Financial Margin

Financial Margin

By Jared HumphriesBusinessEducationInvestingCourses
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Financial Margin episodes

  • Who are your beneficiaries?
    Now that you have looked at types of insurance you may either already have or need to consider getting, looked at planning for the future expenses of when you pass, as well as looked at establishing and organizing your key documents, it’s now important to begin reviewing. The reviewing stage can be tedious, but is so important to ensure that your last wishes are carried-out properly.
    7 min
  • Where to track your net worth?
    If you have already put together a summary of your will, insurance policies, and important documents otherwise, you may then consider utilizing a net worth tracking tool. Now this may seem like a strange addition to that group, but it’s not, and here’s why.
    10 min
  • How does net worth affect your legacy?
    Income is often talked more about than net worth, but unless you received an inheritance yourself, your income is what will produce your net worth. This means that your income will both feed into the assets you purchase, but also the availability to traditional means of debt in order to purchase homes, vehicles, businesses, and other assets. Before we get too far into this, net worth is the accumulation of what you own in assets after the accumulation of what you owe in debts or liabilities is subtracted.
    11 min
  • How does income affect your financial legacy?
    This is to be expected, but depending on your age group, consider your income life-cycle. How many years will you be in the career-field you are in, at what point will you transfer or sell that business, or when do you plan to actually retire. These are all considerations to ensure that your income feeds your legacy.
    10 min
  • What will be your financial legacy!?
    So here’s the deal, you actually have to plan your financial legacy. Much like any individual who you received any amount of inheritance from, that inheritance had to be intentionally planned for. Not only for who it would go to and what it would be used for, but the intentional accumulation of those resources over time.
    8 min
  • Should you plan for your funeral?
    Let’s talk about the thing that you may dread more than taxes, death. It seems like it’s so easy to be so unprepared for this aspect of life, even though we all know it will happen at some point. Death is certain, you and I have no idea the day, month or year we will pass on but ensuring that you have some key components in-place will give you and your loved one’s peace of mind.
    8 min
  • Is a family trust the right answer?
    There’s so much that can happen in life to upset our so-called plans. So setting up a family trust can protect the assets in the event that one or more individuals are involved in a lawsuit, bankruptcy, or divorce. In addition to this, it provides additional privacy for the family protecting the estate from having the assets made public.
    9 min
  • The purpose of a will
    A will is such an important piece of documentation whether you are 18 or 80. Now, as you continue to further and further outline your will, you may consider establishing a trust for your family, which we will cover in the next episode.
    11 min
  • What’s your inheritance?
    Most people have very mixed emotions about receiving an inheritance from someone. Meaning that although what is being passed down may be a blessing and an honor to receive, this also means that the one who has made you their beneficiary has typically passed on. Unlike a person’s legacy, an inheritance specifically refers to an exchange of assets whether that be monetary, real-estate, family heirlooms, stocks, or assets otherwise.
    15 min
  • 10 documents to protect your legacy!
    This theme is focused on ensuring that you are doing your best to do a full evaluation at least once a year of what you have in-place, where you store those critical documents, ensuring that your taxes are organized and that you have documentation outlining what you own and what you owe.
    9 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!!