The Haiku Financial Plan
While I can’t say that learning poetry in English classes over the years did a lot for me… e.g., I’ve yet to find a use of iambic pentameter in my daily life… Haiku is a different story.
Haiku might be useful for conveying emotion and deep meaning, but I’ve always found the 5-7-5 syllable limit poems useful for cutting fluff, getting to the point, and perhaps a bit of levity.
The financial planning industry is always twisting itself in knots about the right size and format of a financial plan. I believe I have the answer. Read on to understand how to transform your financial life, 17 syllables at a time!
Contentment
Constant need for things
Enough always out of reach
Probably stay poor
Debt
Misread Rich Dad Book
Compounding going wrong way
Eat cat food later
Cards
Plastic makes us spend
Card company knows it’s true
Points, perks can be trap
Insurance
Self-insured is goal
Buy cheap Term, but don’t be cheap
Beware salesman!
Budgeting
Schedule your money
Not what you make… what you keep!
Having choices rocks
Roth maximization
Without crystal ball
Future taxes can’t be known
Roth is the best hedge
TSP Match
Always get the match
Peanut butter spread all year
Increase percent soon
Risk while young
Invest for decades
Compounding is the magic
Stocks have done the best
Investing
Passive index best
You get what you don’t pay for
Suppress cost and tax
Investing 2
Buy low and sell high
Or buy now and sell never
Don’t sit on sideline
Sound real estate maneuvers
Passive income farce
Tenant drama and workload
Tax perks have glitches
Finance as a couple
“And now, You are One…”
Money fights eat marriages
Spend, save together
Taxes (state, MSRRA, mil benefits/deployments)
Mil years lowest tax
Tax law written in pencil
Revisit each year
Taxes
Patriotic job?
Complexity grows with wealth
No tip for tax man!
Wills
A Will is a must
Take care of your family
Or the State will not
Trusts
Trust is Will on Roids
Meter flow to teenagers
Probate is the worst!
College funding
College costs soaring
Transfer GI Bill ASAP
Start 529 now
Financial advice
Skip sales culture
Fee-only is the least-worst
If insurance… run!
Financial education
Caveat Emptor
Basic level is needed
Books beat internet
Goals
PCS blocks goals
Setting direction works too
Wealth brings future choice
Credit
Vanity metric
Mind credit but don’t chase it
Beware ID fraud
Emergency Fund
E-fund insurance
Job loss, black swans, can happen
Why risk family?
Teaching Kids to Money
Allowance not best
Teach kids to work for money
Learn its value young
Cleared to Rejoin
I’ll admit that there could be a little more to financial planning than one can fit in short-form poetry, but the basics are all there! If you fancy yourself a money-nerd-poet, please feel free to add to this compendium of Haiku financial wisdom!
Fight’s On!
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