The One Page Financial Plan

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The One Page Financial Plan is a financial planning book written by author Carl Richards. In it, he discusses the keys to creating a successful financial plan and how it can all fit on a single sheet of paper. Today we go over the key ideas discussed in the book.

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[blackbeltfinance]

Desire is the starting point of all achievement.

Napoleon Hill

[bridgettetraveler]

Great advice! I truly wish I had heard this 30 yrs ago when I was younger! I'm playing catch-up! But doing well! Thank u for this message!!!

[modernadulting]

One of the most important steps to a successful financial plan is paying back your debts, especially the bad ones. Because debt will only increase if you do not actively work to pay it off. You should include a significant amount of money for debt repayment in your budget.

[lindam.]

I wish these videos were around 30 years ago!!

[DataIsMostlyBeautiful]

Thank you, good sir.
Subscribed, and liked.

[sreyaadhikary]

Awesome video and animation was ❤️❤️❤️

[elizaknight]

Thanks for the video. I tried M1 Finance, but at the end, I decided to use Fidelity instead. Since I quite like their mutual fund.

[hellsingghrey]

Can you upload a picture of what that would look like? I design financial reviews, so I'm really curious to see how that would work on one sheet of paper.

[jeruzaferreirasantos]

Já estou participando da financial plan

[MitchMurrayMusic]

Hi can you please provide a similar video that considers a single person with a freelance/self employed/non-regular income that can be adapted for a relationship. Cheers

[hectorvalen]

I almost spent 3200 on apple products it's a good thing I waited.

[Stuntman]

I love your content! Four ads on a 12 minute video seems excessive though.

[thinkpassiv]

Great videos. Which program do you use for voice over?

[Carlos-uxgv]

About evaluating expending, the last few days of December, a lot of Pickups (a very expensive car in my country) began to park near my car at home. It is my dream car since I was 7 yo and I thought: "why not?". Then I began doing some research. A used, 10 years old double cab diesel pickup is about 65000 BRL (~16k USD). That money, invested in government bonds would give me 260 BRL (65 USD) per month, so by buying the car right away I lose those 260 bucks/mo in opportunity cost (180 if I sold my current car). The mileage and maintenance cost would be basically the same as my current car, so no increased cost here.

But both the theft insurance and the taxes are three times higher than my current car. Taxes here are paid per the car value, not per the car weight. In the end, buying that car would net me an increased cost of 780 BRL per month (180 op. cost + 600 in taxes/insurance). That would increase the amount of money I would need for my Financial Freedom by 195 000 BRL (5% yearly rate), delaying it by a few years. I can wait.

[michiganabigail]

What are my goals? I want to be comfortable supporting myself and I want to save for retirement. I also want to pay off my house and make it a comfortable place to live.

[jamian]

Does anyone have an excel sheet to see how much to save for xyz retirement age?

[delmancheconsultants]

Hi could anyone explain the equation given at 10:15?

[CarloRizzante]

My personal one page financial plan: spend it all as soon as I get it. Maybe I should consider changing that...

[KishaMiles]

What does an emotional balance sheet look like for someone who's single or a single parent?

[Bill]

Absolutely breathtaking! I encountered content with a similar theme, and it was mind-boggling. "Mastering Money Mindfulness" by Benjamin Hawk