Many people ask me- will I be able to do financial planning myself?
My answer is sure, but if you are a student of financial planning or the head of research in a pharmaceutical company trying to do your own financial planning, you need to know the following things before you start.  Just check whether you can go through this checklist honestly before deciding on whether to do it yourself or outsource it. Not that outsourcing solves all the problems, but you at least know what to ask!
Write in to say which are true and which are false:

1.    Financial planning is perhaps difficult for a client to do it himself because of the personal bias that might set in.
2.    Procrastination is the enemy of compounding.
3.    People maintain personal accounts because it is required by law.
4.    More frequent the compounding, the better it is for you as an investor.
5.    More frequent the compounding; the better it is for you as a borrower.
6.    It is all right to delay investing, because you can always make up for the shortfall by increasing the investing amounts. Of course yes, question is how much!!
7.    One of the impediments to financial planning is goal conflicts between husband and wife regarding the end use of money.
8.    Goals are dreams with a date.
9.    Goals are first classified into needs, wants and luxuries.
10.    Budgeting is the first step in the financial planning process.
11.    Credit card interest calculation is done on a monthly compounding basis.
12.    A financial planner can not assure that the client will reach all his financial goals.
13.    The financial planner and client agreement should be in writing