Financial Margin

Financial Margin

By Jared HumphriesBusinessEducationInvestingCourses
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Financial Margin episodes

  • Why should you save money? (Part 1)
    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?
    9 min
  • 12 steps for debt payoff
    Stress and risk are not typically considerations when people look at taking out some sort of loan however, 80% of the population has some sort or form of debt. As you further build-out your Plan to Spend it will be crucial to factor in a debt payoff plan. Now most of us have heard of the Debt Stacking Method or Debt Avalanche Method, as well as the Debt Snowball Method. However, being that margin is the focus as we build options into your personal finances a method has been developed to specifically focus-in on that. We have all heard that it’s easy to get into debt, but not so easy to get out of it. Being that there is not a quick fix to getting out of debt, following a 12-step process may be just the solution for you.
    13 min
  • 5 Key Steps to Managing Debt in Uncertain Times (Part 2)
    In uncertain times it is especially important to properly view the debt that you are carrying and how to best strategically look at reorganizing that debt in order to give you options. There have been far too many individuals and even businesses that simply limited their options by not managing their cash. In a time like this, managing your options is key. Properly managing your debt will ensure that you are maximizing your savings and available credit lines, minimizing unnecessary spending, optimizing the terms of your housing costs, and ensuring that your transportation costs are streamlined. However, the most important factor when preparing for or in uncertain times is how well you respond. Responding with a clear mind while implementing a plan of action that you have already developed will ensure you do not box yourself in. This will keep your options open and in-turn protect and even create margin.
    7 min
  • Key Steps to Managing Debt in Uncertain Times (Part 1)
    In uncertain times it is especially important to properly view the debt that you are carrying and how to best strategically look at reorganizing that debt in order to give you options. There have been far too many individuals and even businesses that simply limited their options by not managing their cash. In a time like this, managing your options is key. Properly managing your debt will ensure that you are maximizing your savings and available credit lines, minimizing unnecessary spending, optimizing the terms of your housing costs, and ensuring that your transportation costs are streamlined. However, the most important factor when preparing for or in uncertain times is how well you respond. Responding with a clear mind while implementing a plan of action that you have already developed will ensure you do not box yourself in. This will keep your options open and in-turn protect and even create margin.
    9 min
  • Types of Personal Loans (Part 2)
    There are four types of unsecured loan types that people typically take out to cover projects, emergencies, or shortfalls in their financial needs. These are a personal loan or signature loan, personal line of credit otherwise known as a PLOC, a credit card cash advance, and a Payday loan. We will be reviewing each type along with the pros and cons of each. Now not all unsecured loans are created equal, so you have to be especially careful to ensure that if you are utilizing an unsecured loan that makes sense for you.
    9 min
  • Types of Personal Loans (Part 1)
    There are four types of unsecured loan types that people typically take out to cover projects, emergencies, or shortfalls in their financial needs. These are a personal loan or signature loan, personal line of credit otherwise known as a PLOC, a credit card cash advance, and a Payday loan. We will be reviewing each type along with the pros and cons of each. Now not all unsecured loans are created equal, so you have to be especially careful to ensure that if you are utilizing an unsecured loan that makes sense for you.
    10 min
  • 9 benefits to utilizing a credit card for purchases
    We have a tendency of spending more when spending with a credit card versus cash but there are strategic purchases that can be made that will protect you on certain purchases. It’s important to know what these benefits are and what they are in-place to protect as these free benefits can give you peace of mind when utilizing a credit card over cash.
    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
  • The best credit card of 2021
    When looking at a subjective topic like credit cards, it can be easy to get overwhelmed by the options and the opinions. As I have evaluated credit cards looking for one that had the best cash back and points program, I found one that seemed to fit best. I strategically utilize this card for purchases that there may be some level of purchase risk associated to. Typically this comes down to purchasing electronics or booking travel. It’s important to own your credit card, rather than your credit card owning you so choosing the card that fits your lifestyle is key.
    12 min
  • 3 reasons credit cards are not an emergency fund
    Very few Americans have proper savings, but why is this? Having credit extended in a number of different ways gives people a false sense of security. Being that American’s habit to overspend has not changed, what are the risks that are seemingly unseen in using a credit card, personal loan, line-of-credit, or loan otherwise as an emergency fund? Many may not realize that credit cards in particular have limitations. In the event that you need to use credit for an emergency, you want to ensure that an emergency fund outside of credit is in-place to protect against digging a hole that you cannot climb out of.
    14 min
  • Credit card debt is crushing us
    We are highly marketed-to from the credit card industry, which has contributed to record amounts of credit card accounts and revolving debt. These credit cards are crushing the ability of many American’s to build margin. Knowing that we spend more when we utilize credit cards, it is important to build in a plan for the credit card or cards you hold. In this series we will look at the purpose behind having a credit card, whether you have the right credit card, whether you are maximizing the benefits offered through the card as well as using your credit line properly.
    7 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!!