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Financial Planning a Flowchart

This is for those of us who really do try hard to create financial plans but then end up not following them. Worse they abandon them without giving them a chance to succeed. For those folks, I have created the following graphic. Not I do not go into specifics like high interest savings accounts or the like, just the basics.

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

Feel Free to Comment

  1. 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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