Cash Management – Stone Park
People frequently ask themselves, how can I bring in more cash? Seldom do they realize that proper cash management can go a long way to building money. Everyone has heard it before, right, a penny saved is a penny earned; well let's take a different view on that principle. Let's say, the less cash you have to earn the more you may make, and quicker too. This applies to anyone in almost any business venture.
One of the best secrets we have discovered about millionaires is that they do not thoughtlessly spend away their bundle of money on frivolities. Spending always comes after calculation. After very carefully deducing the value, rivals prices/options, intrinsic value if any of having the item, and timing. Only then is a purchase made. Very different compared to the wanton spending that is commonly attributed to the wealthy!
These same principles might and should be applied to your very own accounts before any serious considerations of acquiring fantastic prosperity 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 practices. For instance, how do you expect to gain financial ground if you cannot even recite your present available checking balance? Or even tell us what, precisely, your monthly bills total? These are two of the most basic types of information you must constantly know.
Once you have this information, you can begin to work on trimming expenses, erasing all unnecessary costs, and removing as many monthly bills as you possibly can. This takes sacrifice, commitment, and honesty. Many of us can live without a cable bill and certainly 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 basic sacrifices are not too much to ask at all. In fact, it is only temporary.
The first big question you have to think about is, what is it I want most? If money is your genuine answer, then the next question to ask is, so what can I live without? Do I really need the newest 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 12 pack on Friday and watch cable all weekend?
For more information about cash management, regardless of your age, please don't hesitate to contact us at any time and we will be glad to help you!
