Financial Margin

Financial Margin

By Jared HumphriesBusinessEducationInvestingCourses
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Financial Margin episodes

  • Financial Snapshot: How does your savings score?
    The core Financial Snapshot has a total of six categories to evaluate. We reviewed what it would look like if you were to be consistent across all categories, but this scenario will not work for most of society. You may be further on in one category while lagging in another. In order to determine where you are at, looking at each category specifically based on your level of current proficiency will help reveal which needs the most focus. Knowing what your income is, what your expenses are, then realizing what is left over to save is the next priority. This will be the fourth step in the process. What you are able to save after your lifestyle is what contributes to turning income into wealth, so this process of building the gap between income and expenses is especially important.
    7 min
  • Financial Snapshot: How does your expenses score?
    The core Financial Snapshot has a total of six categories to evaluate. We reviewed what it would look like if you were to be consistent across all categories, but this scenario will not work for most of society. You may be further on in one category while lagging in another. In order to determine where you are at, looking at each category specifically based on your level of current proficiency will help reveal which needs the most focus. Moving from income to focusing on expenses, you’ll be able to pull this from your Plan to Spend or Budget as well. This will be the third step in the process. Finding out whether you spend more than you make will be one of the key components that will ensure that whether you are paid according to the market or not overextending yourself.
    8 min
  • Financial Snapshot: How does your income score? (Part 2)
    The core Financial Snapshot has a total of six categories to evaluate. We reviewed what it would look like if you were to be consistent across all categories, but this scenario will not work for most of society. You may be further on in one category while lagging in another. In order to determine where you are at, looking at each category specifically based on your level of current proficiency will help reveal which needs the most focus. Reviewing the income portion of your Plan to Spend or Budget will be the second step in the process. Finding out how your income measures up compared to the industry will then help you determine whether you are maximizing your value to the marketplace.
    10 min
  • The Recession is Coming!
    Now the topic of a looming recession is thrown out pretty much every year since the last
    recession in many different forms and fashions, so it’s no surprise that it is, again, in the
    headlines as a topic of discussion. But how serious should we take these recession warnings?
    First, let’s define what it is. You hear this fear-inducing word that makes you think of stagnant or
    declining wages, layoffs, unemployment, reduced economic activity, foreclosures, to name
    some. According to Webster a recession is, “the act or action of receding” but in terms of an
    economy it simply means two consecutive periods (to which each period or quarter is three
    months) where economic activity is reduced. When looking at the official onset of a recession,
    we turn to NBER which shows the business cycle.
    25 min
  • Financial Snapshot: How does your income score? (Part 1)
    The core Financial Snapshot has a total of six categories to evaluate. We reviewed what it would look like if you were to be consistent across all categories, but this scenario will not work for most of society. You may be further on in one category while lagging in another. In order to determine where you are at, looking at each category specifically based on your level of current proficiency will help reveal which needs the most focus. Reviewing the income portion of your Plan to Spend or Budget will be the second step in the process. Finding out how your income measures up compared to the industry will then help you determine whether you are maximizing your value to the marketplace.
    9 min
  • How Great Is Your Budget?
    The core Financial Snapshot has a total of six categories to evaluate. We reviewed what it would look like if you were to be consistent across all categories, but this scenario will not work for most of society. You may be further on in one category while lagging in another. In order to determine where you are at, looking at each category specifically based on your level of current proficiency will help reveal which needs the most focus. Getting a grip on the level that you operate by a Plan to Spend or budget will be the first step in the process.
    9 min
  • Financial Snapshot Scoring
    Using a matrix to get a snapshot allows you to measure your progress over time. This matrix is based on 6 columns from excellent to insufficient and 6 rows from a Plan to Spend on through retirement contributions. Being able to identify these components will enable you to expedite a solution to improving your finances.
    13 min
  • Financial Snapshot Overview
    A financial snapshot provides a brief indicator of what needs to be focused on in improving your personal finances. Being that personal finances are personal, being able to identify what uniquely impacts your situation is key. Being able to see where you are in relation to where you want to be will allow you to align this focus to the steps taking you toward your goals. Working to pinpoint issues and make the appropriate adjustments will ensure you don’t have to back peddle to repair them.
    11 min
  • The Inescapable EV Push!
    In the midst of surging gas prices, it can be tempting to look at alternative options. The immediate response may be to pick up an electric car and while that may be a great solution for some, let me explain why it’s not currently a sustainable answer for all.
    15 min
  • Financial Health Check (Net Worth)
    Net worth is a financial indicator of your monetary standing at a given point in time. Looking at assets and liabilities to then derive your net worth will give you an indicator to track. Tracking your net worth will allow you to steadily monitor whether you are increasing the spread between what you own and what you owe.
    12 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!!