Financial planning help you to achieve financial security and also greater wealth. It covers 6 financial components that are essential for you:

1. Cash Management & Budgeting

2. Insurance planning

3. Investiment planning

4. Tax management

5. Retirement plan

6. Estate planning

You can make your own financial planning process by your own if you have sufficient experience and knowledge or if you don't have the abilities you should seek an advice and help from a certified financial planner.

A Certified Financial Planner (CFP)  is a professional who have the authority to advice you in financial planning process. They have to meet education, examination, experience, ethics requirements and pay an ongoing certification fee which have been determined by Certified Financial Planner Board of Standards.

It is very important to seek an advice from a Certified Financial Planner (CFP) because if you have any problems with financial planner, you can always seek a recourse from from the professional boards that governs the works & conduct of a financial planner.

You should find a certified financial planner for a specific advice on your financial matter especially when you are in these situations:

1. In need of expertise in certain areas of your finances for example how to evaluate the risk level of your financial portfolio, retirement plan and so on;

2. You want to get a professional opinion about the financial plan that you have developed for yourself;

3. You don’t have time to do your own financial planning;

4. You have an immediate need or face an unexpected life event such as a birth, inheritance or major illness;

5. You feel that a professional adviser can help you improve you current financial portfolio; or

6. You know that you have to improve your financial position but don’t know where to start.