Financial Margin

Financial Margin

By Jared HumphriesBusinessEducationInvestingCourses
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Financial Margin episodes

  • What You Should Do With Unexpected Wealth
    When wanting to grow your wealth, it’s important to learn from those who have already chartered that path. Your income can and should create wealth if you automate your savings which is what most did in two large studies on millionaires found in the book the Millionaire Next Door and Everyday Millionaires. Wealth can be built quickly or slowly, but the key is actually preserving that wealth.
    14 min
  • Master the Offense of Wealth Building!
    Mastering the offense is the act of attacking. You may have heard that your income sources are your primary tool for building wealth. Your income minus what level of lifestyle you choose to live equals what’s left over to save. It’s important to first evaluate your income sources then whether that income has been spent on looking rich or whether it’s been invested in being wealthy.
    10 min
  • Master The Defense of Wealth Building (Part 3)
    Part 3 - We’ve all probably heard the saying that the best defense is a good offense. Although this is not typically applied to personal finance, when it is, this advice can be detrimental. Both a good defense and a good offense is necessary to build and maintain your wealth. Defense focuses on protecting against attack by holding the line. Protecting what has been accomplished thus far. This is broken into three main categories to explore in order to ensure that you have built-in a protection against attack.
    8 min
  • Master The Defense of Wealth Building (Part 2)
    Part 2 - We’ve all probably heard the saying that the best defense is a good offense. Although this is not typically applied to personal finance, when it is, this advice can be detrimental. Both a good defense and a good offense is necessary to build and maintain your wealth. Defense focuses on protecting against attack by holding the line. Protecting what has been accomplished thus far. This is broken into three main categories to explore in order to ensure that you have built-in a protection against attack.
    11 min
  • Master The Defense of Wealth Building (Part 1)
    Part 1 - We’ve all probably heard the saying that the best defense is a good offense. Although this is not typically applied to personal finance, when it is, this advice can be detrimental. Both a good defense and a good offense is necessary to build and maintain your wealth. Defense focuses on protecting against attack by holding the line. Protecting what has been accomplished thus far. This is broken into three main categories to explore in order to ensure that you have built-in a protection against attack.
    9 min
  • I Sold Everything!
    Defense is protecting yourself against loss whether by building reserves, paying off debt, redistributing assets, or even by having proper insurance buffers in place. People often see those who are misers, frugal, or defense-minded as pensive, overly cautious, and probably living a bit of a boring life. Now I believe there is always a healthy balance between taking ground by being offense-minded and ensuring that you protect what you’ve built by being defense-minded. So neither approach should be dismissed no matter what the market conditions tell you. Having a good defense is more than just building a Budget or a Plan to Spend, having adequate reserves, and ensuring you are properly insured though–it’s also knowing your own risk tolerance, what it is you’re comfortable investing in, as well as being a realist in the sense of knowing where we are generally in the economic cycle.
    13 min
  • Best Ways To Save Money (Part 2)
    Part 2: There are so many ways to spend these days causing it to be more and more difficult to decipher between wants and needs, not to mention forgoing purchasing in order to save. Oftentimes people spend needlessly due to not having a big enough why to save. It’s important to not only define why it’s important to save, but where to put that savings, and how much to save in the first place. Ironically American’s have actually saved much more lately than historically due to uncertainty, but will this uncertainty change behavior or is it just temporal?
    11 min
  • Best Ways To Save Money (Part 1)
    There are so many ways to spend these days causing it to be more and more difficult to decipher between wants and needs, not to mention forgoing purchasing in order to save. Oftentimes people spend needlessly due to not having a big enough why to save. It’s important to not only define why it’s important to save, but where to put that savings, and how much to save in the first place. Ironically American’s have actually saved much more lately than historically due to uncertainty, but will this uncertainty change behavior or is it just temporal?
    10 min
  • How To Pay Off Your Debt Fast!
    Stress and risk are not typically considerations when people look at taking out some sort of loan however, 80% of the population has some sort or form of debt. As you further build-out your Plan to Spend it will be crucial to factor in a debt payoff plan. Now most of us have heard of the Debt Stacking Method or Debt Avalanche Method, as well as the Debt Snowball Method. However, being that margin is the focus as we build options into your personal finances a method has been developed to specifically focus-in on that. We have all heard that it’s easy to get into debt, but not so easy to get out of it. Being that there is not a quick fix to getting out of debt, following a 12-step process may be just the solution for you.
    13 min
  • 5 Steps to Managing Your Debt! (Part 2)
    In uncertain times it is especially important to properly view the debt that you are carrying and how to best strategically look at reorganizing that debt in order to give you options. There have been far too many individuals and even businesses that simply limited their options by not managing their cash. In a time like this, managing your options is key. Properly managing your debt will ensure that you are maximizing your savings and available credit lines, minimizing unnecessary spending, optimizing the terms of your housing costs, and ensuring that your transportation costs are streamlined. However, the most important factor when preparing for or in uncertain times is how well you respond. Responding with a clear mind while implementing a plan of action that you have already developed will ensure you do not box yourself in. This will keep your options open and in-turn protect and even create margin.
    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!!