Cash Management – Robbins
Folks often ask themselves, how can I bring in more cash? Hardly ever do they realize that proper cash management can go a long way to developing money. 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 applies to anyone in any business venture.
One of the greatest secrets we've discovered about millionaires is that they don't without thought spend away their fortune on frivolities. Spending generally comes after calculation. Right after carefully deducing the value, competitors prices/options, intrinsic value if any of having the item, and timing. Solely then is a purchase made. Very different compared to the wanton spending which can be commonly associated with the wealthy!
These same ideas can and must be applied to your own personal accounts before any considerable considerations of creating great wealth can be made. GC Financial Advisors Ltd. challenge everybody that asks for financial advice to first and foremost gain absolute and exact control over their accounts and spending behaviors. For instance, how do you expect to gain financial ground if you can't even recite your current available checking balance? Or tell us what, precisely, your monthly bills total? These are 2 of the most basic examples of information you must habitually know.
Once you have this knowledge, you can begin to work on cutting expenses, erasing all unnecessary costs, and getting rid of as many monthly bills as possible. This takes sacrifice, dedication, and honesty. Many of us can do without a cable bill and definitely could use that extra cash. Yet how many do? For the person genuinely motivated to take action and learn how to earn more money then these straightforward sacrifices are not too much to ask at all. After all, it is just temporary.
The very first big question you need to ask yourself is, what is it I want most? If cash 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 meals or could 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 details about cash management, regardless of your age, please don't hesitate to contact us at any time and we'll be happy to help you!
