Financial Margin

Financial Margin

By Jared HumphriesBusinessEducationInvestingCourses
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Financial Margin episodes

  • The best get rich quick advice (Part 1)
    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.
    10 min
  • How much should I save? (Part 2)
    It can be difficult to know how much you should save on a monthly basis and what target you are actually aiming at. There are a lot of differing viewpoints when it comes to how much savings you should have in place, so reviewing the savings rate as well as benchmarks to hit are key. This is reviewed based on four steps in order to build up your savings until you have at least six months of living expenses with the goal of protecting your lifestyle in the event of income loss.
    Jared created Millennial Margin out of necessity, as he has watched countless people schedule-away, mortgage-up, and max-out their lives. Margin is simply the antithesis, providing leeway in an increasingly margin-less culture.
    8 min
  • How much should I save? (Part 1)
    It can be difficult to know how much you should save on a monthly basis and what target you are actually aiming at. There are a lot of differing viewpoints when it comes to how much savings you should have in place, so reviewing the savings rate as well as benchmarks to hit are key. This is reviewed based on four steps in order to build up your savings until you have at least six months of living expenses with the goal of protecting your lifestyle in the event of income loss.
    Jared created Millennial Margin out of necessity, as he has watched countless people schedule-away, mortgage-up, and max-out their lives. Margin is simply the antithesis, providing leeway in an increasingly margin-less culture.
    9 min
  • Overnight Success
    It may seem easy to identify someone who has become an overnight success however, do they actually exist? Someone who may have been working for years to become acknowledged for their trade can so easily be treated as though they fell into it. But oftentimes you will find that the so-called overnight success has a long background of hard work, diligence, and perseverance to achieve this. There is something called the 10,000 hour rule that typically refers to a level of mastery to which those who have mastered their trade have typically surpassed.
    9 min
  • Unexpected Wealth
    When wanting to grow your wealth, it’s important to learn from those who have already chartered that path. Your income can and should create wealth if you automate your savings which is what most did in two large studies on millionaires found in the book the Millionaire Next Door and Everyday Millionaires. Wealth can be built quickly or slowly, but the key is actually preserving that wealth.
    14 min
  • Mastering the offense of wealth building
    Mastering the offense is the act of attacking. You may have heard that your income sources are your primary tool for building wealth. Your income minus what level of lifestyle you choose to live equals what’s left over to save. It’s important to first evaluate your income sources then whether that income has been spent on looking rich or whether it’s been invested in being wealthy.
    9 min
  • Mastering the defense of wealth preservation (Part 3)
    We’ve all probably heard the saying that the best defense is a good offense. Although this is not typically applied to personal finance, when it is, this advice can be detrimental. Both a good defense and a good offense is necessary to build and maintain your wealth. Defense focuses on protecting against attack by holding the line. Protecting what has been accomplished thus far. This is broken into three main categories to explore in order to ensure that you have built-in a protection against attack.
    8 min
  • Mastering the defense of wealth preservation (Part 2)
    We’ve all probably heard the saying that the best defense is a good offense. Although this is not typically applied to personal finance, when it is, this advice can be detrimental. Both a good defense and a good offense is necessary to build and maintain your wealth. Defense focuses on protecting against attack by holding the line. Protecting what has been accomplished thus far. This is broken into three main categories to explore in order to ensure that you have built-in a protection against attack.
    10 min
  • Mastering the defense of wealth preservation (Part 1)
    We’ve all probably heard the saying that the best defense is a good offense. Although this is not typically applied to personal finance, when it is, this advice can be detrimental. Both a good defense and a good offense is necessary to build and maintain your wealth. Defense focuses on protecting against attack by holding the line. Protecting what has been accomplished thus far. This is broken into three main categories to explore in order to ensure that you have built-in a protection against attack.
    9 min
  • Why should you save money? (Part 2)
    There are so many ways to spend these days causing it to be more and more difficult to decipher between wants and needs, not to mention forgoing purchasing in order to save. Oftentimes people spend needlessly due to not having a big enough why to save. It’s important to not only define why it’s important to save, but where to put that savings, and how much to save in the first place. Ironically American’s have actually saved much more lately than historically due to uncertainty, but will this uncertainty change behavior or is it just temporal?
    10 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!!