1. The One-Page Financial Plan

By Carl Richards

2. Summary

- This book is about budgeting and investing.

  • Budgeting is hard, but everyone has to learn how to do it to get ahead in this world. Investing in your future and thinking about money is crucial.

    • Simple way to do both.

3. Why Money is Important to You, What are your goals, and how can you fine tune to reach them?

- You need to figure out how you value money and understand that everyone is different just like when you go to the doctors, so figure that out about yourself first. Are you really living according to your values?

  • Fine-tune your financial goals and values when unpredictable things happen in life and think of plan A, B, and C. Goals aren't set in stone. Goals an be for yourself, for your loved ones, but remember they can change.

    • Learn to Save and practice every time you get money.

4. Make a Balance Sheet and Track 

- Your current financial situation, know your money.

  • Figuring out your assets and liabilities. Complete a T-Shape balance sheet where you write down your assets on the left side and your liabilities on the right.

    • Assets: Investments and savings​

    • Liabilities: Mortgage and debts

  • Knowing where you stand can help you save more, and pay debts off quicker.

  • Track your money and learn where you can save. Spend Less

5. Paying off Debts, Saving, and Invest like a scientist. 

- Pay off debts as a form of investment. Pay off the loans with the highest interest rate first so that you are not throwing away money. 

  • Before you invest in something, study that something like a scientist. No single stock is going to be your golden ticket, spread your risk over as many sectors as possible. Your portfolio should be in both big and small companies. 

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P&A: Results may vary person to person and based upon your work ethic and how much you care. Are you humble enough to say you are unbalanced? I'm here to guide with examples.

Please Note: The author of this site is not engaged in rendering professional advice or services to the individual reader. The ideas, procedures, and suggestions contained within this work are not intended as a substitute for consulting with your physician. All matters regarding your health require medical supervision. The author shall not be liable or responsible for any loss or damage allegedly arising from any information or suggestions within this blog. You, as a reader of this website, are totally and completely responsible for your own health and healthcare.

*Your results may vary. Testimonials and examples used are exceptional results and are not intended to guarantee, promise, represent and/or assure that anyone will achieve the same or similar results.

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