Cash Management – Highwood, Illinois
People typically ask themselves, how can I make more money? Rarely do they recognize 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 perspective on that principle. Let's say, the less cash you need to earn the more you may make, and quicker too. This is applicable to anyone in almost any business venture.
One of the greatest secrets we've discovered about millionaires is they don't without thought spend away their bundle of money on frivolities. Spending generally comes after calculations. After carefully deducing the value, competitors prices/options, intrinsic value if any of having the item, and timing. Solely then is a purchase made. Much different than the wanton spending that is generally associated with the rich!
These same principles could and should be applied to your own personal accounts before any serious considerations of collecting excellent wealth 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 behaviors. For instance, how can you expect to gain financial ground if you cannot even recite your current available checking balance? Or tell us what, exactly, your monthly bills total? These are generally 2 of the most basic examples of facts you must constantly know.
Once you have this knowledge, you can start to work on trimming expenses, erasing all unnecessary costs, and removing as many monthly bills as you possibly can. This takes compromise, commitment, and honesty. The majority of us can do without a cable bill and certainly could use that extra money. But how many do? For the individual really motivated to take action and learn how to make more money then these basic sacrifices are not too much to ask at all. In fact, it is only temporary.
The first significant 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 do without? Do I really need the latest greatest smart-phone and data plan? Do I really need to buy prepared meals or could I buy more food and cook it myself at home? Do I really need to buy that 12 pack on Friday and watch cable all weekend?
For more details about cash management, regardless of your age, please feel free to contact us at any time and we will be happy to help you!
