Cash Management – Streamwood
People frequently ask themselves, how can I bring in more money? Hardly ever do they realize that proper cash management can go a long way to creating wealth. We've all heard it before, right, a penny saved is a penny earned; well let's take a different view on that idea. Let's say, the less money you have to earn the more you can make, and faster too. This is applicable to anybody in almost any business.
One of the best secrets we have discovered about millionaires is that they don't without thought spend away their bundle of money on frivolities. Spending always comes after calculations. Right after very 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 can be generally associated with the rich!
These same concepts can and should be applied to your very own accounts before any considerable 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 can you expect to gain financial ground if you cannot even recite your current available checking balance? Or tell us what, exactly, your monthly bills total? These are generally two of the most basic types of facts you must habitually know.
Once you have this information, you can begin to work on trimming expenditures, erasing all unnecessary costs, and removing as many monthly bills as you possibly can. This takes compromise, commitment, and honesty. Most of us can live without a cable bill and definitely could use that extra money. Yet how many do? For the individual truly determined to take action and learn how to make 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 need to think about is, what is it I would like most? If cash is your honest answer, then the next question to ask is, 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 could I purchase 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 information about cash management, regardless of your age, please do not hesitate to contact us at any time and we'll be glad to help you!
