Hull Financial Planning

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 as coming up with a very detailed contingency plan for what actions we would take in the event of realizing negative tail risk in early retirement. Fortunately, from a financial perspective (not from a life … Read the article

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 can go to the U.S. Department of Labor Unemployment Insurance website to find out who to contact.
  • Notify your mortgage company or your landlord and begin to work out terms if you will be unable to pay them. If you are

… Read the article

1. 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 as you can. The fewer opportunities you have to choose to spend money, the fewer chances you’ll have to make decisions that you regret later.
2. The biggest expense that most people have is their housing expense. If you haven’t lost your job, then it’s

… Read the article

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 changed your diapers, and some small part of them still sees you as the dependent, not as an independent, highly functioning adult. However, just like they were brave enough to have the talk about the birds and the bees with you, you need to be … Read the article

There are two ways to approach saving for a wedding.

First, let’s address the actual activity of saving. I recommend that the couple-to-be establishes a side account to put money aside for the wedding. This will put them in good stead for the future, as having that side account and practicing setting aside money for a large expense, such as the down payment for a house purchase, buying a car with cash, and putting money into their IRAs, will build the habits that the couple will need to be financially successful in the future.

Then, let’s address the spending aspect … Read the article