The steps of financial planning are a long and drawn out process. Many people start out at a young age preparing for their future. They look into all sorts of investment options, which may consists of purchasing stocks or/and bonds. No one really knows what type of investment he or she needs, until he or she knows how much money he or she are willing to spend. Limited income puts a halt to some investment plans that may not be economically, nor financially wise. The first rule to financial planning is not to spend more than you have. Over spending, is what gets many people in trouble financially. They do not really have money to lose, but they gamble with what they do have. Consulting a financial adviser is both smart and practical.Mature adults nearing the age of retirement, or even younger adults planning to attend college, should consider planning for their future. Many people use the service of a financial adviser to help them set and maintain financial goals. The financial adviser will conduct an evaluation of the individuals’ current financial status. What payment method they use to pay bills, how much is available in assets, how much is the current debt, and how much in resources is available, all becomes part of the preparation planning process.The next step is to prepare a financial plan, which involves setting goals. Goal setting is a positive motivator, especially when the goals are attainable. The adviser may make several recommendations to help assists in the goal reaching process. For instance, budgets are questionable. There is always something in a budget that is wasteful and un-necessary. These suggestions will come up in the meeting when both parties are going over the steps of financial planning. For the plan to work the individual, must stick to the agreement and plan that the adviser recommends.