In its most basic sense, financial planning is the discipline of setting and achieving financial objectives. In simple terms, it is about making investments that will yield a higher return than the initial investment. Financial planning should involve both long-term planning and short-term day-to-day financial decisions. Financial planning is most often done by financial planning services, which are businesses that guide people on how to achieve their financial goals. People use financial planning services to set and achieve their financial goals, including saving for retirement, investing for children’s education, buying a new home or an investment portfolio, getting a better job, protecting wealth and setting aside for the future. In…