Cash Management – Winfield
Folks frequently ask themselves, how can I bring in more money? Rarely do they recognize that proper cash management can go a long way to developing riches. We have all heard it before, right, a penny saved is a penny earned; well let's take a different perspective on that concept. Let's imagine, the less cash you have to earn the more you may make, and faster too. This applies to anybody in almost any business venture.
One of the greatest secrets we've discovered about millionaires is that they do not thoughtlessly spend away their lot of money on frivolities. Spending generally comes after calculation. 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 is generally attributed to the rich!
These same principles might and should be applied to your own personal accounts before any considerable considerations of creating fantastic prosperity can be made. GC Financial Advisors Ltd. challenge everybody that asks for financial advice to first and foremost gain absolute and precise control over their accounts and spending practices. For example, how do you expect to gain financial ground if you can't even recite your present available checking balance? Or tell us what, precisely, your monthly bills total? These are generally two of the most basic types of facts you must constantly know.
Once you have this information, you can begin to work on cutting expenses, erasing all needless costs, and getting rid of as many regular bills as you possibly can. This takes compromise, commitment, and honesty. The majority of us can do without a cable bill and certainly could use that extra cash. Yet how many do? For the person truly determined to take action and learn how to earn more money then these straightforward sacrifices are not too much to ask at all. In fact, it is only temporary.
The very first major question you have to think about is, what is it I want most? If money is your honest 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 buy prepared meals or could I purchase 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 do not hesitate to contact us at any time and we'll be happy to help you!
