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Personal Finance FAQ

Why Should You Think About Updating Your Will During the Coronavirus Pandemic?

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 […]

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Personal Finance FAQ

Do Not Shortcut Your Retirement Planning Efforts

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 […]

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Personal Finance FAQ

Do Not Rely on a Rule of Thumb to Retire

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 […]

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Personal Finance FAQ

What should you do immediately after getting laid off?

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 […]

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Personal Finance FAQ

How to cut expenses during the coronavirus pandemic

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 […]

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Personal Finance FAQ

How to talk to your aging parents about their finances during the coronavirus pandemic

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 […]