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Financial planningcould mean a lot of things for a lot of different people. One thing is certain - it is important to have a clear-cut definition of what wealth is in order to set plans and goals accordingly. What makes this a little tricky is the fact that wealth would be viewed differently by a lot of people. For some, it can be a number of investments they have built up over the years or even how much their house is worth. It can even be as simple as the amount of money they have in their accounts. For some of the more sentimental people - their wealth consists of family and relationships they have fostered over the years. With all these differences, you would agree that wealth is an important factor when you talk about financial planning. After all, this is the plan that will help you reach your dreams. This dream can vary from stepping up the corporate ladder, opening your own business, buying that dream house or saving enough to be able to retire early. According to TheRedPin.com, the words of James Adams in 1931 encapsulates what the American dream is for most people. It talks about being in a position to have a richer and fuller life and having an equal chance for an opportunity based on achievement and ability. This paints a very beautiful picture for people which is actually one of the foundations the country was built upon. What you need to understand is that for every dream that you have, financial planning and your definition of wealth will always be an integral part of it. If your dream is to have a nice house, manicured lawns and enough financial elbow room for a night out or a nice meal once a month, this will only be possible depending on how you go about your financial plans.