Financial Margin

Financial Margin

By Jared HumphriesBusinessEducationInvestingCourses
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Financial Margin episodes

  • Overview of Giving
    The purpose of going through 12-themes over a period of twelve months is to transform your personal finances step by step. Now the transformation process should help you to ensure that both the defense and offense of your finances are addressed. You cannot just focus on living within your means, paying off debt, and saving, while not also investing, increasing your income and growing in your applied knowledge. This, in-turn, will create margin. Margin to then decide how you want to give back.
    8 min
  • Review of Insurance & Legacy
    In this theme on insurance and legacy we have covered various types of insurance policies to protect you and your loved ones, how to build up and store critical documentation, as well as thinking through your legacy from the standpoint of setting a vision, benchmarks, and goals as well as ensuring your habits support each of these.
    7 min
  • Your habits become your legacy!
    Let’s be honest, it can be so easy to formulate bad habits and so much more difficult to formulate good ones. So once you have a money manifesto and you have decided to make the necessary changes in order to change your habits, how do you go about removing those that are no longer welcome? I would recommend looking at three different approaches to making a change with your habits; Swap, Schedule, or Separate.
    8 min
  • Your habits are ruining your finances!
    If it’s true that you change your habits and those then change your life, then why is it that we put so little focus on what we repeatedly do, the actions we perpetually take? I think this is mainly due to how difficult it is to see your habits for what they really are. If we saw the immediate effects of our decisions in eating junk food, not exercising, or not getting enough sleep, we would most-likely take immediate action to make a change. But unfortunately, you may not see the effects for weeks, months, or even years after. This then causes us to be reactive in making changes.
    8 min
  • How your values influence your habits
    I’ve mentioned this before, but money makes you more of what you already are. It is just a tool and is neither moral or immoral, it’s what you do with it that makes it one or the other. To some this may be encouraging and to some this may be discouraging. We have all seen it though, we have all seen people who have grown great wealth and selfishly indulged or frivolously lost it entirely and we have seen those who have grown great wealth and made a massive impact.
    8 min
  • Change your habits!
    You may be wondering what habits have to do with money management, but let’s be honest it’s pretty obvious. The habits you have built into your routine whether it be the morning latte, buying a new car every year, or indulging in a little retail therapy, all affect your finances.
    9 min
  • Align your habits and reflect!
    Before we go on, if you are anything like me it’s important to have parameters to reduce the paralysis by analysis. What this means is that you need to set forth specifics around the key components that are important for you to have data on when analyzing deals you are looking for (this could be for a business, the purchase of a home, a vehicle, etc.), what you are and are not willing to compromise, what your risk tolerance is, and so on and so forth. Outlining what the key parameters you have will prevent you from stalling when it’s time to make a decision. This gives you a built-in response system overtime as well as innate accountability.
    10 min
  • Don’t be passive, be active!
    So you’ve now done the hard work to go through the process of what may seem rigorous in outlining your vision, benchmarks and goals, what next? You may be thinking, well that was tough... take a vacation. But not so fast, you need to take action.
    7 min
  • Set goals for your benchmarks
    Today we are going to look at setting goals for the benchmarks you’ve established. If your vision is the forest, your benchmarks are the trees, then the goals are the undergrowth or what actually gives legs to growing a tree and eventually a forest.
    Goal-setting is probably the one area most of us have done at least some planning in or have had some experience with. For you, this could take the form of a New Year’s resolution, a GPA you’re striving for, an amount of profit you are working toward in your business or a fitness goal of some kind.
    6 min
  • Set benchmarks for your legacy
    In today’s episode we are going to move from the forest to the trees in looking at setting benchmarks within your 7 F’s. Now your 7 F’s look at what you want, aspects like the relationships with your family and friends, your financial situation, and how well you lived your life in staying true to your convictions, your values, and your character.
    6 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!!