The basic aim of Financial Planning is to achieve financial goals through intelligent investments. From a layman point of view, financial planning is how to save future income on a long term basis and this can be incorporated through processes ranging from keeping some money in a safe which is now considered passé to investing in short term or long term funds which can be beneficial and yield returns in future. However, there is more to financial planning than just mere investments. Some of the technical aspects in which financial planning can be divided are cash flow management, education planning, retirement planning, investment planning, risk management and insurance planning, tax planning, estate planning and business succession planning. However, an office-going individual is less aware of all these things and this makes him turn a blind eye towards planning his finances. This gives a dire need for a person who is dedicated to help people with their financial issues and help them make intelligent financial decisions which is proactive enough to any major unexpected financial event. Such a financial planning practicing professional is called Financial Planner or Financial Advisor.
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