Cash Management Services – Glen Ellyn, IL
Individuals typically ask themselves, how can I earn more money? Rarely do they realize that proper cash management can go a long way to developing wealth. We've all heard it before, right, a penny saved is a penny earned; well let's take a different view on that idea. Let's imagine, the less money you need to earn the more you can make, and faster too. This is applicable to anyone in any business.
One of the biggest secrets we have discovered about millionaires is that they don't thoughtlessly spend away their fortune 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. Very different than the wanton spending which is generally associated with the rich!
These same concepts can certainly and should be applied to your very own accounts before any serious considerations of amassing excellent prosperity can be made. GC Financial Advisors Ltd. challenge everyone that asks for financial advice to first and foremost gain absolute and precise power over their accounts and spending practices. For example, how do you expect to gain financial ground if you cannot even recite your present available checking balance? Or even tell us what, precisely, your monthly bills total? These are generally 2 of the most basic examples of information you must habitually know.
Once you have this information, you can begin to work on cutting expenses, erasing all unneeded costs, and removing as many regular bills as possible. This takes compromise, commitment, and honesty. Many of us can live without a cable bill and certainly could use that extra money. 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 just temporary.
The first big question you have to ask yourself is, what is it I want most? If cash is your honest answer, then the next question to ask is, what can I live without? Do I really need the newest greatest smart-phone and data plan? Do I really need to purchase prepared meals or could 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 information about cash management, regardless of your age, please don't hesitate to contact us at any time and we'll be happy to help you!
