Cash Management – Darien
Folks typically ask themselves, how can I make more money? Seldom do they realize that proper cash management can go a long way to creating riches. Everyone has 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 money you need to earn the more you may make, and faster too. This is applicable to anyone in almost any business.
One of the best secrets we have discovered about millionaires is that they don't thoughtlessly spend away their bundle of money on frivolities. Spending generally comes after calculation. Right after carefully deducing the value, rivals prices/options, intrinsic value if any of owning the item, and timing. Solely then is a purchase made. Much different than the wanton spending which can be commonly attributed to the wealthy!
These same principles can and must be applied to your own personal accounts before any considerable 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 exact control over their accounts and spending routines. For example, how do you expect to gain financial ground if you can't even recite your present available checking balance? Or even tell us what, exactly, your monthly bills total? These are generally 2 of the most basic types of information you must habitually know.
After you have this knowledge, you can begin to work on cutting expenses, erasing all unneeded costs, and getting rid of as many monthly bills as possible. This takes compromise, commitment, and honesty. The majority of us can do without a cable bill and certainly could use that extra cash. But how many do? For the individual truly 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 first big question you need to ask yourself is, what is it I want most? If money is your honest 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 purchase prepared food or can I purchase more food and cook it myself at home? Do I really need to purchase 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!
