Cash Management – Skokie
People typically ask themselves, how can I bring in more cash? Not often do they realize that proper cash management can go a long way to creating money. We've all heard it before, right, a penny saved is a penny earned; well let us take a different perspective on that concept. Let's imagine, the less money you have to earn the more you may make, and quicker too. This applies to anybody in almost any business.
One of the greatest secrets we have discovered about millionaires is they don't thoughtlessly spend away their bundle of money on frivolities. Spending always comes after calculation. After carefully deducing the value, competitors prices/options, intrinsic value if any of possessing the item, and timing. Only then is a purchase made. Much different than the wanton spending which can be generally attributed to the wealthy!
These same principles can easily and must be applied to your own personal accounts before any serious considerations of creating great prosperity can be made. GC Financial Advisors Ltd. challenge everyone that asks for financial advice to first and foremost gain absolute and precise power over their accounts and spending behaviors. For instance, how can you expect to gain financial ground if you can't even recite your present available checking balance? Or even tell us what, precisely, your monthly bills total? These are two of the most basic types of information you must habitually know.
After you have this information, you can begin to work on trimming expenditures, erasing all needless costs, and getting rid of as many monthly bills as possible. This takes compromise, dedication, and honesty. Many of us can live without a cable bill and definitely could use that extra money. But how many do? For the person 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 only temporary.
The first significant question you need to think about 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 food or could I purchase more food items and cook it myself at home? Do I really need to buy that twelve 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!
