Question

What is financial planning compared to any other service?

Answer 1

A financial plan is the road map for your financial life. It covers major financial areas of your life addressing aspects such as cash flow, savings, debt management, risk management, childrens education planning, taxes, retirement, estate planning, and of course, investments and a strategy for managing them. It is more than a guide. It is a written strategy that gives you a clear, pragmatic path to follow towards the accomplishment of your most important financial goals.

Having a financial plan is like having a travel plan - it identifies where you are going, how and when you'll get there, how much will it cost, and things to do along the way. A personal financial plan looks at where you are today and where you want to go. Then it sets out all the steps you need to take to get there. Everyone who is earning should draw up a financial plan. The plan will help you get the most from your money and help you in achieving your financial goals in life.
More to the note, the differentiation with the Investment planning is, it's just a integral and small part of Financial plan. Health Insurance, Gold Bond, Stock Investment, Land Investment are such examples. Mainly, after calculating your cashflow and expenses anyone can diversify your investment for better life. Financial Planning is a key for Peacefull life.