What you must do to reach your goals?
Simply stated Financial Planning is a process to fill the gap between your 'Current' position and your 'Future' position. Financial Planning gives you a road-map for your future financial goals and objectives. It is like a Map or Guide which helps you reach the exact destination in the desired time by properly utilizing the adequate resources.
It is also important to note that Financial Planning is customized for individual needs, wants and dreams vis-à-vis their available and future resources. It is a myth, that Financial Planning is restricted to Investments. As a matter of fact investment is only a minute aspect of Financial Planning. The above explanation answers the question as to why you should be doing Financial Planning and also shows a holistic and need based approach which is used in Financial Planning to achieve your future goals and objectives.