Cash Management – Stone Park, Illinois
Folks typically ask themselves, how can I bring in more cash? Hardly ever will they realize that proper cash management can go a long way to creating riches. Most people have heard it before, right, a penny saved is a penny earned; well let us take a different view on that principle. Let's say, the less money you have to earn the more you can make, and quicker too. This applies to anyone in any business venture.
One of the greatest secrets we have discovered about millionaires is that they do not thoughtlessly spend away their bundle of money on frivolities. Spending always comes after calculation. Right after very carefully deducing the value, competitors prices/options, intrinsic value if any of having the item, and timing. Solely then is a purchase made. Much different than the wanton spending which is commonly associated with the rich!
These same ideas can and must be applied to your own personal accounts before any considerable considerations of creating excellent prosperity can be made. GC Financial Advisors Ltd. challenge everyone that asks for financial advice to first and foremost gain absolute and precise control over their accounts and spending practices. For example, how do you expect to gain financial ground if you can't even recite your current available checking balance? Or tell us what, exactly, your monthly bills total? These are generally two of the most basic examples of information you must constantly know.
After you have this information, you can start to work on trimming expenditures, erasing all unnecessary costs, and getting rid of as many monthly bills as possible. This takes compromise, commitment, and honesty. Many of us can do 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 are not too much to ask at all. After all, it is only temporary.
The first significant question you need to ask yourself is, what is it I would like most? If money 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 buy prepared food 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 information about cash management, regardless of your age, please feel free to contact us at any time and we'll be glad to help you!
