MONIE Orchards - Personal Financial Planning

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MONIE Orchards

A financial community for ordinary people

Piet Strydom

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Financial Planning

We want to show that Financial Planning and Investment is not necessarily a complicated topic. Yes, it can become extremely complicated, but it does not have to be. In the list below, we will give you a number of Essential Questions that needs to be covered in any financial plan. We will also cover a list of Basic Financial Building Blocks that can be used to respond to those questions.

Our aim is not to act as your financial planner or advisor, but to equip you with information so that you can better interact with them.

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The Essential Financial Questions⁠

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Basic Financial Building Blocks⁠

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Using the Building Blocks to Answer the Essential Questions⁠

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Short Thoughts⁠

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Suggested Reading List

Suggested Reading List

Name

Author

Comments

Rich Dad, Poor Dad

Robert Kiyosaki

By now a fairly old book, but the information is timeless. It deals with the different ways that rich people and poor people think about money. Words and thoughts have meaning, and shape our lives.

Cashflow Quadrant

Robert Kiyosaki

In this book Kiyosaki introduces his Cashflow Quadrant. It shows the different sources from where one can derive cash, either Employed, Self-employed, as a Business Owner and/or an Investor. None of the first three is inherently better than the other two, but be aware of where you are, and whether it suits your personality and ambition the best. I believe that the fourth is important for each and every individual - because that is also where we prepare for our retirement. You don’t have to become a Wall Street Trader, but it is important to educate yourself as much as possible in this area.

The Total Money Makeover

Dave Ramsay

I Do not like Ramsay philosophy about money and his ideas about the poor. But he does have some good ideas, especially if you are nit interested in becoming much of an investor.

Thinking in Systems - A Primer

Donella H Meadows

Essential for living in the modern world. Most people tend to perceive the world through events. But the world does not consist of random events, but rather of interrelated processes. This book will give you some tools to better understand the world we live in, and allow us to build better models of it, so that we can understand better how to influence it.

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On My Radar Newsletter.

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Steve Blumenthal

Steve writes an excellent newsletter. It can get technical in parts, but the gist is very understandable and useful.

Various people not on TV

Ray Dalio

John Maudlin

Steve Blumenthal

You will very seldomly if ever see these guys talking on TV. They are too busy doing. But really good information comes from them. Most of the people appearing on cable and other TV news shows are professional talking heads, rather than professional investors. Rather take information from the doers than the talkers.

There are no rows in this table

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Gallery

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