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Radical Personal Finance

289-The Impact of Your Behavior on Your Financial Results: Interview with Carl Richards, author of The Behavior Gap and The One Page Financial Plan

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Finance, Retirement, Insurance, Business, Money, Education, Self-improvement, Financial, Independence, Growth, Advice, Investing, Family, Personal, Radical, Christian, Faith

4.41.9K Ratings

🗓️ 3 February 2016

⏱️ 68 minutes

🧾️ Download transcript

Summary

What makes a bigger difference on your financial outcome: the behavior of your investments or the behavior of you, the investor?

Today I have an awesome interview for you with Carl Richards, author of "The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money" and "The One-Page Financial Plan: A Simple Way to Be Smart About Your Money."

Both books are well worth your time.

In addition to being a financial advisor, Carl is the awesome dude behind the Sketch Guy column in the New York Times.

Enjoy the interview!

Joshua

Transcript

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0:00.0

Today on Radical Personal Finance, I have a radical interview for you with Mr. Carl Richards from the

0:04.5

Behavior Gap.

0:05.7

Carl's an awesome guy and his specialty is building financial plans that fit on a single

0:11.0

page and developing art out of financial concepts that fits onto a single

0:19.3

napkin. And the Welcome to the Radical Personal Finance Podcast. My name is Joshua Sheets and I'm your

0:39.8

host. Thank you for being with me today. This is the show where each and every day I come to you and share with you some ideas that will teach you how to build a lifestyle that is rich now.

0:52.0

And also how to build a plan for financial freedom in 10 years or less.

0:57.0

Plans should be simple and today we're going to talk about exactly that. My guest today is Carl Richards. Carl is a

1:10.3

financial planner but most importantly I guess for this topic is he's grown

1:14.6

from a position of being an individual financial planner. You'll hear the story into

1:18.8

the interview today about how he became a planner but he's grown from that position

1:22.4

to kind of being a leader of the industry.

1:24.7

He's written a book called The One Page Financial Plan, among other books.

1:28.0

That book is really, really excellent because he focuses on the need to simplify the world of finance.

1:33.4

Carl's claim to mass notoriety, though,

1:36.4

is that one day he started drawing pictures on a napkin.

1:39.6

And those pictures now are called art. And not only are they sold for a lot of money but they're

1:44.8

actually published every week in the New York Times as part of his sketch guy column

1:48.3

which is pretty cool. Carl's an awesome guy I was able to connect with him and met him

1:52.1

for the first time at X Y PN 15 and also FinCon 15 and we met there

1:59.0

and then we did the interview a little while after that.

2:01.6

Quick note be gentle with me today.

...

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