Financial Margin

Financial Margin

By Jared HumphriesBusinessEducationInvestingCourses
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Financial Margin episodes

  • Better: Budgeting with the 50/30/20 Rule
    This rule takes the 80/20 rule to the next level to track additional categories. This ensures that you are living within your means while ensuring that you are saving a minimum of 20% to pay yourself first. Beyond this, the two rules differ but this is a ‘better’ approach and should be applied if you have successfully tracked your budget based on the 80/20 rule or have budgeted otherwise and are ready for a few additional parameters to follow.
    7 min
  • Good: Budgeting using the 80/20 Rule
    This approach to budgeting focuses on providing flexibility to those who do not have a budget or have budgeted but haven’t found a great deal of success in doing so. This budget approach is a great way to start that process focusing in on paying yourself first, living within your means, but not worrying about the rest. This ‘good’ approach builds in the rhythm and habit of tracking your spending.
    11 min
  • How to save money fast without cutting what matters
    When needing to cut costs, people typically have a visceral reaction due to how this may impact their lifestyle. However, this is mainly due to not actually knowing where the money was being spent and not knowing what could feasibly be cut. Looking closely at how much is being spent and where it provides power to then reduce those areas that don’t add to quality of life. Being intentional where the income from life energy is spent will ensure that money isn’t spent on goods and services that do not add value.
    11 min
  • How much to save for retirement?
    Most people don’t know where to start when it comes to retirement savings. These steps have been broken-down into four steps to follow in order to ensure that there is intentionality on a regular basis. Before setting up your retirement plan, you must have a good why. Why contribute to retirement, what is your end-game? Beyond just investing it’s important to not build a future living without considering building a life along the way.
    12 min
  • 5 steps to avoid student loans? (Part 2)
    The student loan crisis is massive, over $1.5 trillion massive. Even though there is currently talk around debt forgiveness, there are many concerns around how this debt will impact society going-forward. In the meantime there is a student loan suspension effective until the latter part of 2021. This prevents the discouraging figures (temporarily) around defaults. Having a plan to intentionally prevent taking on student loans is key as to prevent joining the 45 million people with student loan debt.
    8 min
  • 5 steps to avoid student loans? (Part 1)
    The student loan crisis is massive, over $1.5 trillion massive. Even though there is currently talk around debt forgiveness, there are many concerns around how this debt will impact society going-forward. In the meantime there is a student loan suspension effective until the latter part of 2021. This prevents the discouraging figures (temporarily) around defaults. Having a plan to intentionally prevent taking on student loans is key as to prevent joining the 45 million people with student loan debt.
    10 min
  • Is a College Degree Worth It? (Part 2)
    The question of whether a college degree is still worth it has been a hot button topic in recent years. Looking into the data the answer is clearer than you would think. Breaking this down into four components including unemployment rates, income levels, turning income into wealth, and intangibles like discipline in life present a compelling storyline. With this information, ensuring that you seek a degree with market demand, high income potential, from a low-cost accredited school is key to make sure that the degree is worth the time, energy, and resources.
    12 min
  • Is a College Degree Worth It? (Part 1)
    The question of whether a college degree is still worth it has been a hot button topic in recent years. Looking into the data the answer is clearer than you would think. Breaking this down into four components including unemployment rates, income levels, turning income into wealth, and intangibles like discipline in life present a compelling storyline. With this information, ensuring that you seek a degree with market demand, high income potential, from a low-cost accredited school is key to make sure that the degree is worth the time, energy, and resources.
    12 min
  • Financial Grit
    Our culture tells us to get out of any situation that’s difficult, rather than figuring a way to push through. This causes so many to give up before figuring out a solution to the challenge they are faced with. The story is no different with personal finances, as the picture is bleak for so many. The lack of contentment has caused us to try and keep up with others, not realizing that this can leave your finances in disarray with little hope of being able to clean up the mess. However, there is a solution and that solution starts with you choosing to push through rather than giving up.
    11 min
  • The best get rich quick advice (Part 2)
    We have all seen guru’s who have caught our attention through selling some kind of get rich quick scheme. Luring us in as a means of escaping what more than ¾ of American’s are trying to escape, their day jobs. What these guru’s don’t tell us is that success typically happens and is maintained over time. However, many don’t realize that financial literacy and wealth building is a muscle that has to be built over time as well. The underlying key is to live a life of purpose, which will ensure you are living with the right why.
    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!!