In this video, we begin taking a closer look at certain financial planning basics and other personal finance 101 topics.

Most financial advisors just focus on investment management and product sales -- after all, that's how they make money, and unfortunately, too often they're looking out for themselves first.

This is why you have to learn financial planning basics, which includes tax planning strategies and wealth planning, and be able to synthesize it all into a holistic financial planning approach.

Wealth planning involves understanding asset allocation strategies; tax planning strategies involve income and estate tax minimization.