In The One Page Financial Plan, Carl Richards approaches personal finance from the ‘why’, instead of the ‘how’. Richards emphasizes over and over that financial planning is pointless if it doesn’t accomplish your goals. He stresses the importance of figuring out why money is important to you, and what you want to accomplish. This lays out the foundation for setting goals that are appropriate for you, rather than cookie cutter goals that the financial industry thrusts on you.
The title comes from the concept that everyone should have a one page (meaning written down) plan listing their goals at different stages of life, along with a brief summary of how they are going to get there.
Carl Richards is a financial adviser, and he communicates financial concepts better than many experts out there. What really sets him apart is that he is willing to challenge the norms in the financial world, tackling things such as insurance and home buying.
Should you read it? I think so. I think he takes a very sensible approach to money and financial planning. Perhaps he will challenge some ‘norms’ that you hold. Perhaps he will inspire you to pursue your actual goals, rather than the goals you think you should have. Find it at your local library, or buy it used on Amazon for only $2.50.
While I do strive to only write accurate information and dispense valuable advice, I am not a licensed financial adviser. All information is based solely on my personal experience and personal research and should be treated as such. Find out more.