Personal financial planning focuses on you as an individual -bringing together all the financial and psychological factorsthat have an impact on your life.Many people call themselves financial planners, but the trueprofessional financial planning practitioner uses The TotalFinancial Planning Process, which is made up of six distinctsteps.Step Helps you clarify your present situation by collectingand assessing all relevant financial data – assets andliabilities, tax returns, records of securities transactions,insurance policies, wills and pension plans.Step Helps you to identify financial and personal goals andobjectives, and also to clarify your financial and personalvalues and attitudes.Step Helps you to identify financial problems that can createbarriers to your financial in-dependence.Step Provides you with written recommendations and alternativesolutions. These should be structured to meet your needs withoutundue emphasis on purchasing specific investment …