – Romeoville
Folks frequently ask themselves, how can I bring in more cash? Rarely do they realize that proper cash management can go a long way to creating wealth. Most people have heard it before, right, a penny saved is a penny earned; well let's take a different view on that principle. Let's imagine, the less money you have to earn the more you may make, and faster too. This applies to anybody in any business venture.
One of the biggest secrets we have discovered about millionaires is they do not thoughtlessly spend away their fortune on frivolities. Spending always comes after calculation. After carefully deducing the value, competitors prices/options, intrinsic value if any of owning the item, and timing. Solely then is a purchase made. Much different compared to the wanton spending which can be commonly associated with the wealthy!
These same ideas can and should be applied to your own personal accounts before any serious considerations of creating 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 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 2 of the most basic types of information you must constantly know.
Once you have this information, you can start to work on trimming expenses, erasing all unnecessary costs, and getting rid of as many regular bills as possible. This takes sacrifice, dedication, and honesty. Many of us can live without a cable bill and definitely could use that extra cash. But how many do? For the individual truly motivated to take action and learn how to make more money then these straightforward sacrifices aren't too much to ask at all. After all, it is just temporary.
The first big question you have to ask yourself is, what is it I want 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 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 details about cash management, regardless of your age, please do not hesitate to contact us at any time and we'll be happy to help you!
