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Financial Planning 101 Chart – How Much Money to Put Where?

A basic course on financial planning will teach you a lot about how to be financially better off.  This item is but a tidbit of advice.  DO NOT let someone convince you to put all of your savings into the stock market (directly, or by use of mutual funds, exchange traded funds, etc.).  Before investing, you should have your debt under control, meaning all debt paid off other than debts that are acceptable and that have reasonable interest rates (such as your home mortgage, education loan, business loan and a car loan to get you to work).  Then, you should follow the chart in the attached PDF article, review my other investing articles, and meet a qualified investment advisor or do your own investment research for more specifics.

Click here to download my Financial Planning 101 Chart.


Blair Corkum, CPA, CA, R.F.P., CFP, CFDS, CLU, CHS holds his Chartered Professional Accountant, Chartered Accountant, Registered Financial Planner, Chartered Financial Divorce Specialist as well as several other financial planning related designations. Blair offers hourly based fee-only personal financial planning, holds no investment or insurance licenses, and receives no commissions or referral fees. This publication should not be construed as legal or investment advice. It is neither a definitive analysis of the law nor a substitute for professional advice which you should obtain before acting on information in this article. Information may change as a result of legislation or regulations issued after this article was written.©Blair Corkum