Why do we need Financial Planning?

1. To fund our future needs through right mix of investments.
2. To protect our future from unforeseen contingencies.
3. To maintain the same standard of living even after retirement.
4. To enable risk management through diversification.
5. To choose assets commensurate with the investors’ life and wealth stages.
6. To beat the ravages of inflation.

Get a Financial Life: Personal Finance In Your Twenties and Thirties  Personal Financial Planning