Financial planning is a process that involves breaking down of one’s expenditure bound by the person’s goals and resources. It involves long-term projection on one’s finances so that he makes a good return on investment in the face of either turbulent or stable economic periods. However, for this process to work it depends on the financial goals that have been set, one’s career path, the resources available, one’s risk preference, where one expects to acquire additional resources, what one plans to do to meet those goals, how he will evaluate whether he is making progress, and what he intends to do after that. Before setting your goals, “it’s crucial for you to establish your financial position in terms of how much debt you owe your creditors, the assets you have and their fair market values, and how much cash you need to run your day to day operations” (Wood 123). Besides, as you establish your financial goals, your partner or friends may lure you into their opinions but it’s worth noting that you are obliged to making them a success. These goals involve deciding whether to spend most of your current income or save your income and later venture into a viable project. During this decision making process on which goals to pursue, it’s important for you to differentiate between your needs and your wants. In this case, your needs are things that are necessary for your survival whereas wants may include things that aren’t necessary, better termed as luxury. These goals may involve one buying an insurance policy that shall safe guard contingencies that show up without expecting them such as destruction of assets and sudden death. In addition, one can make regular payments to a pension scheme so that he might be able to sustain himself when he retires from employment or make regular remittances into a home ownership savings plan so that he acquires a home in the future and avoid paying monthly rent to his tenant. Moreover, to manage this financial planning process prudently one has to take a particular career path. Before this takes place you have to identify where your interests are placed and this may be either in people or in money. The love of money sways one into those investments that shall see him gain good returns come rain come sun shine. If you are interested in making money then is need to pursue for a Chartered Financial Analyst certification that gives you knowledge on stocks, bonds and mutual funds and their inherent risks. However, if you are interested in people and through them you make money, then it shall be wise to pursue interpersonal skills and communication skills. These skills helps one to understand people’s personality, how they react to different situations, their strengths and weaknesses, hence be able to serve them appropriately. Besides, if you want to get potential clients in your future business prospects, working in a bank introduces one to various people of different disciplines and this provides a good exposure. Later on when you want to start your own business, you will find it easy since you will be conversant with a number of those clients and thus engaging them in your business deals won’t be a problem. In addition, it’s important to know that in any environment you can’t work alone and succeed especially the business indu