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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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    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? ›

    The book underscores the significance of setting clear and achievable financial goals. Richards suggests categorizing goals into short-term, medium-term, and long-term objectives. Prioritizing these goals allows individuals to allocate resources effectively and work towards accomplishing what matters most to them.

    What is the summary of the one page financial plan? ›

    “The One-Page Financial Plan” promotes a holistic approach to personal finance, emphasizing the importance of aligning your money with your life goals and values. By keeping your financial plan simple and focusing on your priorities, you can gain clarity and confidence in your financial decisions.

    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

    Which financial book should I read first? ›

    1. The Only Investment Guide You'll Ever Need, by Andrew Tobias. If you are truly just starting out in your investing journey, this book is a great place to start. You'll learn tips on how to save and invest for your future and get excellent advice on what to avoid in the financial world.

    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.

    How to achieve financial freedom Robert Kiyosaki? ›

    Mind Your Own Business: Kiyosaki advocates for taking control of your financial destiny by focusing on building your own business or investing in income-generating assets. This mindset shift from being an employee to a business owner or investor is crucial for achieving long-term financial stability.

    How do I make a one-page plan? ›

    How to create a one-page strategic plan
    1. Start with the foundation. ...
    2. Define your competitive advantages. ...
    3. List your goals. ...
    4. Define your KPIs. ...
    5. Determine your implementation model. ...
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    8. Include your plan in strategy reviews.
    Feb 3, 2023

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    The Total Money Makeover
    AuthorDave Ramsey
    PublisherThomas Nelson
    Publication date2003
    Media typePrint Hardcover, audiobook and ebook
    Pages237
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    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 the simple path to wealth? ›

    Product information
    ASIN‎B0BQ9L11HD
    Paperback91 pages
    ISBN-13‎979-8365761247
    Item Weight‎6.7 ounces
    Dimensions‎6 x 0.23 x 9 inches
    6 more rows

    What is the best book on financial planning? ›

    Young professionals and retirees alike can optimize their finances with these books:
    • The Simple Path to Wealth. ...
    • The Psychology of Money. ...
    • The Automatic Millionaire. ...
    • The Millionaire Next Door. ...
    • The Money Book for the Young, Fabulous, & Broke. ...
    • The Wealthy Barber. ...
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    • Your Money Your Life.
    Feb 15, 2024

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    Rich Dad, Poor Dad by Robert T. Kiyosaki is the best-selling finance book in the world. It has been translated into several languages and sold in many countries.

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    These finance books can help you make a success of money no matter your circ*mstances.
    • The Psychology of Money. by Morgan Housel. ...
    • Same as Ever. by Morgan Housel. ...
    • No Worries. by Jared Dillian. ...
    • The Art of Execution. by Lee Freeman-Shor. ...
    • The 4-Hour Workweek. by Tim Ferriss. ...
    • The Naked Trader. ...
    • Liar's Poker. ...
    • Best Loser Wins.
    Feb 19, 2024

    What was one part of Hamilton's financial plan? ›

    Hamilton issued a bold proposal. The federal government should pay off all Confederation (state) debts at full value. Such action would dramatically enhance the legitimacy of the new central government. To raise money to pay off the debts, Hamilton would issue new securities bonds).

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    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.

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    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.

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    He describes how finance has historically contributed to the good of society through inventions such as insurance, mortgages, savings accounts, and pensions, and argues that we need to envision new ways to rechannel financial creativity to benefit society as a whole.

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