Good Financial Reads: How To Make an Effective Financial Plan: Important Principles To Remember
Share this
3 Steps to Turn Financial Goals into an Action Plan
by Dawn Mabery Chestnut, Mabery Consulting
The New Year is typically when we make resolutions and set aspirational goals. As a solo entrepreneur, the beginning of the year is ideal for reviewing your personal and business financial progress and shortcomings and creating or adjusting your financial plan. Here’s how I get started each year and a sample of how an annual financial plan might look.
Reasonable but Arbitrary: The Best You Can Do with Many Financial Decisions
by Meg Bartelt, Flow Financial Planning
Have you ever had questions like these about your own finances? Wondered how to figure out the answer?
Change Your Financial Plan
by Joe Morgan, Best Financial Life
It might seem strange that I would suggest this given I don’t even know what your Financial Plan is, or even if you have one. But hear me out.
Financial Planning is all about Planning and Never about a Plan
If you have built a financial plan in the past, I would bet that it is outdated and worthless at this time. I can say this because every financial plan becomes worthless over time. What’s important is the process of planning.
Focus on Actual Cash Flow
by Joe Morgan, Best Financial Life
A lot of people like to use rules of thumb with their finances. Don’t fall for that. You are not average. No one is.
If the goal is to do everything you want in life and die with at least a dollar in your bank account, there is a simple equation to know whether you are on the right track.
It’s what you have plus what you make minus what you spend.
Following along with the blogs of financial advisors is a great way to access valuable, educational information about finance — and it doesn’t cost you a thing! Our financial planners love to share their knowledge and help everyone regardless of age or assets.
Share this
- Consumer Posts (706)
- From XYPN Members (562)
- Financial Advice (508)
- Financial Advisors (471)
- Financial Planning (445)
- From Our Advisors (422)
- Money Management (271)
- Advice (267)
- Financial Planners (204)
- Finding an Advisor (110)
- Saving and Earning Money (87)
- Finances (73)
- Financial Independence (64)
- Financial Planner (62)
- Retirement (61)
- Millennials (55)
- Budgeting (52)
- Investing (51)
- Debt Management (40)
- Current Events (30)
- Investment Management (30)
- Financial Life Planning (27)
- Taxes (27)
- Fee-only Financial Planning (26)
- College Planning (24)
- Tax Planning (22)
- Finance for Parents (20)
- Financial Decisions (19)
- Financial Plan (17)
- How to Budget (17)
- Credit (16)
- Tax (16)
- Working with a Financial Advisor (16)
- Homeowners (15)
- Investor (15)
- Saving (14)
- Financial Success (13)
- Gen X (13)
- How to Choose a Financial Advisor (13)
- CFP Certification (12)
- Employee Benefits (12)
- Gen Y (12)
- Marriage and Money (12)
- Student Loan Debt (12)
- Insurance (11)
- Robo Advisors (11)
- Buying a House (10)
- Credit Cards (10)
- Family (10)
- Health Care (10)
- Retirees (10)
- Virtual Advisor (10)
- Behavior (9)
- Financial Goals (9)
- Spending (9)
- Wealth (9)
- DIY Investing (8)
- Early Retirement (8)
- Lessons (8)
- Mortgage (8)
- Roth IRA (8)
- Small Business (8)
- Stock Options (8)
- Bear Market (7)
- Business Owner (7)
- Charitable Giving (7)
- Equity Compensation (7)
- Financial Wellness (7)
- Immigrants (7)
- Investment Planner (7)
- Kids and Money (7)
- Life Insurance (7)
- Life planning (7)
- Market Volatility (7)
- Recession (7)
- Savings (7)
- Charitable Donations (6)
- Charity (6)
- Choosing an Advisor (6)
- Common Financial Mistakes (6)
- Emergency Fund (6)
- Equity (6)
- Filing Taxes (6)
- Financial Planning Advice (6)
- How to Prepare for a Recession (6)
- Inflation (6)
- Questions (6)
- Real Estate (6)
- Risk (6)
- Risk and Investing (6)
- Security (6)
- Social Security (6)
- Stock Market (6)
- Strategy (6)
- Tax Return (6)
- Tax Season (6)
- The Market (6)
- Cash Flow (5)
- Cash Flow Planning (5)
- Elderly (5)
- Fee-Based Financial Planning (5)
- Fiduciary (5)
- Finance (5)
- Real Financial Planning (5)
- Risk Management (5)
- Time Management (5)
- Vacation (5)
- Behavioral Finance (4)
- CARES Act (4)
- Care (4)
- Combining Finances (4)
- Couples (4)
- Disability Insurance (4)
- Entrepreneurship (4)
- Estate Planning (4)
- Fee-only advisor (4)
- Guide (4)
- Health Savings Account (HSA) (4)
- Holidays (4)
- IRA (4)
- Industry Trends (4)
- Market Downturn (4)
- Marriage (4)
- New Job (4)
- Open Enrollment (4)
- Refinance My Mortgage (4)
- Roth Conversations (4)
- Small Business Owner (4)
- Value of Financial Planning (4)
- Banking (3)
- Bonds (3)
- Buying a Car (3)
- Capital Gains (3)
- Career Changers (3)
- Careers (3)
- Childfree (3)
- Choices (3)
- Cryptocurrency (3)
- ESG Investing (3)
- Financial Literacy (3)
- Financial Planning for Non-US Citizens (3)
- Giving (3)
- Housing (3)
- How to Buy a House (3)
- Identity Theft Protection (3)
- Income Tax (3)
- Initial Public Offering (IPO) (3)
- Interest rate (3)
- Meg Bartelt (3)
- Partnership (3)
- Paystub (3)
- Planning (3)
- Restricted Stock Units (RSU) (3)
- Setting Goals (3)
- Stress & Anxiety (3)
- Tax Preparation (3)
- Wealth Management (3)
- Women (3)
- Year-End (3)
- Aging (2)
- Asset Location (2)
- Bankrupt (2)
- Beneficiaries (2)
- Bonus & Cash Gifts (2)
- Capable Wealth (2)
- Childcare (2)
- Comprehensive Financial Planning (2)
- Consumer Protection (2)
- Coverage (2)
- Donations (2)
- Earnings (2)
- Exchange-Traded Funds (ETF) (2)
- Financial Aid (2)
- Financial Considerations When Living Abroad (2)
- Financial Freedom (2)
- Financial Independence, Retire Early (FIRE) (2)
- Financial Planning for Women (2)
- Financial Preparedness (2)
- Freelancing (2)
- Graduates (2)
- Growing Income (2)
- Holiday Season Budget (2)
- IRA Inheritance (2)
- Inheritance (2)
- International financial planning (2)
- Layoff (2)
- Living abroad (2)
- Loan forgiveness (2)
- Mistakes (2)
- Mutual Funds (2)
- Net Worth (2)
- Next Generation Financial Planning (2)
- Online Identity Protection (2)
- Pandemic (2)
- Philosophy (2)
- Portfolio Management (2)
- Preparing for Pregnancy (2)
- Real Estate Investing (2)
- Renting (2)
- Sabbatical (2)
- Side Hustle (2)
- Start Ups (2)
- Stocks (2)
- Tax Refund (2)
- Tax Savings (2)
- Technology (2)
- Trusts (2)
- Uncertainty (2)
- Vehicle (2)
- Visas (2)
- Work Life Balance (2)
- Acquisition (1)
- Advisor Success (1)
- Advisors (1)
- Assets Under Management (AUM) (1)
- Automation (1)
- Balance (1)
- Balance Sheet (1)
- Bargain (1)
- Bull Market (1)
- Business (1)
- Challenges (1)
- Changes (1)
- Check in (1)
- Corporate Banking (1)
- DIY (1)
- Data (1)
- Daycare (1)
- Disability Accounts (1)
- Disasters (1)
- Diversity (1)
- Earn More (1)
- Economics (1)
- Education (1)
- Emotional Decisions (1)
- Entry-level (1)
- Ethan Miller (1)
- Experience Wealth (1)
- Factor Tilts (1)
- Female Financial Planners (1)
- File Storage (1)
- Financial Education (1)
- Financial Planning Fees (1)
- Financial Planning Process (1)
- Financial Triage (1)
- Financially Stuck (1)
- Hiring (1)
- How to Choose a Bank (1)
- How to be a Financial Advisor (1)
- Income (1)
- Investing in opportunity zones (1)
- Job burnout (1)
- Just married (1)
- LGBTQIA+ (1)
- Landlords (1)
- Learning (1)
- Liquidity (1)
- Liquidity premium (1)
- Loans (1)
- Management (1)
- Mental Health (1)
- Merging Finances (1)
- Military Finance (1)
- Mindset Shift (1)
- Minimalism (1)
- Motherhood (1)
- Multi-level Marketing (1)
- NewLeaf Financial (1)
- Newlyweds (1)
- NextGen (1)
- Niche Marketing (1)
- One-time Income (1)
- Opportunity Zones (1)
- Physicians (1)
- Prenuptial Agreement (1)
- Productivity (1)
- ROI (1)
- Recommended Reading (1)
- Recovering From Financial Hardship (1)
- Recurring Income (1)
- Reflection (1)
- Reg BI (1)
- Remote (1)
- Risk Assessment (1)
- SECURE 2.0 act (1)
- Socially Responsible Investing (SRI) (1)
- Special Needs (1)
- Splitting Finances (1)
- Systems (1)
- Tax Harvesting (1)
- Tech Professionals (1)
- Theory (1)
- Transitioning Advisor (1)
- Virtual (1)
- Windfall (1)
- XYPN News (1)
Subscribe by email
You May Also Like
These Related Stories

Good Financial Reads: Financial Planning Advice for Beginners

229 Things You Shouldn’t Do Without First Talking to Your Financial Planner
