Financial Planning is very important if an investor wants to achieve his financial goals in life. There are a lot of important aspects an investor needs to focus on. 1)Investment Planning- Investments play a key role in helping an investor to achieve his financial goals. Proper planning and right investments in different assets such as equities, bonds, cash, gold etc can help build a substantial corpus for the investor. 2)Retirement Planning- Having a proper retirement plan where an investor identifies his savings, expenses, retirement income can help ensure that an investor has enough funds to spend his retired life comfortably. 3)Planning for contingencies- It is very important to plan for contingencies so that an investor has the financial protection in case any unexpected event occurs.