The One-Page Financial Plan: A Simple Way to Be Smart About Your Money

Carl Richards


The One-Page Financial Plan: A Simple Way to Be Smart About Your Money

The One-Page Financial Plan: A Simple Way to Be Smart About Your Money

  • Title: The One-Page Financial Plan: A Simple Way to Be Smart About Your Money
  • Author: Carl Richards
  • ISBN: 9781591847557
  • Page: 173
  • Format: Hardcover



Whenever I tell people about my job as a financial advisor, the conversation inevitably turns to how hopeless they feel when it comes to dealing with money More than once, they ve begged, Just tell me what to do It s no surprise that even my most successful friends feel confused or paralyzed Even if they have a shelfful of personal finance books, they don t have time tWhenever I tell people about my job as a financial advisor, the conversation inevitably turns to how hopeless they feel when it comes to dealing with money More than once, they ve begged, Just tell me what to do It s no surprise that even my most successful friends feel confused or paralyzed Even if they have a shelfful of personal finance books, they don t have time to make sense of all the information available They don t just want good advice, they want the best advice so rather than do the wrong thing, they do nothing Their 401 k and bank statements pile up, unexamined or maybe even unopened.What they don t realize is that bad calls about money aren t failures they re just what happens when emotional creatures have to make decisions about the future with limited information What I tell them is that we need to scrap striving for perfection and instead commit to a process of guessing and making adjustments when things go off track Of course we re going to make the best guesses we can but we re not going to obsess over getting them exactly right.The fact is, in a single page you can prioritize what you really want in life and figure out how to get there That s because a great financial plan has nothing to do with what the markets are doing, what your real estate agent is pitching, or the hot stock your brother in law told you about It has everything to do with what s most important to you By now you may be wondering, What about the details How much do I need to invest each year, and how do I allocate it How much life insurance do I need Don t worry I ll cover those topics and many , sharing strategies that will take the complexity out of them The most important thing is getting clarity about the big picture so you can cope with the unexpected Maybe you ll lose the job you thought was secure you ll take a financial risk that doesn t pan out you ll have twins when you were only budgeting for one In other words Life will happen.But no matter what happens, this book will help you bridge the gap between where you are now and where you want to go.


Recent Comments "The One-Page Financial Plan: A Simple Way to Be Smart About Your Money"

As a fellow financial advisor, I think that Carl hits on some really great points. I'm glad that he took the time to simplify the financial planning process for the masses. For those of you who have put off making a financial plan because it's too overwhelming, this is the right book for you.Key takeaways:p. 17 - Although putting together your financial plan takes time, you will end up actually saving time every single year because of it.p. 18 - A great plan isn't about getting everything exactl [...]

I love Carl Richards and his sketches are top notch. If you have never read a personal finance book then I highly recommend this to you. That said, as the title probably suggest, this is an entry level book for personal finance novices. It is very readable and a nice reminder that there are some good advisors out there and their work makes a valuable contribution to their client's lives. Nothing revelatory here, but a wonderful contrast to the noise and confusion manufactured by Wall Street to s [...]

This is the best financial planning book I've read in a long time. It's smart, honest, simple and helps you decide what's important. I have a theory that trust funders make the worse financial planners, and the best are people who have gone broke. It's why Dave Ramsey is so effective; he lost everything once and he has empathy that people who have never broken a financial sweat will never have. This author had to short sale his house, and it gives his advice a seasoned quality. Highly recommend. [...]

Short, readable and non-technical focusing on the human aspects of getting your finances, and life, in order. Some good advice.

As the first financial planning book I’ve read (I know, I know. I’m sorry), this was a good choice. The tone is logical and encouraging, and it doesn’t present a one-size-fits-all approach. The author is, in fact, adamantly against such approaches. He encourages the reader to ask himself/herself a couple of thought-provoking questions to get started. I took this to heart and noted my answers, which will be good to have going forward. Time will tell if this is one of those rare life-changin [...]

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The premise of this book definitely caught my eye, but the content didn't turn out to be very useful. I'm in a good place financially but have NO idea what my retirement needs are, how my current savings stack up against those needs, and I've pretty much given up on understanding what actually goes on with my IRA. I thought this book might help break down some of those issues for me.Instead, the book is more of a guide about how to think about money than it is a guide that tells you what to do w [...]

This book stands tall among many personal finance books. Where most give a prescription without diagnosis this asks the reader to figure out what is important and move forward from that point. I applaud the author's frankness in espousing advice. He says (rightfully so) that he is an authority, but cannot know the position of each reader so to take his advice with some flexibility.I found myself rereading passages in this and comparing my finances with the goals and benchmarks I now have thanks [...]

Carl appears to have genuinely walked the talk, which is something that a lot of financial planners have not been able to demonstrate!The investment advice is not likely to be ground breaking for most however this is what makes the book worth the read. He talks about mastering the psychology behind investing as well as looking at goals rather tha purely investmentsworth a read to evaluate your financial life

This has decent advice. Now you just have to decide the reasons you want money and what your driving values are. I like this better than Dave Ramsey. Many of the ideas for money are the same, but Carl doesn't cram it down your throat like Dave has a tendency to do.

Definitely a good quick read for someone who wants to understand the basics. This could save a person in their 20s from a whole lot of pitfalls.

2.5 stars. I would recommend this book for someone who is just beginning to budget or plan for retirement. I didn't find a lot of "meat", however, and would probably offer a Dave Ramsey book first.

If financial planning scares you, this is a good book to start with. Richards starts with the fundamental question of what is important in your life and how to figure that out. Then, in that context, he has you develop overall goals, and reinforces that these will shift as circumstances in your life change. This flexibility allows you to breathe, and re-orient yourself when life throws stuff at you. Only later does he get into the mechanics of what you should do to save- you can get this part fr [...]

Simple to understand, good advice, quick read on why your money is important to you. I am retired and have been happily letting my husband do our financial juggling. Recognizing that some day I might have to step up to the financial management plate, my husband got this book for me and I'm glad he did. I gleaned several other important takeaways from Richards book besides the importance of sticking with our stock/bond ratio plans. 1. There is value in writing down your rationale on how much cash [...]

I really enjoyed this book. It is a very quick read, and something that has already made me think about how I will change the way I manage my personal finances. I really like how the author focuses on mindsets rather than specific advice. He is very encouraging and very positive. I like his honesty and perspective as someone who has made financial mistakes in the past and knows how hard it can be to have perspective on your own personal finances due to the emotions tied to money.It is compelling [...]

One of the best financial planning books out there. The author remained neutral throughout the book, giving the best advice for investors to try in their daily lives without the typical conflict of interest; recommendation on favourite brands of mutual funds, or trying to demonise other professionals in the industry. Reading some of the comments on , some reads are expecting to find detailed information to DIY on their finances. But that kind of expectation would be similar to getting a book on [...]

I have long admired the author’s clearheaded back-of-the-napkin diagrams in the NYT: quick illustrations that highlight a deep point. This easy reading, non judgemental book serves a similar role. Key takeaways: a plan is always relative to your personal values and goals, so get clear on them at the start. Don’t beat yourself up: life changes. Don’t be afraid: tackle the financial monster and you’ll find taking action itself a relief. And it’s slow and steady that wins the day: any sta [...]

This is more of a philosophical introduction to the way in which one should approach long-term personal finance. This makes it useful for those who hadn’t already considered their approach to finances. Unfortunately, we were looking for something that went into more detail about various aspects of finance—in particular loans, various types of long-term accounts, and investing. This did not satisfy that need, but it is good for what it is.

This book is more about a common sense philosophy about money than it is an actual plan. Richards' sketches are a creative way to illustrate his perspective, but you won't come away from this book knowing a path forward. I think that's one of the reasons people like Dave Ramsey and Suze Orman are so popular - they actually tell you specific things to do, and in the end I think that's what most people want. Or is it just me?

Good short read with some sound advice. The only quibble I have is the claim that a reason renting is cheaper than buying is because you don't have to pay for tax and maintenance I'd love to meet the landlord that didn't include those things in the cost of the rent!Definitely a recommended book though.

This was a solid little book for personal finance beginners, but also good for those of us with intermediate experience who need to be reminded to ask ourselves WHY money plays an important role in our lives. We need to understand our goals and how to organize our financial lives in order to achieve them.

Short, easy read. However, this isn't the book for you if you're looking for any technical advise - mostly talks about non-technical, human aspects that come into play during financial planning. Not many ideas in the book that made me think too differently from before. Not impressed.

Skimmed through most of this tonight. A solid intro to personal financial planning. Happy to see we are largely on track with the suggestions (automated saving, rebalancing, and YNAB FTW!). I’d recommend this for folks just starting out and getting their priorities lined up.

И эта книга стоит на полке центрального магазина Москвы. Стыдно. Книга капитана очевидность из разряда тратьте меньше чем зарабатываете. Пару мыслей только хороших: 1) знайте зачем вам деньги 2) покупайте не сразу, а давайте себе день на обдумывание

This book has some thought provoking questions about money and was very helpful in getting me to focus on what is important to me. I think this should be a must read for everyone. Down to earth and easy to understand. I highly recommend it.

Short, simple read; however, not the book for you if you are looking for anything close to technical advise - book essentially covers non-technical, human aspects of financial planning. Not many ideas that made me think differently than earlier.

It's very nice "manual" how to set up financial plan for each of us, perfect, rally!

Read 55%, then decided (after it sat for four months) not to finish. Simple financial plan, basic concepts, maybe good for beginners, but not especially compelling over other options.

Short, succinct, with understandable diagrams. Some will say simplistic, but the message is: don't overthink it! Get started!-- Karen, Merrillville Branch

A financial book without numbers intrigued me, but I didn't really like it.


  • ï The One-Page Financial Plan: A Simple Way to Be Smart About Your Money || ¿ PDF Download by ✓ Carl Richards
    173 Carl Richards
  • thumbnail Title: ï The One-Page Financial Plan: A Simple Way to Be Smart About Your Money || ¿ PDF Download by ✓ Carl Richards
    Posted by:Carl Richards
    Published :2019-02-07T13:13:26+00:00