Cash Management Services – Cicero
Individuals often ask themselves, how can I bring in more money? Seldom do they realize that proper cash management can go a long way to creating money. We've all heard it before, right, a penny saved is a penny earned; well let's take a different view on that concept. Let's say, the less cash you have to earn the more you can make, and quicker 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 lot of money on frivolities. Spending always comes after calculation. After carefully deducing the value, rivals prices/options, intrinsic value if any of having the item, and timing. Solely then is a purchase made. Much different compared to the wanton spending that is commonly attributed to the rich!
These same principles can easily and should be applied to your own personal accounts before any considerable considerations of collecting great prosperity can be made. GC Financial Advisors Ltd. challenge everyone that asks for financial advice to first and foremost gain absolute and precise control of their accounts and spending practices. For instance, how can 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 2 of the most basic types of information you must habitually know.
After you have this information, you can start to work on cutting expenses, erasing all needless 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 definitely could use that extra money. Yet how many do? For the person really motivated 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 first major question you have to think about is, what is it I would like most? If cash is your genuine 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 purchase prepared food or could I buy more food items 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 feel free to contact us at any time and we'll be happy to help you!
