Financial Margin

Financial Margin

By Jared HumphriesBusinessEducationInvestingCourses
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Financial Margin episodes

  • What Are Assets And Liabilities?
    Most everyone has assets and liabilities that they need to consider within managing their personal finances. However, most have never spent the time to really look at what assets they have related to what liabilities they have. Looking at a list of both assets and offsetting liabilities will enable you to not only understand what you own vs. what you owe, but also have more of an awareness around your financial priorities when it comes to allocating your income to pay down and off debt.
    10 min
  • Why You Should Give!
    Giving in a season where there is so much uncertainty may be the last thing on your mind however, just simply making the decision to give back in-spite of that will give you an ability to support a cause bigger than yourself. Enabling the focus to be redirected from you, to those who are in need. We have seemingly lost the ability to be constructively and intentionally involved in our neighborhoods and communities, but ensuring that you apply both time and resources from your Plan to Spend will ensure that you are making that positive impact that so many are opting-out from.
    12 min
  • Gas Prices Hit Record High!
    As Russian tension continues to grow MSN reported that President Biden; “sketched out a broad range of sanctions and other penalties targeting vast swaths of the Russian economy — including frozen assets at top banks, sanctions on Kremlin-aligned oligarchs, and limits on exports that might benefit the country’s technology sector.” To add to these initial sanctions, new sanctions on crude oil, which equates to between 7-8% of the U.S. demand, as well as on natural gas occurred earlier this week. We are seeing the costs of the invasion continue to ripple through the global economy as uncertainty continues to abound.
    10 min
  • The Zero-Based Budget Approach
    The zero-based budgeting approach ensures that your money is fully-allocated out to all of the categories you utilize. This being considered the ‘best’ approach ensures that you are fully intentional with where your money goes, so that it is easier to identify waste and be able to make the changes necessary to ensure that your life energy is spent only on those purchases that add the most value to you.
    12 min
  • How to Budget Using the 50/30/20 Rule
    This rule takes the 80/20 rule to the next level to track additional categories. This ensures that you are living within your means while ensuring that you are saving a minimum of 20% to pay yourself first. Beyond this, the two rules differ but this is a ‘better’ approach and should be applied if you have successfully tracked your budget based on the 80/20 rule or have budgeted otherwise and are ready for a few additional parameters to follow.
    8 min
  • How to Budget Using the 80/20 Rule
    This approach to budgeting focuses on providing flexibility to those who do not have a budget or have budgeted but haven’t found a great deal of success in doing so. This budget approach is a great way to start that process focusing in on paying yourself first, living within your means, but not worrying about the rest. This ‘good’ approach builds in the rhythm and habit of tracking your spending.
    12 min
  • How to Save Money Fast!
    When needing to cut costs, people typically have a visceral reaction due to how this may impact their lifestyle. However, this is mainly due to not actually knowing where the money was being spent and not knowing what could feasibly be cut. Looking closely at how much is being spent and where it provides power to then reduce those areas that don’t add to quality of life. Being intentional where the income from life energy is spent will ensure that money isn’t spent on goods and services that do not add value.
    11 min
  • How Much Do I Need To Retire?
    Most people don’t know where to start when it comes to retirement savings. These steps have been broken-down into four steps to follow in order to ensure that there is intentionality on a regular basis. Before setting up your retirement plan, you must have a good why. Why contribute to retirement, what is your end-game? Beyond just investing it’s important to not build a future living without considering building a life along the way.
    12 min
  • How the Russian Tension Will Affect Your Finances!
    As humans, even the most informed, trained, and level-headed of individuals can respond out of emotion and fear to impending threats. The most-recent of which being the Russian invasion of Ukraine and the geopolitical, economic, and social impact of this. Let me preface this with stating that my thoughts and prayers go out to the individuals and families being impacted by this invasion.
    15 min
  • 5 Steps To Avoid Student Loans? (Part 2)
    The student loan crisis is massive, over $1.5 trillion massive. Even though there is currently talk around debt forgiveness, there are many concerns around how this debt will impact society going-forward. In the meantime there is a student loan suspension effective until the latter part of 2021. This prevents the discouraging figures (temporarily) around defaults. Having a plan to intentionally prevent taking on student loans is key as to prevent joining the 45 million people with student loan debt.
    8 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!!