Cash Management Services – Saint Charles
Individuals often ask themselves, how can I earn more money? Seldom do they realize that proper cash management can go a long way to developing wealth. Most people have heard it before, right, a penny saved is a penny earned; well let us take a different perspective on that idea. Let's imagine, the less money you have to earn the more you can make, and faster too. This is applicable to anybody in almost any business venture.
One of the greatest secrets we have discovered about millionaires is that they do not thoughtlessly spend away their bundle of money on frivolities. Spending generally comes after calculation. After carefully deducing the value, rivals prices/options, intrinsic value if any of possessing the item, and timing. Solely then is a purchase made. Very different compared to the wanton spending that is commonly associated with the wealthy!
These same ideas could and should be applied to your own personal accounts before any considerable considerations of collecting excellent wealth can be made. GC Financial Advisors Ltd. challenge everybody that asks for financial advice to first and foremost gain absolute and exact control of 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, exactly, your monthly bills total? These are two of the most basic types of information you must habitually know.
After you have this knowledge, you can start to work on trimming expenditures, erasing all needless costs, and removing as many monthly bills as you possibly can. This takes compromise, dedication, and honesty. Most of us can do without a cable bill and definitely could use that extra money. Yet how many do? For the person genuinely motivated to take action and learn how to make more money then these basic sacrifices are not too much to ask at all. In fact, it is only temporary.
The first major 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 do without? Do I really need the latest greatest smart-phone and data plan? Do I really need to buy prepared meals or can I buy more food items and cook it myself at home? Do I really need to buy 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'll be happy to help you!
