Cash Management – Palos Heights
Individuals often ask themselves, how can I make more money? Hardly ever do they realize that proper cash management can go a long way to creating money. Everyone has heard it before, right, a penny saved is a penny earned; well let's take a different view on that concept. Let's imagine, the less money you have to earn the more you may make, and faster too. This applies to anyone in any business venture.
One of the biggest secrets we've discovered about millionaires is that they do not thoughtlessly spend away their bundle of money on frivolities. Spending always comes after calculation. Right after carefully deducing the value, rivals prices/options, intrinsic value if any of owning the item, and timing. Only then is a purchase made. Much different than the wanton spending that is commonly attributed to the rich!
These same ideas may and should be applied to your very own accounts before any considerable considerations of acquiring excellent prosperity 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 behaviors. 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, exactly, your monthly bills total? These are two of the most basic examples of facts you must constantly know.
After you have this knowledge, you can begin to work on cutting expenses, erasing all needless costs, and getting rid of as many monthly bills as possible. This takes compromise, commitment, and honesty. Many of us can do 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 earn more money then these basic sacrifices aren't 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 would like most? If money is your genuine 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 purchase prepared food or can I buy more food items and cook it myself at home? Do I really need to purchase that twelve 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'll be glad to help you!
