Cash Management – Harwood Heights, Illinois
People typically ask themselves, how can I make more money? Rarely will they recognize that proper cash management can go a long way to developing riches. We have all heard it before, right, a penny saved is a penny earned; well let's take a different view on that principle. Let's say, the less cash you have to earn the more you can make, and quicker too. This is applicable to anybody in almost any business.
One of the best secrets we have discovered about millionaires is that they don't without thought spend away their lot of money on frivolities. Spending always comes after calculations. Right after carefully deducing the value, competitors prices/options, intrinsic value if any of possessing the item, and timing. Only then is a purchase made. Very different than the wanton spending which is generally associated with the wealthy!
These same concepts can and must 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 routines. For instance, how can you expect to gain financial ground if you can't even recite your current available checking balance? Or tell us what, precisely, your monthly bills total? These are generally 2 of the most basic examples of information you must habitually know.
After you have this knowledge, 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, commitment, and honesty. Many of us can do without a cable bill and definitely could use that extra money. Yet how many do? For the person really determined to take action and learn how to earn more money then these straightforward sacrifices are not too much to ask at all. After all, it is just temporary.
The first significant 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, 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 purchase more food 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 don't hesitate to contact us at any time and we'll be happy to help you!
