Carl Richards

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THE ONE-PAGE FINANCIAL PLAN

PORTFOLIO PENGUIN

UK | USA | Canada | Ireland | Australia
India | New Zealand | South Africa

Penguin Books is part of the Penguin Random House group of companies whose addresses can be found at global.penguinrandomhouse.com.

First published in the United States of America by Portfolio/Penguin, a member of the Penguin Group (USA) LLC, 2015
First published in Great Britain by Portfolio Penguin 2015

Copyright © Carl Richards, 2015

Cover photograph: A-R-T/Shutterstock

The moral right of the author has been asserted

ISBN: 978-0-241-97167-3

Contents

INTRODUCTION

PART ONE

Discovery

CHAPTER 1

The Most Important Money Question

CHAPTER 2

Guess Where You Want to Go

CHAPTER 3

Get Really Clear About Your Current Location

PART TWO

Spending and Saving

CHAPTER 4

Budgeting as a Tool for Awareness

CHAPTER 5

Save as Much as You Reasonably Can

PART THREE

Investing

CHAPTER 6

Buy Just Enough Insurance—Today

CHAPTER 7

“The Best Investment I Ever Made”: Borrowing and Spending Wisely

CHAPTER 8

Invest Like a Scientist

PART FOUR

Strategies for Avoiding the Big Mistake

CHAPTER 9

Hire a “Real Financial Advisor”

CHAPTER 10

Behave, for a Really Long Time

ACKNOWLEDGMENTS

NOTES

FOLLOW PENGUIN

ABOUT THE AUTHOR

Carl Richards is a certified financial planner and a columnist for The New York Times, where his weekly Sketch Guy column has run every Monday for over five years. He is also a columnist for Morningstar magazine and a contributor to Yahoo Finance. His first book, The Behavior Gap, was very well received, and his weekly newsletter has readers around the world. Carl Richards is a popular keynote speaker and is the director of investor education for the BAM ALLIANCE. You can find his work and sign up for his newsletter at behaviorgap.com. Carl Richards lives with his family in Park City, Utah.

To the Secret Society of Real Financial Advisors: Thank you for the difference you’re making in the world