Cash Management – Justice
People frequently ask themselves, how can I bring in more cash? Seldom will 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's take a different perspective on that idea. Let's say, the less cash you need to earn the more you can make, and faster too. This applies to anybody in almost any business.
One of the greatest secrets we've discovered about millionaires is that they do not 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 possessing the item, and timing. Only then is a purchase made. Much different than the wanton spending which is commonly associated with the rich!
These same ideas can certainly and should 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 precise power over their accounts and spending routines. For example, how can you expect to gain financial ground if you cannot even recite your current available checking balance? Or even tell us what, precisely, your monthly bills total? These are two of the most basic examples of information you must habitually know.
After you have this information, you can start to work on cutting expenditures, erasing all unnecessary costs, and removing as many regular bills as you possibly can. This takes compromise, dedication, and honesty. Many of us can live without a cable bill and definitely could use that extra cash. But how many do? For the person really determined to take action and learn how to earn more money then these basic sacrifices aren't too much to ask at all. After all, it is only temporary.
The first significant question you have to think about is, what is it I want most? If cash is your honest answer, then the next question to ask is, so what can I live without? Do I really need the latest greatest smart-phone and data plan? Do I really need to purchase prepared food or can I buy more food items and cook it myself at home? Do I really need to purchase that 12 pack on Friday and watch cable all weekend?
For more info about cash management, regardless of your age, please do not hesitate to contact us at any time and we'll be happy to help you!
