Cash Management – Springfield, IL
Individuals often ask themselves, how can I bring in more money? Rarely will they recognize that proper cash management can go a long way to building wealth. We have all heard it before, right, a penny saved is a penny earned; well let's take a different perspective on that concept. Let's say, the less money you have to earn the more you may make, and faster too. This is applicable to anyone in any business.
One of the biggest secrets we have discovered about millionaires is they do not thoughtlessly spend away their fortune on frivolities. Spending generally comes after calculation. Right after 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 wealthy!
These same principles can certainly and should be applied to your own personal accounts before any serious considerations of creating excellent prosperity can be made. GC Financial Advisors Ltd. challenge everybody that asks for financial advice to first and foremost gain absolute and exact control of their accounts and spending behaviors. For example, how can you expect to gain financial ground if you can't even recite your present available checking balance? Or 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 knowledge, you can start to work on cutting expenses, erasing all needless costs, and removing as many monthly bills as possible. This takes sacrifice, dedication, and honesty. Most of us can live without a cable bill and definitely could use that extra cash. Yet how many do? For the person truly motivated to take action and learn how to make more money then these basic sacrifices are not too much to ask at all. In fact, it is just temporary.
The very first big question you need to think about is, what is it I would like most? If money is your genuine 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 purchase prepared meals or could I buy more food items and cook it myself at home? Do I really need to purchase that twelve pack on Friday and watch cable all weekend?
For more info about cash management, regardless of your age, please do not hesitate to contact us at any time and we will be glad to help you!
