The One-Page Financial Plan Book Summary - The One-Page Financial Plan Book explained in key points
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The One-Page Financial Plan summary

Carl Richards

A Simple Way to Be Smart About Your Money

4 (210 ratings)
12 mins

Brief summary

The One-Page Financial Plan by Carl Richards is a practical guide that helps you create and implement a personalized financial plan by simplifying complex concepts and providing actionable steps to achieve financial freedom and security.

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    The One-Page Financial Plan
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    First you have to discover why money is important to you.

    The foundation of every successful financial plan is the answer to a simple question: Why is money really important for me? Take a moment and think about this question before reading on, and write down your answer at the top of a piece of paper. You’ll need it later.

    Asking why money is important to you helps you to define what you value, which in turn will help you develop a financial plan that fits your individual needs.

    As an example, think about the last time you went to the doctor. Your doctor doesn’t give every patient the same medication. They first need to ask what’s wrong in order to determine a fitting treatment.

    The same goes for financial plans. Knowing why you value money will aid in the examination of your financial situation. Only then can you develop a “treatment” that will work for you.

    Someone who wants to save money to travel the world and someone who wants to have a secured pension will likely have financial plans that look totally different from one another. Whereas one might want to invest in an RV, the other might want to invest in a good pension fund.

    Knowing why you value money also helps you assess whether the way you spend your time reflects your values. Imagine that you value money because it gives you the financial freedom to spend more time with your family.

    Now imagine that you run an independent business and spend all weekend on Twitter trying to increase your followers to grow your personal brand. You spend so much time on Twitter that you interrupt dinnertime conversations with your family to reply to tweets and check your followers. Are you really living according to your values?

    Now that you’ve determined why money is important to you, it’s time to formulate some goals to guide your financial future.

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    What is The One-Page Financial Plan about?

    The One-Page Financial Plan (2015) makes budgeting easy: once you know why money matters to you, it’s just a matter of making sure you’ve got enough to do what you want with it, whether it’s creating a stable income or saving for the future. This simple planning solution will give you all the tools, tips and tricks you need to realize your financial dreams.

    The One-Page Financial Plan Review

    The One-Page Financial Plan (2015) by Carl Richards is a must-read for anyone looking to take control of their finances and create a clear financial roadmap. Here's why this book is worth your time:

    • Richards offers practical, actionable advice on how to simplify your financial goals and align them with your values.
    • The book combines real-life examples and case studies to illustrate key concepts, making it relatable and applicable to readers' own situations.
    • Its engaging storytelling keeps readers hooked from start to finish, ensuring that learning about personal finance is anything but boring.

    Who should read The One-Page Financial Plan?

    • Anybody who needs help planning for their financial future
    • Anyone who wants to save money
    • People who think budgeting is dull and boring

    About the Author

    Carl Richards is a leading financial advisor and contributor to Yahoo Finance as well as a weekly columnist at the New York Times. He is also the author of the critically acclaimed The Behavior Gap.

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    The One-Page Financial Plan FAQs 

    What is the main message of The One-Page Financial Plan?

    The main message of The One-Page Financial Plan is to simplify your financial life and create a clear plan for your money.

    How long does it take to read The One-Page Financial Plan?

    The reading time for The One-Page Financial Plan will vary. However, the Blinkist summary can be read in just 15 minutes.

    Is The One-Page Financial Plan a good book? Is it worth reading?

    The One-Page Financial Plan is worth reading as it provides practical steps to take control of your finances and achieve your financial goals.

    Who is the author of The One-Page Financial Plan?

    The author of The One-Page Financial Plan is Carl Richards.

    What to read after The One-Page Financial Plan?

    If you're wondering what to read next after The One-Page Financial Plan, here are some recommendations we suggest:
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