Cash Management – Schaumburg
People often ask themselves, how can I bring in more cash? Rarely do they recognize that proper cash management can go a long way to developing wealth. We've all 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 cash you have to earn the more you may make, and quicker too. This is applicable to anybody in any business.
One of the biggest secrets we have discovered about millionaires is that they don't without thought spend away their fortune on frivolities. Spending generally comes after calculations. 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 than the wanton spending which is commonly attributed to the rich!
These same concepts can easily and should be applied to your own personal accounts before any serious considerations of amassing great wealth can be made. GC Financial Advisors Ltd. challenge everyone that asks for financial advice to first and foremost gain absolute and exact power over their accounts and spending behaviors. For example, how do you expect to gain financial ground if you can't even recite your present available checking balance? Or even tell us what, precisely, your monthly bills total? These are generally 2 of the most basic types of information you must constantly know.
After you have this knowledge, you can start to work on trimming expenses, erasing all unneeded costs, and getting rid of as many regular bills as possible. This takes sacrifice, dedication, and honesty. Many of us can live without a cable bill and definitely could use that extra cash. Yet how many do? For the individual genuinely determined to take action and learn how to earn more money then these simple sacrifices are not too much to ask at all. After all, it is just temporary.
The first big question you have to ask yourself is, what is it I want most? If cash is your honest 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 purchase prepared meals or can I buy more food and cook it myself at home? Do I really need to purchase 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 will be happy to help you!
