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 […]
When it comes to success, there are no shortcuts. –Bo Bennett I recently read an article extolling how easy it was to get started on the journey to financial independence. I’m sure the author is a good person and well meaning. He seems to be smart and motivated, having earned a CPA in 2018. Some […]
It’s kind of a rule of thumb for me to self-doubt going into any kind of project. –Heath Ledger When we made the decision to retire early, we went through a lot of analysis on whether or not we would have enough cash flow from our rental properties to meet our living expenses, as well […]
Dallas, Texas based certified financial planner Jason Hull recommends having a short term and a long term plan if you recently lost your job because of the coronavirus pandemic. To do in the next 24 hours: File for unemployment. It’s critical to get the flow of income coming in as soon as you can. You […]
The best strategy for cutting your household expenses is to do a thorough review of your spending from the past 6 months. Be ruthless. For every; line item, ask yourself if this is a need or a want. If it’s a want, cut it until we have more financial security. Then, automate as many payments […]
Dallas, Texas based Certified Financial Planner Jason Hull of Hull Financial Planning thinks that, if you need to use coronavirus as a reason to talk to your parents about their finances and you haven’t done so, it’s a great idea. “Most parents were brought up in a time when talking about finances was taboo. They […]