Cash Management – Bridgeview, Illinois
Individuals often ask themselves, how can I make more money? Seldom do they recognize that proper cash management can go a long way to creating riches. We've all heard it before, right, a penny saved is a penny earned; well let us take a different perspective on that principle. Let's say, the less cash you need to earn the more you may make, and faster too. This is applicable to anyone in any business.
One of the biggest secrets we've discovered about millionaires is they do not thoughtlessly spend away their bundle of money on frivolities. Spending always 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 that is generally attributed to the wealthy!
These same concepts can easily and should be applied to your very own accounts before any considerable considerations of creating 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 of their accounts and spending routines. For instance, 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 two of the most basic examples of facts 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 sacrifice, dedication, and honesty. Most of us can do without a cable bill and certainly could use that extra cash. But how many do? For the person really motivated to take action and learn how to make more money then these basic sacrifices are not too much to ask at all. In fact, it is only temporary.
The first major question you need to think about is, what is it I would like most? If cash is your genuine 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 purchase prepared meals or could I buy more food items and cook it myself at home? Do I really need to purchase that twelve pack on Friday and watch cable all weekend?
For more details about cash management, regardless of your age, please feel free to contact us at any time and we'll be happy to help you!
