Cash Management – Mchenry Cary, IL
People often ask themselves, how can I bring in more cash? Not often will they realize that proper cash management can go a long way to developing wealth. Everyone has heard it before, right, a penny saved is a penny earned; well let us take a different view on that concept. Let's imagine, the less money you have to earn the more you can make, and faster too. This is applicable to anyone in almost any business venture.
One of the greatest secrets we've discovered about millionaires is that they do not thoughtlessly spend away their fortune on frivolities. Spending generally comes after calculation. Right after very carefully deducing the value, competitors prices/options, intrinsic value if any of having the item, and timing. Only then is a purchase made. Much different compared to the wanton spending that is generally associated with the rich!
These same ideas can certainly and must be applied to your own personal accounts before any serious considerations of creating excellent prosperity can be made. GC Financial Advisors Ltd. challenge everyone that asks for financial advice to first and foremost gain absolute and exact control over their accounts and spending habits. For example, how do 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 generally 2 of the most basic examples of information you must habitually know.
Once you have this knowledge, you can start to work on trimming expenditures, 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 cash. Yet how many do? For the individual truly motivated to take action and learn how to make more money then these basic sacrifices are not too much to ask at all. After all, it is only temporary.
The very first big question you have to think about is, what is it I want most? If money is your genuine 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 food or could I buy 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 feel free to contact us at any time and we will be glad to help you!
