Financial Planning a Flowchart
For those of us who really do try hard to create financial plans but then end up not following them (or worse abandon them without giving them a chance to succeed), I have created the following graphic.
For those of you who do not remember your basics of flow charting (yes I am that old), remember to follow the arrows (and the comments in bold on the arrows are the reasons you are going in that direction).
The best part of this is I have completely minimized the hardest parts of this process, which is creating the actual plan and implementing it (and sticking to it). I am pretty sure I have seen this flow chart at a few free financial planning sessions for folks that I have been roped into attending.
Remember stick with your plan, even after you think you have succeeded, it has to be a life change, not just short term pain (it’s long term pain!).
How Financial Planning in Families REALLY works
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November 29th, 2011 at 11:13 AM
This is an interesting take on financial planning and I feel damn old for I still recognize these flow chartng symbols
If only we can break down complex and seemingly complex financial concepts in a easy-to-understand level then more and more people will be more adept in financial planning. So, thanks for taking time to create a flowchart and for the trip back to flowcharting
Maybe next time a flow chart for basic investing will be a great post.
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December 3rd, 2011 at 4:16 PM
[...] It’s that time of year where you start your financial planning for the coming year. This week the Canadian Personal Finance Blog shared some great advice with his Financial Planning: A Flowchart. [...]
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