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A Simple Way to Be Smart About Your Money

A Simple Way to Be Smart About Your Money

By Carl Richards

By Carl Richards

Best Seller

Category: Personal Finance

Category: Personal Finance

Hardcover $26.00

Mar 31, 2015 | ISBN 9781591847557

Ebook $14.99

Mar 31, 2015 | ISBN 9780698184565

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    The One-Page Financial Plan by Carl Richards: 9781591847557 | PenguinRandomHouse.com: Books (4)

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    Mar 31, 2015 | ISBN 9781591847557

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    About The One-Page Financial Plan

    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 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 pileup, 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 more, 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.

    About The One-Page Financial Plan

    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 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 pileup, 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 more, 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.

    Also by Carl Richards

    See all books by Carl Richards

    Also by Carl Richards

    See all books by Carl Richards

    About Carl Richards

    CARL RICHARDSis a certified financial planner, author ofThe Behavior Gap, and the director of Investor Education for The BAM Alliance. His column, “The Sketch Guy,” runs weekly onThe New York TimesWeb site, and he is a columnist forMotley FoolandMorningstar Magazine…. More about Carl Richards

    About Carl Richards

    CARL RICHARDSis a certified financial planner, author ofThe Behavior Gap, and the director of Investor Education for The BAM Alliance. His column, “The Sketch Guy,” runs weekly onThe New York TimesWeb site, and he is a columnist forMotley FoolandMorningstar Magazine…. More about Carl Richards

    Product Details

    Category: Personal Finance

    Hardcover | $26.00
    Published by Portfolio
    Mar 31, 2015 | 224 Pages | 5-1/2 x 8-1/4 | ISBN 9781591847557

    Category: Personal Finance

    Ebook | $14.99
    Published by Portfolio
    Mar 31, 2015 | 224 Pages | ISBN 9780698184565

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    Praise

    “In a world where financial advice is (often purposely) complicated and filled with jargon, Carl distills what matters most into something that is easy and fun to read. The true measure of a brilliant book is whether the material is as relevant to an industry expert as it is to a layperson. The One-Page Financial Plan unquestionably is. Buy two copies—one for yourself and one to hand to the nearest pundit.”
    Morgan Housel, columnist, The Wall Street Journal


    “There are very few financial writers who have been more influential for me than Carl Richards. Carl has done more to simplify the investing process than anyone else in America. His trademark combination of wit and illumination make The One-Page Financial Plan an instant classic in the genre. Don’t invest another cent before you’ve digested this highly readable lesson.”

    Joshua M. Brown, CEO of Ritholtz Wealth Management and author of Backstage Wall Street


    “No one in the financial industry communicates like Carl Richards. And this is a skill especially evident in The One-Page Financial Plan. If you’re skeptical that an effective plan for your life and your money can be limited to a single page, I encourage you to put Carl’s process to the test. I’m confident that, like mine, your time and effort will be well rewarded.”
    Tim Maurer, wealth advisor for Buckingham Asset Management and Forbes contributor


    “Feeling tormented by your finances? Read this book. Now. The One-Page Financial Plan helps you identify what you truly want from life, get crystal clear about the financial position you are starting from today, and develop a simple, actionable plan to narrow the gap between the two.”

    Manisha Thakor, Director of Wealth Strategies for Women at Buckingham and the BAM ALLIANCE

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    FAQs

    What is the one-page financial plan by Carl Richards summary? ›

    Brief summary

    The One-Page Financial Plan by Carl Richards is a practical guide that helps you create and implement a personalized financial plan by simplifying complex concepts and providing actionable steps to achieve financial freedom and security.

    What is a one-page financial summary? ›

    A one-page financial plan is meant to provide clients with a snapshot of their goals and the steps they'll take to reach them. If you've created a more in-depth financial plan for your clients, you could think of the one-page plan as the Cliff Notes version.

    How many pages is the one-page financial plan? ›

    Product information
    Publisher‎Portfolio; Illustrated edition (March 31, 2015)
    Language‎English
    Hardcover224 pages
    ISBN-10‎1591847559
    ISBN-13‎978-1591847557
    6 more rows

    What is an ideal financial plan? ›

    NerdWallet recommends the 50/30/20 budget principles: Put 50% of your take-home pay toward needs (housing, utilities, transportation and other recurring payments), 30% toward wants (dining out, clothing, entertainment) and 20% toward savings and debt repayment.

    What is the summary of money for nothing? ›

    Money for Nothing dives into the most famous financial scandal in the history of modern capitalism, the South Sea Bubble. The South Sea Company had been formed formed to trade with Spanish America. But it had almost no ships and did precious little trade.

    What is a one page story summary? ›

    What is a one-page synopsis? Also known as a “one-pager,” the one-page synopsis is a summary of the story that your screenplay tells. Although it's called a “one-pager” it's pretty common for the document to run 1-2 pages. (Unless you're working with an official word count limit, like for an application.)

    What is the purpose of a one page plan? ›

    One of the best tools we use to help communicate an organization's strategic direction and long-term focus is a One-Page Plan. A One-Page Plan is just that – a single page overview of your plan, priorities, and direction.

    What is a one page series summary? ›

    To summarise, the one page synopsis must include: the event, without which the story would not begin; the decisions and actions the characters make in pursuit of their goals; the obstacles and barriers they encounter and what they do about them; whether they win or lose; and where we leave them in the end.

    How many pages is the one page marketing plan? ›

    Product Details
    ISBN-13:9781989025017
    Pages:228
    Sales rank:125,081
    Product dimensions:5.90(w) x 9.00(h) x 0.70(d)
    Age Range:18 Years
    2 more rows

    How long is one book page? ›

    On average, novels are around 90,000 words long. One book page generally contains 250-300 words, so a 90,000-word book amounts to 320 pages. But the length of your novel depends largely on its genre.

    How many pages is a first chapter usually? ›

    Chapters do not have to be uniform in length. They can be half a page to twelve pages long, though, five to eight pages seems to be the norm in contemporary children's and young adult novels. Novel length is determined by your genre.

    What is the financial page of a business plan? ›

    The financial section is composed of four financial statements: the income statement, the cash flow projection, the balance sheet, and the statement of shareholders' equity. It also should include a brief explanation and analysis of these four statements.

    What is the summary of unshakeable your Financial Freedom playbook? ›

    In our Unshakeable summary, we touch on how you can start to leverage on the power of compounding and build your retirement funds. The book also covers 7 “Freedom Facts” which can free you from much of the irrational fear and anxiety about financial markets.

    What is the description of Hamilton's financial plan? ›

    Hamilton's vision for the economic foundation of the United States included three main programs: 1) the federal assumption of state debts, 2) the creation of a Bank of the United States, and 3) support for the new nation's emerging industries.

    What is the synopsis of Dave Ramsey's complete guide to money? ›

    Dave Ramsey's Complete Guide to Money covers the A to Z of Dave's money teachings, including how to budget, save, dump debt and invest. You'll also learn all about insurance, mortgage options, marketing, bargain hunting and the most important element of all―giving.

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