Cash Management – Mount Prospect
Folks typically ask themselves, how can I earn more money? Hardly ever will they realize that proper cash management can go a long way to creating riches. Most people have heard it before, right, a penny saved is a penny earned; well let us take a different view on that concept. Let's say, the less money you need to earn the more you can make, and quicker too. This is applicable to anybody in almost any business.
One of the greatest secrets we've discovered about millionaires is that they do not without thought spend away their lot of money on frivolities. Spending always comes after calculations. Right after carefully deducing the value, rivals prices/options, intrinsic value if any of having the item, and timing. Solely then is a purchase made. Much different compared to the wanton spending that is commonly associated with the wealthy!
These same principles could and must be applied to your own personal accounts before any considerable considerations of acquiring great wealth can be made. GC Financial Advisors Ltd. challenge everybody that asks for financial advice to first and foremost gain absolute and precise control over their accounts and spending behaviors. For example, how can you expect to gain financial ground if you cannot even recite your current available checking balance? Or tell us what, precisely, your monthly bills total? These are two of the most basic examples of information you must constantly know.
Once you have this information, you can start to work on trimming expenditures, erasing all unnecessary costs, and getting rid of as many monthly bills as you possibly can. This takes sacrifice, dedication, 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 truly motivated to take action and learn how to earn more money then these straightforward sacrifices aren't too much to ask at all. In fact, it is just temporary.
The very first significant question you need to think about is, what is it I want most? If money is your honest answer, then the next question to ask is, so what can I do without? Do I really need the newest 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 info about cash management, regardless of your age, please do not hesitate to contact us at any time and we'll be glad to help you!
