Goal based planning is the process of prioritising ones financial goals and determining the optimal plan to fund them. By doing this you can achieve multiple goals across different stages of life. This structured approach ensures a higher chance of success in meeting your goals rather than just investing without any purpose. Under this method, focus and discipline are the two most important attributes while planning and execution. But it also also crucial to understand that over the time your financial situation and your goals will also change, so it is always prudent to regularly review and adjust your financial plan. Start saving, start investing.