“People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.” –George Orwell This is a three part series on USAA. You can read part 2 (the good about USAA) and part 3 (the not so good about USAA) below. Click here to learn how to […]
We want to see a world where black lives matter in order for us to get to a world where all of our humanity is respected. –Alicia Garza On June 5, 2020, the jobs report came in better than expected. Unemployment was only 13.3%, compared to expectations of 20% unemployment. Accordingly, the S&P 500 went […]
Dallas, Texas based Certified Financial Planner Jason Hull of Hull Financial Planning firmly believes that owning a home is not a necessary part of a retirement plan. A study by Walter D’Lima of Old Dominion University and Paul Schultz of Notre Dame showed that >real estate investors outperform general market indices, but only when they: […]
While the coronavirus induced recession is forcing all of us to reevaluate our financial behaviors with a close eye for detail, these are habits that will serve us well whenever life has returned to normalcy, which, hopefully, is sooner rather than later! Cut living expenses. In times when we are not worried about negative financial outcomes, […]
For whom would a robo-advisor be a good choice? There are only a couple of situations where I think that robo-investors (I really call them robo-investors, as they’re not robo-advisors, such as myfinancialanswers.com) are appropriate for a millennial: You are absolutely, positively, never going to rebalance your portfolio, and you want to put money into […]
Why is it important to check in with your finances quarterly or biannually? I’m a fan of bucketing your check ins with your finances: Monthly: Check your checking and credit card accounts. What you’re looking for are a couple of things. First, you want to make sure that you’re not spending beyond your budget, which […]
Generally speaking, people are afraid to face their own mortality. We have a psychological trait called optimism bias that is often very beneficial – it’s what helps us to believe in a brighter future and to wake up in the morning and go to work. If we didn’t have optimism bias, we’d sink into depression and live […]