88 | The One Pager: Why and How?
Traditional financial planning uses incomplete information to try and predict an uncertain future.
That's a bad combination.
The one pager uses complete information to prepare for an uncertain future.
The initial build of the one pager will feel like a deeper dive into your finances than you have ever done.
The information is specific, precise, and intentionally selected to tell your "numbers story" in the most concise manner possible.
Many people find that the process of building is more helpful than any other work they have ever done around their finances.
Once the one pager is built, you will have a tool to inform every single financial conversation and decision going forward.
The subsequent refreshers of the one pager will feel easy, effortless, and simple.
But there's an important distinction - it won't feel simple because it is simplistic.
Simplistic is not helpful - it is often incomplete, ignores nuance, and lacks depth.
Complex isn't helpful either - it overwhelms, distracts, and disorients. Complex is the primary residence of most financial service providers.
What you will experience is what Carl Richards would call elegant simplicity.
Elegant simplicity sits on the far side of complexity, but it is not easily attained.
Elegant simplicity is complete, appreciates nuance, and drives depth. It calms, clarifies, and orients.
The one pager was designed to cut through the complexity, embrace elegant simplicity, and change the way you think about money forever.
Here is what we will need...
Things that are easiest to gather online by logging in together…
- Balances from the start and end of the most recent year for all of your bank accounts
- Balances from the start and end of the most recent year for all of your investments accounts
- Balances from the start and end of the most recent year for all of your debt (i.e. mortgage, car loans, students loans, etc.)
Things that you may have to gather before we look at them together...
- Paystub or summary of income for the entirety of the most recent year
- Tax return for the most recent year filed
Things that we will be able to discuss...
- Summary of any real estate that you own
- Summary of any businesses that you own
- Summary of any life insurance policies that you own