Cash Management – Minooka
Folks typically ask themselves, how can I bring in more cash? Rarely 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 principle. Let's say, the less cash you have to earn the more you can make, and faster too. This is applicable to anyone in almost any business.
One of the biggest secrets we have discovered about millionaires is that they don't without thought spend away their lot of money on frivolities. Spending generally comes after calculation. Right after carefully deducing the value, competitors prices/options, intrinsic value if any of possessing the item, and timing. Solely then is a purchase made. Much different than the wanton spending which is generally associated with the rich!
These same ideas can certainly and must be applied to your own personal accounts before any considerable 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 precise power over their accounts and spending routines. 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, exactly, your monthly bills total? These are generally two of the most basic types of information you must constantly know.
Once you have this information, you can begin to work on cutting expenses, erasing all needless costs, and getting rid of as many monthly bills as possible. This takes sacrifice, commitment, and honesty. Many of us can live without a cable bill and certainly could use that extra cash. But how many do? For the individual really determined to take action and learn how to make more money then these simple sacrifices aren't too much to ask at all. After all, it is only temporary.
The first big question you need to think about is, what is it I would like most? If cash is your genuine 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 buy prepared food or can I buy more food items and cook it myself at home? Do I really need to buy that 12 pack on Friday and watch cable all weekend?
For more info about cash management, regardless of your age, please don't hesitate to contact us at any time and we will be happy to help you!
