Cash Management – Bensenville
Folks often ask themselves, how can I bring in more money? Seldom will they realize 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 principle. Let's say, the less money you have to earn the more you can make, and quicker too. This is applicable to anyone in any business.
One of the greatest secrets we've discovered about millionaires is they don't thoughtlessly spend away their bundle of money on frivolities. Spending always comes after calculations. Right after very carefully deducing the value, rivals prices/options, intrinsic value if any of owning the item, and timing. Only then is a purchase made. Very different compared to the wanton spending which is generally attributed to the wealthy!
These same ideas can certainly and must be applied to your very own accounts before any serious considerations of creating fantastic prosperity can be made. GC Financial Advisors Ltd. challenge everybody that asks for financial advice to first and foremost gain absolute and precise control of 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 even tell us what, precisely, your monthly bills total? These are generally 2 of the most basic types of information you must constantly know.
After you have this information, you can start to work on cutting expenses, erasing all unnecessary costs, and getting rid of as many monthly bills as possible. This takes sacrifice, dedication, and honesty. The majority of us can do without a cable bill and certainly could use that extra cash. Yet how many do? For the individual genuinely determined to take action and learn how to make more money then these simple sacrifices aren't too much to ask at all. In fact, it is just temporary.
The very first big question you have to think about is, what is it I want most? If cash is your honest answer, then the next question to ask is, so 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 can I purchase more food 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'll be happy to help you!
