Cash Management – Willow Springs
Individuals frequently ask themselves, how can I earn more money? Seldom will they recognize that proper cash management can go a long way to building riches. We have 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 cash you have to earn the more you may make, and quicker too. This is applicable to anyone in almost any business venture.
One of the biggest secrets we've discovered about millionaires is that they do not thoughtlessly spend away their fortune on frivolities. Spending generally comes after calculation. Right after very carefully deducing the value, competitors prices/options, intrinsic value if any of possessing the item, and timing. Solely then is a purchase made. Much different compared to the wanton spending which is commonly attributed to the wealthy!
These same concepts may and should be applied to your own personal accounts before any serious considerations of collecting fantastic wealth can be made. GC Financial Advisors Ltd. challenge everyone that asks for financial advice to first and foremost gain absolute and exact control of their accounts and spending practices. For example, how do you expect to gain financial ground if you cannot even recite your present available checking balance? Or even tell us what, exactly, your monthly bills total? These are generally two of the most basic types of information you must constantly know.
Once you have this knowledge, you can begin to work on cutting expenses, erasing all needless costs, and removing as many regular bills as possible. This takes sacrifice, dedication, and honesty. The majority of us can do without a cable bill and definitely could use that extra cash. Yet how many do? For the individual really determined to take action and learn how to earn more money then these basic sacrifices are not too much to ask at all. In fact, it is just temporary.
The first big question you have to think about is, what is it I would like most? If money is your honest answer, then the next question to ask is, what can I do without? Do I really need the latest greatest smart-phone and data plan? Do I really need to buy prepared meals or can 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 info about cash management, regardless of your age, please feel free to contact us at any time and we will be happy to help you!
