Financial Margin

Financial Margin

By Jared HumphriesBusinessEducationInvestingCourses
Download on the App Store

Financial Margin episodes

  • Are You Addicted to Debt?
    Since we are typically a product of our environment, we have seemingly become accustomed to placing as much of our lifestyle on credit as possible. However, with our average debt per individual ballooning to $51,900, we are left with no financial margin. We have $14.35 trillion in aggregate debt, with no plans of slowing down. Being that the majority of the population cannot cover a $1k emergency without going into debt, we utilize debt in many forms as a personal bailout plan. Unfortunately, many of this is further exacerbated by credit being further extended on unsecured debt products with high interest rates. The real question is, can you actually afford the lifestyle you live? Not can you afford the payments, but can you afford to purchase the lifestyle you have without debt?
    13 min
  • Our Nation is Addicted to Debt
    If you are living a life of quiet desperation in regards to your money and more specifically your debt you’re not alone. It is easy to get into debt, but it is not so easy to get out of debt and our economy being fueled by a debt culture is creating this environment. The U.S. debt has skyrocketed by 400% over the last 12-years to $27.5 trillion. From a consumer standpoint, where does that leave us? Being a product of our society, do we see the addiction to debt or has living beyond our means become the new status quo.
    12 min
  • Avoid a Negative Relationship With Money
    Everyone has some kind of a relationship with money, whether positive, negative, or indifferent. If you are working as a cog in someone’s business or maybe even your own business, are you doing this out of fear or is this where you want to be? So many do not actively manage their finances and leave it to chance. Instead my goal is to help you focus on how to audit where you’re at, automate your process for managing your finances, then augment your finances to grow your wealth. We win at what we focus on, so although you may be facing a financial obstacle of some kind, there is hope. Focus not on the obstacle, but on where you want to be with your finances correcting your relationship with money.
    11 min
  • Don't Let Your Financial Obstacles Define You
    We have all experienced some kind of financial setback in life. So if this is the case, we need to allow these setbacks to refine us instead of define us. Once we get past the hurdle it can be difficult to know whether we actually learned the lesson or simply stopped short. Have your excuses for why you are where you are in your personal finances trumped the dreams you had for your finances and if so, how do you ensure that the money you are working hard to earn works for you instead of you working for it? It is said there are only three things you can do with money; give, save, or spend, so how are you strategically planning for where your finances need to go?
    10 min
  • 80% Of Us Are Trapped By Debt
    Let’s face it, no one likes to talk about debt especially their own. However, almost 80% of us have some form of debt. If debt is such a massive issue though, then why are we not serious about resolving it. In our culture you have to have credit, to get into debt, to then build your credit based on credit lines, to show you’re responsible, to then build your credit score and get into more debt. This is a vicious cycle that is so easy to get trapped by, but just because you master managing your credit score, doesn’t mean you actually manage money well.
    9 min
  • National Debt Hits $29 Trillion!
    So let’s talk about the U.S. national debt crisis. Many would argue that it’s not a crisis as long as we have the ability to pay our interest payments. I believe however, that it’s a crisis because although there are ways to kick the can down the road, our financial systems are ultimately not working–and these broken systems are infiltrating how the population handles their own household finances.
    15 min
  • Everything You Need to Build a Budget
    Let’s take a look at where you derive your income from and what expenses you have. Breaking your expenses into categories to monitor is key. This is especially important when looking at categories within your Plan to Spend that matter most to you and how to build a budget around that. Don’t prioritize your spending based on the spending of those around you, base it on what adds the most value to you.
    13 min
  • The best budget planners of 2022!
    Many people do not know where to start to build their budget, so let's review a few products that are available to you for free. Then let's look back at the last 90 days of your bank and credit card statements to see where you have been spending your money. Take an objective approach in reviewing these, so that you can make adjustments going forward by utilizing a budgeting software to track your inflow and outflow.
    8 min
  • How to Build a Budget in 2022!
    Although it is important to build a Plan to Spend, many of us struggle to build, manage, or monitor a budget. This causes us to unknowingly back ourselves into a corner by having perceived freedom instead of real freedom in our finances. Seeing money as a tool that you utilize to create options by being proactive instead of reactive and proactive instead of stagnant. This is accomplished by planning for what matters most to the lifestyle I want to live.
    7 min
  • Budgeting for the new year!
    Having a vision for our personal finances is key so that you have a target you’re aiming at. But in order to hit that target you also must build parameters to operate within. You can accomplish so much more when you are intentional with where you are going. We all have aspects of our personal finances that we wish came more naturally, but half the battle is just being aware. You can’t just wing it with money and hope it all works out.
    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!!