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"A man who does not plan long ahead will find trouble at his door."

Financial planning is an ongoing process of setting, planning, achieving and reviewing your life goals. Contrary to common misconceptions, financial planning is not only for retirement or for the rich, but is a life-long project for everyone.

Financial planning should take on a holistic approach, taking into consideration both your current financial situation as well as future needs. The plan should also balance supporting daily necessities with financing life's unforeseen emergencies.

Like any other type of planning, you will also need a clear path to implementation. You don't need to be a billionaire to maintain an investment portfolio that balances your expectation on returns and risk appetite.

You will need to review your financial plan from time to time to make sure that you're on the right track towards achieving realistic goals. It is sensible to also conduct a review when there are changes in your life circumstances or in the fundamentals of the financial market or economy.

This section offers you the basic steps to get you started on your financial planning, including helping you to assess your current financial situation and risk profile, as well as advising on how to put your financial plan into action.

You will also be introduced to the basic steps you need to follow to set up your investment portfolio. Managing your money and investments is a responsibility that you need to take seriously. But bear in mind that there may be moments when seeking professional advice to avoid the wrong turns is the best approach.