Financial Margin

Financial Margin

By Jared HumphriesBusinessEducationInvestingCourses
Download on the App Store

Financial Margin episodes

  • What are the 5 senses?
    Taking a look at your environment, you cannot look at your current or future environment without looking at the 5 senses. Taking these senses to then build-in SMART goals will help add traction to immersing yourself into what you want to accomplish. Being intentional about what is around you intentionally or haphazardly will then ensure that you are not setting yourself up for failure while you are pursuing these goals. Starting with a better understanding of how you are wired from a personality standpoint will assist you in knowing how to understand what may be the pitfalls that will get in the way from having a clear focus on your goals.
    11 min
  • Overview of Lifestyle
    You cannot discuss personal finance without discussing the lifestyle you are living and what needs to change. Looking closer at the environment you operate in will help you determine whether it is propelling you forward or holding you back. Whether you are more inclined to look at the details or the big picture, your environment matters and you have more control over that environment than you may realize. The life you lead will feed the legacy you pass-on, so this theme will cover how to create best environment for what you aspire to be and accomplish.
    10 min
  • 8 steps to buying a vehicle with margin?
    Looking back over the theme on transportation, it’s important to look at the key steps to buying a vehicle right. This is a process of buying a vehicle below its market value then selling it at market value. Looking at these 8 steps will ensure you are buying a vehicle that actually makes sense not only from a place of need or enjoyment, but also from a financial standpoint.
    11 min
  • How to pay-off debt driving your car?
    If you are in the position where you have multiple lines of unsecured high-interest debt, you may consider utilizing your means of transportation to strategically look at how you can restructure the debt to pay it off quicker. Now, of course, if the behavior that got you stuck in debt in the first place hasn’t changed, then you will want to wait to apply one of the two options presented. This will ensure you don’t pay-off a revolving line, just to get back in the same situation again. If this is not a temptation, then looking at utilizing equity from an existing vehicle or from a future purchase ensuring you buy it right and don’t finance more than it is worth may be an option.
    14 min
  • When to sell your car and how to price it?
    Most people have an idea of wanting to get another vehicle, but don’t necessarily plan ahead to sell the vehicle when the value and demand are highest. The auto industry is fed by supply and demand. As higher supply occurs, this ends up having a greater downward pressure on prices. When demand is higher, then this will also cause an upward pressure on prices. Looking at a historical approach of how automakers have met the market at its need helps to provide a greater picture of the underlying cause of lower inventories and resulting higher prices. You may be experiencing the effects of this in either buying or selling a vehicle in this environment.
    13 min
  • How to sell your car? (Part 2)
    A level of fear is instilled in most people when considering the process of selling their vehicle. Looking at how to best sell your car based on three overall aspects will help ease that fear. Gathering information related to the book and market value, then going through the process of listing your vehicle following a process of preparation, platform, and presentation.
    8 min
  • Who owns your car?
    Most don’t understand that you don’t own your vehicle if it’s leased or if you have a payment on a loan for that vehicle. The institution that originated the agreement holds the title as the lienholder until it is either returned in a lease or paid-in full as a loan. Looking at the costs related to a lease vs. a loan is an important step in owning a vehicle and planning for your next purchase.
    12 min
  • How to sell your car? (Part 1)
    A level of fear is instilled in most people when considering the process of selling their vehicle. Looking at how to best sell your car based on three overall aspects will help ease that fear. Gathering information related to the book and market value, then going through the process of listing your vehicle following a process of preparation, platform, and presentation.
    10 min
  • What type of auto insurance is needed?
    Anyone who has owned a vehicle has had to set up an insurance policy for their vehicle. Shopping rates against any requirements your bank may have can be done either individually or through the use of a fiduciary. This will ensure you have the right coverage for the insurance needs you have. Looking at how to calculate the difference between the risk of having just liability-only insurance vs. comprehensive will help you to make an informed decision. Whether you choose one or the other is less important than you making sure that you have a current policy on your vehicle.
    14 min
  • How to buy your car right? (Part 2)
    Most people don’t buy their cars with margin in mind. This means that they are financing cars that depreciate faster than they can pay-off the vehicle, therefore leaving them trapped. Looking at three components to help you in the process to be sure that you are buying a car with margin will help you sort through the challenging landscape of what to initially sort through.
    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!!