Cash Management – Winnetka
People typically ask themselves, how can I bring in more money? Seldom will they recognize that proper cash management can go a long way to developing money. We've all heard it before, right, a penny saved is a penny earned; well let us take a different view on that idea. Let's say, the less cash you have to earn the more you can make, and faster too. This applies to anybody in any business venture.
One of the greatest secrets we've discovered about millionaires is that they don't without thought spend away their fortune on frivolities. Spending generally comes after calculation. 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 generally associated with the rich!
These same principles can and should be applied to your very own 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 precise power over their accounts and spending habits. For example, how do 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 types of information you must habitually know.
Once you have this knowledge, you can begin to work on cutting expenditures, erasing all unnecessary costs, and getting rid of as many regular bills as possible. This takes compromise, dedication, and honesty. Many of us can do without a cable bill and certainly could use that extra money. But how many do? For the individual really determined to take action and learn how to make more money then these simple sacrifices are not too much to ask at all. After all, it is only temporary.
The very first major question you need to ask yourself is, what is it I want most? If money is your genuine answer, then the next question to ask is, so what can I do 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 and cook it myself at home? Do I really need to buy that 12 pack on Friday and watch cable all weekend?
For more info about cash management, regardless of your age, please don't hesitate to contact us at any time and we will be happy to help you!
