Cash Management – Des Plaines, IL
People typically ask themselves, how can I make more money? Hardly ever will they recognize that proper cash management can go a long way to creating money. We have all heard it before, right, a penny saved is a penny earned; well let us take a different perspective on that principle. Let's imagine, the less money you have to earn the more you can make, and quicker too. This applies to anybody in almost any business venture.
One of the biggest secrets we have discovered about millionaires is they don't thoughtlessly spend away their bundle of money on frivolities. Spending always comes after calculations. After carefully deducing the value, rivals prices/options, intrinsic value if any of owning the item, and timing. Only then is a purchase made. Much different than the wanton spending that is generally attributed to the rich!
These same concepts can and must be applied to your very own accounts before any serious considerations of acquiring excellent wealth 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 behaviors. For example, how can you expect to gain financial ground if you cannot even recite your current available checking balance? Or tell us what, precisely, your monthly bills total? These are generally two of the most basic examples of information you must habitually know.
Once you have this information, you can start to work on cutting expenses, erasing all unneeded costs, and removing as many regular bills as possible. This takes compromise, dedication, and honesty. The majority of us can live without a cable bill and definitely could use that extra money. But how many do? For the person really motivated to take action and learn how to make more money then these basic sacrifices aren't too much to ask at all. After all, it is only temporary.
The first big question you have to think about is, what is it I would like most? If money is your honest answer, then the next question to ask is, what can I live without? Do I really need the latest greatest smart-phone and data plan? Do I really need to buy prepared food or could I buy more food items 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 feel free to contact us at any time and we'll be happy to help you!
