Financial Margin: Fight For It

In this episode of the Stuff About Money podcast, Erik Garcia, CFP® sits down with fellow podcaster Mitch Gibson to discuss how to build financial margin in your life. Margin doesn’t just happen, you need to fight for it.

Episode Highlights:

  • Erik introduces Mitch Gibson and shares how they met. (2:29)
  • Mitch discusses the importance of having buffers around his time management. (5:10)
  • Erik points out that margin, whether in time or in money, is not something that just happens. We have to fight for it. (9:22)
  • Erik discusses the significance of creating debt access, spending less than we earn, and building up savings. (16:33)
  • Erik explains the difference between wealth and income. (21:11)
  • Erik explains why it is essential to have a financial margin in our lives. (26:48)
  • Mitch shares that he is finally reaching the point in his career where he can see a return on his investment. (28:22)
  • Mitch discusses the significance of having a plan in place before making financial decisions. (38:16)
  • Erik explains the importance of developing a personal vision before creating a business vision. (38:49)

Key Quotes:

  • “Whether we’re talking about margin in our time or financial margin, it’s not something that just happens. It’s something that we have to fight for.” – Erik Garcia, CFP®
  • “You could do anything for a short period of time. Right? But if you change your mindset, then you could do something for a long time.” – Erik Garcia, CFP®
  • “Don’t wait until yesterday to start thinking about your future because you should have your plan in place prior to making those financial decisions.” – Mitch Gibson

Resources Mentioned:

About Erik Garcia

Hi there, I'm Erik. How you manage your money and other resources impacts practically every aspect of your life. I help individuals and families invest plan for a more secure and predictable financial future. Thanks for taking time on my site!

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