The importance of having a financial plan cannot be overstated. If you want to achieve your financial goals, then it is imperative that your chalk out a robust financial plan. However, it is equally important to understand that the financial plan will be effective only if it is customised to reflect your idiosyncratic risk/return requirements and personal, as well as, professional circumstances. As you embark on your financial journey you must ensure that you are headed in the right direction. The first step towards determining this is to calculate your current networth. All your future investment decisions will hinge upon your understanding of your networth and consequent ability to absorb risk.