“Before anything else, preparation is the key to success.”

  — Alexander Graham Bell

“The Five P’s of Money Management” is a system that shows you how

to improve your financial life—and, by extension, your overall life. It has five main parts, each with actionable worksheets, checklists and illustrations.


Part One: Prioritize Financial Fitness

A guide to documenting a comprehensive financial inventory. Within this part there are two worksheets to fill out:

  • Use the MONEY FLOW© worksheet to detail your monthly cash flow— your income and expenses.
  • Use the MONEY WORTH© worksheet to record your assets and liabilities—everything you own and everything you owe. 


Part Two: Pick a Goal

Helps the learner to analyze the completed financial inventory, and then choose and document the right goal. Based on the numbers previously documented, there are three worksheets:

  • MONEY GRADES© shows users how to analyze their current financial situation and assess future financial readiness.
  • MONEY RUNGS© provides a hierarchy (ladder) of potential financial goals to choose from, based upon the user’s current finances and priorities. 
  • MONEY GOAL© is a form used to document the reader’s most pressing goal, using the “S.M.A.R.T.” criteria.


Part Three: Prepare the Plan

Explains basic financial literacy. It educates users to prepare for creating a comprehensive financial plan. The three diagrams in this section are:

  • MONEY RULES©, which is a list of 10 money rules to live by.
  • MONEY CLOCK©, which describes types of available investments.
  • MONEY TIMES©, explains appropriate timeframes for different types of investments, based on short-term, intermediate or long-term time periods. 


Part Four: Plan for the Future

Guides the learner to create a documented financial plan to organize and structure their savings, spending, risk management and timeframes. These documents encourage the planner to focus on items that they can control.


Part Five: Protect the Plan

Provides an overview of related topics to consider to protect the financial plan. Guidance is provided about hiring a money professional, an introduction to insurance/tax/legal aspects, and a checklist to review finances once a year.

Hard work alone no longer ensures financial success. A college degree can be valuable, but is not adequate all by itself. Middle-class wage growth is sluggish due to technological innovation and global competition. These trends will probably continue — and might even accelerate.

Reliable company pension plans are declining in number and availability, and the future of Social Security is not assured. These realities mean that increasingly it is up to the individual to create his or her own plan for future financial security.

“The Five P’s of Money Management” is designed to inspire learners to plan for themselves. Following “The Five 5 P’s” methodology can create life-changing results over long time periods. Consider this illustration.

A man states he “only gained two pounds since high school…”

But then also says, “…two pounds per year.”

By age 68, after 50 years, he had gained 100 pounds.

This story illustrates an example of small changes, over a long time.

A woman makes a $10,000 investment earning 7% annually.

In 10 years, the investment nearly doubles in value to $19,672.

After 50 years, the original $10,000 has grown to $294,570!

The lesson:

Start now, develop good habits, achieve future success.