{"id":23597,"date":"2019-06-29T12:54:54","date_gmt":"2019-06-29T16:54:54","guid":{"rendered":"https:\/\/philip.greenspun.com\/blog\/?p=23597"},"modified":"2019-06-25T18:02:37","modified_gmt":"2019-06-25T22:02:37","slug":"financial-planning-101","status":"publish","type":"post","link":"https:\/\/philip.greenspun.com\/blog\/2019\/06\/29\/financial-planning-101\/","title":{"rendered":"Financial Planning 101"},"content":{"rendered":"\n<p>From a European friend&#8230;<\/p>\n\n\n\n<p>Dan had worked 80 hours per week in the family business since finishing high school. Due to the long hours, at age 45 he was still single and still living at home with his father.<\/p>\n\n\n\n<p>His father&#8217;s health was failing, unfortunately, and it was clear that the man did not have long to live. Dan knew that he would inherit a fortune upon the death of his father and decided he needed to find a wife with whom to share all the money. <\/p>\n\n\n\n<p>One evening, at an investment meeting, he spotted the most beautiful woman he had ever seen.  Her natural beauty took his breath away. <\/p>\n\n\n\n<p>&#8220;I may look like just an ordinary guy,&#8221; he said to her, &#8220;but in just a few years, my father will succumb to his cancer and I will inherit $200 million.&#8221; <\/p>\n\n\n\n<p>Intrigued and impressed, the woman asked for his business card.<\/p>\n\n\n\n<p>Three weeks later, she became his stepmother.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From a European friend&#8230; Dan had worked 80 hours per week in the family business since finishing high school. Due to the long hours, at age 45 he [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[30],"tags":[],"class_list":["post-23597","post","type-post","status-publish","format-standard","hentry","category-divorce-child-support-custody-family-law"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Financial Planning 101 - Philip Greenspun\u2019s Weblog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/philip.greenspun.com\/blog\/2019\/06\/29\/financial-planning-101\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial Planning 101 - Philip Greenspun\u2019s Weblog\" \/>\n<meta property=\"og:description\" content=\"From a European friend&#8230; Dan had worked 80 hours per week in the family business since finishing high school. Due to the long hours, at age 45 he [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/philip.greenspun.com\/blog\/2019\/06\/29\/financial-planning-101\/\" \/>\n<meta property=\"og:site_name\" content=\"Philip Greenspun\u2019s Weblog\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-29T16:54:54+00:00\" \/>\n<meta name=\"author\" content=\"philg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"philg\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/philip.greenspun.com\/blog\/2019\/06\/29\/financial-planning-101\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/philip.greenspun.com\/blog\/2019\/06\/29\/financial-planning-101\/\"},\"author\":{\"name\":\"philg\",\"@id\":\"https:\/\/philip.greenspun.com\/blog\/#\/schema\/person\/448e4e6a0ae9105741a06dcf62cee50e\"},\"headline\":\"Financial Planning 101\",\"datePublished\":\"2019-06-29T16:54:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/philip.greenspun.com\/blog\/2019\/06\/29\/financial-planning-101\/\"},\"wordCount\":157,\"commentCount\":4,\"publisher\":{\"@id\":\"https:\/\/philip.greenspun.com\/blog\/#\/schema\/person\/448e4e6a0ae9105741a06dcf62cee50e\"},\"articleSection\":[\"Divorce, child support, custody, family law\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/philip.greenspun.com\/blog\/2019\/06\/29\/financial-planning-101\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/philip.greenspun.com\/blog\/2019\/06\/29\/financial-planning-101\/\",\"url\":\"https:\/\/philip.greenspun.com\/blog\/2019\/06\/29\/financial-planning-101\/\",\"name\":\"Financial Planning 101 - Philip Greenspun\u2019s Weblog\",\"isPartOf\":{\"@id\":\"https:\/\/philip.greenspun.com\/blog\/#website\"},\"datePublished\":\"2019-06-29T16:54:54+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/philip.greenspun.com\/blog\/2019\/06\/29\/financial-planning-101\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/philip.greenspun.com\/blog\/2019\/06\/29\/financial-planning-101\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/philip.greenspun.com\/blog\/2019\/06\/29\/financial-planning-101\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/philip.greenspun.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Financial Planning 101\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/philip.greenspun.com\/blog\/#website\",\"url\":\"https:\/\/philip.greenspun.com\/blog\/\",\"name\":\"Philip Greenspun\u2019s Weblog\",\"description\":\"A posting every day; an interesting idea every three months...\",\"publisher\":{\"@id\":\"https:\/\/philip.greenspun.com\/blog\/#\/schema\/person\/448e4e6a0ae9105741a06dcf62cee50e\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/philip.greenspun.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\/\/philip.greenspun.com\/blog\/#\/schema\/person\/448e4e6a0ae9105741a06dcf62cee50e\",\"name\":\"philg\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2025\/11\/20210525-philip-greenspun-sea-turtle-release-scaled.jpg\",\"url\":\"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2025\/11\/20210525-philip-greenspun-sea-turtle-release-scaled.jpg\",\"contentUrl\":\"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2025\/11\/20210525-philip-greenspun-sea-turtle-release-scaled.jpg\",\"width\":2047,\"height\":2560,\"caption\":\"philg\"},\"logo\":{\"@id\":\"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2025\/11\/20210525-philip-greenspun-sea-turtle-release-scaled.jpg\"},\"url\":\"https:\/\/philip.greenspun.com\/blog\/author\/philg\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Financial Planning 101 - Philip Greenspun\u2019s Weblog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/philip.greenspun.com\/blog\/2019\/06\/29\/financial-planning-101\/","og_locale":"en_US","og_type":"article","og_title":"Financial Planning 101 - Philip Greenspun\u2019s Weblog","og_description":"From a European friend&#8230; Dan had worked 80 hours per week in the family business since finishing high school. Due to the long hours, at age 45 he [&hellip;]","og_url":"https:\/\/philip.greenspun.com\/blog\/2019\/06\/29\/financial-planning-101\/","og_site_name":"Philip Greenspun\u2019s Weblog","article_published_time":"2019-06-29T16:54:54+00:00","author":"philg","twitter_card":"summary_large_image","twitter_misc":{"Written by":"philg","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/philip.greenspun.com\/blog\/2019\/06\/29\/financial-planning-101\/#article","isPartOf":{"@id":"https:\/\/philip.greenspun.com\/blog\/2019\/06\/29\/financial-planning-101\/"},"author":{"name":"philg","@id":"https:\/\/philip.greenspun.com\/blog\/#\/schema\/person\/448e4e6a0ae9105741a06dcf62cee50e"},"headline":"Financial Planning 101","datePublished":"2019-06-29T16:54:54+00:00","mainEntityOfPage":{"@id":"https:\/\/philip.greenspun.com\/blog\/2019\/06\/29\/financial-planning-101\/"},"wordCount":157,"commentCount":4,"publisher":{"@id":"https:\/\/philip.greenspun.com\/blog\/#\/schema\/person\/448e4e6a0ae9105741a06dcf62cee50e"},"articleSection":["Divorce, child support, custody, family law"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/philip.greenspun.com\/blog\/2019\/06\/29\/financial-planning-101\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/philip.greenspun.com\/blog\/2019\/06\/29\/financial-planning-101\/","url":"https:\/\/philip.greenspun.com\/blog\/2019\/06\/29\/financial-planning-101\/","name":"Financial Planning 101 - Philip Greenspun\u2019s Weblog","isPartOf":{"@id":"https:\/\/philip.greenspun.com\/blog\/#website"},"datePublished":"2019-06-29T16:54:54+00:00","breadcrumb":{"@id":"https:\/\/philip.greenspun.com\/blog\/2019\/06\/29\/financial-planning-101\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/philip.greenspun.com\/blog\/2019\/06\/29\/financial-planning-101\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/philip.greenspun.com\/blog\/2019\/06\/29\/financial-planning-101\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/philip.greenspun.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Financial Planning 101"}]},{"@type":"WebSite","@id":"https:\/\/philip.greenspun.com\/blog\/#website","url":"https:\/\/philip.greenspun.com\/blog\/","name":"Philip Greenspun\u2019s Weblog","description":"A posting every day; an interesting idea every three months...","publisher":{"@id":"https:\/\/philip.greenspun.com\/blog\/#\/schema\/person\/448e4e6a0ae9105741a06dcf62cee50e"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/philip.greenspun.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"https:\/\/philip.greenspun.com\/blog\/#\/schema\/person\/448e4e6a0ae9105741a06dcf62cee50e","name":"philg","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2025\/11\/20210525-philip-greenspun-sea-turtle-release-scaled.jpg","url":"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2025\/11\/20210525-philip-greenspun-sea-turtle-release-scaled.jpg","contentUrl":"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2025\/11\/20210525-philip-greenspun-sea-turtle-release-scaled.jpg","width":2047,"height":2560,"caption":"philg"},"logo":{"@id":"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2025\/11\/20210525-philip-greenspun-sea-turtle-release-scaled.jpg"},"url":"https:\/\/philip.greenspun.com\/blog\/author\/philg\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paokyZ-68B","_links":{"self":[{"href":"https:\/\/philip.greenspun.com\/blog\/wp-json\/wp\/v2\/posts\/23597","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/philip.greenspun.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/philip.greenspun.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/philip.greenspun.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/philip.greenspun.com\/blog\/wp-json\/wp\/v2\/comments?post=23597"}],"version-history":[{"count":1,"href":"https:\/\/philip.greenspun.com\/blog\/wp-json\/wp\/v2\/posts\/23597\/revisions"}],"predecessor-version":[{"id":23598,"href":"https:\/\/philip.greenspun.com\/blog\/wp-json\/wp\/v2\/posts\/23597\/revisions\/23598"}],"wp:attachment":[{"href":"https:\/\/philip.greenspun.com\/blog\/wp-json\/wp\/v2\/media?parent=23597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/philip.greenspun.com\/blog\/wp-json\/wp\/v2\/categories?post=23597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/philip.greenspun.com\/blog\/wp-json\/wp\/v2\/tags?post=23597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}