Personal Finance 2017-05-22T18:18:21+00:00

Personal Finance

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Buy Smart, The Mental Purchasing Model in 7 Steps

This year has been full of firsts.  It was the first year we started as a family of 5, first time we moved cross country and into a new home together, first time we lived through a hurricane, and first time we re-modeled our home.  With these firsts came forth multiple opportunities to spend large sums of money. We purchased: a mini-van a new home home re-model an 11 unit rental complex 2 angel investments additional equity in HIT Capital Each one of these purchases could significantly shorten or lengthen my family’s path to financial independence. The last three may [...]

By | November 20th, 2017|Behavioral Economics, Personal Finance|0 Comments

The Death of Procrastination

We all put off unpleasant tasks.  In surveys 95% of all people admit to procrastinating, with about a quarter of them saying it is a chronic, defining characteristic.  Our innate human behavior is to put off less appeasing tasks regardless of importance.  I struggle at times to get out of bed, to tackle mundane tasks, or to get my workout in.  I even had an urge to delay writing the article you’re reading today. It’s unfortunate the consequences or benefits of procrastination are many times unknown.  Fortunately, in the investing world, the numbers paint a clear picture.  For instance, if [...]

By | June 12th, 2017|Behavioral Economics, Personal Finance|11 Comments

18 Reasons to Eliminate Debt

Happiness – The overarching reason why we want to become debt free is that it can lead to increased happiness. Here are 18 reasons for getting out of debt and how it can lead to a happier life: Complexity – Eliminating debt reduces the complexity of your monthly finances. No debt, means no more: tracking home mortgage interest in preparation for taxes, worrying if your adjustable interest rate will go up, and ensuring your loan payments are sent on time. Stress – The burden of borrowing and having to pay someone back is taxing on your mental health. Proverbs 22:7 [...]

By | May 9th, 2017|Personal Finance|17 Comments

The Mailbag: 4 Steps to Improve Your Savings

The steady stream of questions and comments from interested readers has led me to the creation of a new HIT Investments Series: The Mailbag. Since I write for you, I might as well write about what interests you. The mailbag will be a recurring piece that responds to your questions, comments, and concerns. There will be no magic formula regarding what topics are covered. It may be that many of you are interested in one topic or it may be that one of you poses an interesting question or thoughtful comment. With that in mind, here we go: Q: I [...]

By | November 14th, 2016|Personal Finance|0 Comments