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Personal Finance FAQ

Personal Finance FAQ Series: How Do I Budget for One-Time Expenses?

Christmas comes around every year; yet, when it comes, we seem to be surprised and haven’;t budgeted for it. What about when the car finally goes to the parking lot in the sky and we have to replace it? Are we prepared? This episode of the Hull Financial Planning personal finance FAQ series deals with […]

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Personal Finance FAQ

Personal Finance FAQ Series: What is Diversification and Why is It Important?

“Put all your eggs in one basket – and watch the basket!” –Mark Twain This episode of the personal finance frequently asked questions series deals with investing and why you shouldn’t bet all of your money on one stock. What is Diversification and Why is It Important? What questions would you like to see me […]

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Personal Finance FAQ

Personal Finance FAQ Series: What is a Safe Withdrawal Rate?

Once you’ve reached retirement, you’re going to have to rely on your accumulated assets and your income streams to live on, as you’re hopefully not going back to work. In this episode of the personal finance frequently asked questions series, we answer what you can safely withdraw to not need to live on cat food […]

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Personal Finance FAQ

The Endowment Effect: Why You Should Buy a Foreclosure and Never Sell to an Investor

“We wants it, we needs it. Must have the precious. They stole it from us.” –Gollum Imagine that you have to sell the house you grew up in. For those of you who have had to do this, I’m sure just thinking about it brings back a wash of memories. Your house is your home. […]

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Personal Finance FAQ

Are You Overloading Yourself With Stock Information?

“October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.” –Mark Twain How surprised would you be to see a headline touting the following? Down Drops 500 Points Today, Creating GREAT Buying Opportunity! You don’t ever see […]

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Personal Finance FAQ

What Are Your Priorities in Life?

“Action expresses priorities.” ― Mahatma Gandhi What is a discussion about priorities in life doing in a finance blog? Everything. Your priorities in life should be dictating what you’re spending your money on. If you’re not going through your life with intentionality, you won’t be aligning your resources with your priorities. If you’re not budgeting, […]