# Financial planning
Financial planning and investment pursue two main goals: financial well-being and [financial independence](#user-content-fn-1)[^1] throughout life.
**Goals could be short-term, medium-term and long-term.**
**Short-term goals** (less than a year) - to solve your current financial situation. You can achieve it by balancing your income and expenses.
**Medium-term goals** (1-10 years) - to solve financial problems related to major purchases (cars, real estate, etc.). You can achieve it through learning how to form savings.
**Long-term goals** (more than 10 years) - to form savings that are enough to establish your financial health and independence.
To effectively achieve your goals, it is important to clearly define them.
Goals can be different just as your financial preferences can change throughout your life. But the idea here is that while you are in your working age you should manage and invest your financial assets wisely so that they can support you when you are old.
So the goal is for a person to have formed their own flow of passive income or a retirement fund.
[^1]: Financial independence from parents, government and children.
---
# Agent Instructions: Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.
Perform an HTTP GET request on the current page URL with the `ask` query parameter:
```
GET https://docs.earnpark.com/earnpark-manifesto/capital-growth/financial-planning.md?ask=
```
The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.
Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.