Financial Margin

Financial Margin

By Jared HumphriesBusinessEducationInvestingCourses
Download on the App Store

Financial Margin episodes

  • How I paid off almost $40k in student loans
    Sharing some of my journey for formal education, the mistakes I made and the resulting actions I needed to make in order to pay off my student loan debt. This personal approach will hopefully encourage you to set goals then shorten the amount of time that you give yourself to accomplish those goals. Paying off your student loan debt is achievable, you just need a strong why and make the decision to see it through! So many people have lost hope of getting these debts paid-off and therefore, they stop focusing on the goal. Don’t be one that allows your student loan debt to follow you through life, make the commitment to pay it off, and take massive action to make it happen!
    10 min
  • How to prevent the need for student loans
    Looking at options to prevent you getting caught in student loans is one of the most important aspects once you have chosen a school to attend. Intentionally spending time to apply for your FAFSA and take advantage of localized or federal scholarships and grants will ensure that you stay far from student loans. Coupling this with proactively limiting your expenses outside of school and working to increase your income will help you build a strong foundation for remaining debt-free.
    8 min
  • How to expedite the paydown of your student loans
    The student loan crisis is far-reaching across the U.S. If you are one of the 42.9 million people in the U.S. with student loan debt according to the U.S. Department of Education you are probably somewhat concerned about how you’re going to pay off this debt. Although the weight of the debt may feel heavy, there are so many options when it comes to avenues you could take to payoff this debt. Reviewing a number of these options without even looking at scholarships yet, will give you a handful of ideas on how to address this debt that are within your control.
    12 min
  • The student loan crisis
    The student loan crisis has been a constant conversation point over the last decade or so and even more so presidential candidates in this election. There has been a lot of conversation around student loan forgiveness, especially with the surmounting balances leading to affects on the economy. Now federal student loan payments and interest have been on a hiatus since March 2020 and there is still no clarity on how long that will last. The crisis is one that is somewhere in the $1.6 trillion range for federal student loans. Knowing hoe much you owe and to whom (federal or private) will be the first step in the process to see whether you personally have a student loan crisis.
    10 min
  • Valuing both the tangibles and intangibles of your education
    Taking a look at not only the direct costs of furthering your education, you also want to factor in the intangible costs and benefits. So much of this is difficult to pinpoint, but you can only gain wisdom from getting knowledge to then apply but being careful to evaluate where this knowledge needs to come from is important. Starting off by setting a focus point so that you are not just going to school to go to school and dealing with the direct and indirect costs associated with that decision. Making sure not to go to school without a plan! Looking at options to avoid immediately signing up for student loans especially before having a plan for the education you are pursuing.
    13 min
  • How to manage your finances in your 30's? Benchmark #5
    Benchmark #5 focuses on saving above and beyond your emergency fund in order to be sure you are putting money aside for aspects that align with what matters in accordance with your vision. The what is more important than the how and how much in defining what you are saving for and why. Your savings goals will vary greatly from your neighbor, so setting the goal of saving, how much you will then save over what time, then setting the next goal to accomplish will ensure you are always working toward something and moving forward.
    11 min
  • How to manage your finances in your 30's? Benchmark #4
    If you’re in your 30’s there are four additional policies you should consider based on your season of life, assets and liabilities, as well those who depend upon you. Looking at short and long-term disability insurance, life insurance, as well as incorporating an umbrella policy will help ensure these added bases are covered.
    9 min
  • How to manage your finances in your 30's? Benchmark #3 (Part 2)
    If you are in your 30’s it is important to defend what you have achieved and built thus far by ensuring to have a baseline of insurance policies. These policies are not all-encompassing, but they are a start in order to make sure you have these policies in-place and are reviewing them annually based on the needs you have. Looking specifically at health, renters or homeowners as well as auto insurance is the first building block. We will then be reviewing 4 additional policies in tomorrow’s episode in order to build upon this initial protection.
    9 min
  • How to manage your finances in your 30's? Benchmark #3 (Part 1)
    If you are in your 30’s it is important to defend what you have achieved and built thus far by ensuring to have a baseline of insurance policies. These policies are not all-encompassing, but they are a start in order to make sure you have these policies in-place and are reviewing them annually based on the needs you have. Looking specifically at health, renters or homeowners as well as auto insurance is the first building block. We will then be reviewing 4 additional policies in tomorrow’s episode in order to build upon this initial protection.
    10 min
  • How to manage your finances in your 30's? Benchmark #2
    Once you have looked at paying-off your debt based on the 12-steps reviewed in the last episode it will be important to increase your investing. Looking at your budget once the debt has been cleared, you will figure out what you have leftover to invest. Looking at tax-favored investing options will be key to accomplishing your long term goals. Not allowing a fear of missing out, but making sure that you are coming up with a plan that allows you to steadily invest without trying to time the markets. It’s important to build a plan based upon your goals ranging from the financial independence retire early movement for someone who wants to retire in their 30’s or 40’s to working a career that takes you into your 50’s or 60’s. Working a plan that works based on the vision you have developed, will be especially important. Looking at some retirement plan options will help you begin this process!
    14 min

About Financial Margin

From the publisher's feed

Millennial Margin was formed to provide people with a unique approach to personal finance through the strategic building of Margin. Margin is the space outside the chaos and in a society that continues to push an agenda of a fast-paced, high stress, low satisfaction environment, Margin is ever-so-missing. So what's the solution? The solution is to focus on what adds the most value to you specifically, not wanting what others have just for the sake of wanting what others have. Instead finding contentment in simplifying life through a process I call audit, automate, augment. This allows you to see what you specifically want, where you are and where you want to be, backing that out into actionable steps. Those steps are then automated and scaled. Personal finance is well personal, so Margin focuses on building momentum through monthly themes broken down into weekly series and further into daily episodes focusing on you. Allowing for a positive compound effect to set in allowing you to truly gain control of your personal finances therefore, building intentional Margin into life. I am thankful to be a part of your journey and hope that you find this resource transformational. Now let's build some Margin!!