Cash Management – Western Springs
People 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 us take a different view on that concept. Let's say, the less cash you have to earn the more you can make, and faster too. This is applicable to anybody in almost any business venture.
One of the greatest secrets we've discovered about millionaires is they do not thoughtlessly spend away their fortune on frivolities. Spending generally comes after calculations. After very 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 than the wanton spending which is generally associated with the wealthy!
These same ideas can certainly and must be applied to your own personal accounts before any serious considerations of amassing great prosperity can be made. GC Financial Advisors Ltd. challenge everyone that asks for financial advice to first and foremost gain absolute and exact control over their accounts and spending routines. For example, how do 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 2 of the most basic types of information you must constantly know.
Once you have this information, you can start to work on cutting expenses, erasing all needless costs, and getting rid of as many monthly bills as possible. This takes sacrifice, commitment, and honesty. The majority of us can live without a cable bill and certainly could use that extra cash. Yet how many do? For the person genuinely determined to take action and learn how to earn 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 would like most? If cash is your honest answer, then the next question to ask is, so what can I live without? Do I really need the newest greatest smart-phone and data plan? Do I really need to purchase prepared meals or could I purchase more food and cook it myself at home? Do I really need to purchase that 12 pack on Friday and watch cable all weekend?
For more information about cash management, regardless of your age, please don't hesitate to contact us at any time and we'll be glad to help you!
