Financial Life Phases

Advice for every Stage in Life

Financial Life Phases

No matter what stage in life you are at it is never too early or too late to start planning for your goals and objectives and protecting what you have or what you may have in the future. That in essence is what financial planning is all about and for many this should start very early in their financial life.

At Wealthlife we understand that you will have different priorities and goals at the various stages of your financial life. As you go through life we understand that these goals and priorities will change and so too will your financial plan and the strategies you have in place which is why we believe in being proactive and planning for what lies head. No matter what stage of your financial life your are in, we can help you achieve your financial goals!

So exactly what considerations and opportunities are available to you at the various stages in your financial life and what could you be doing to better plan for your situation and future?

Above we have provided a summary of the various financial life phases that may be applicable to your circumstances with some general information on what this can mean for your financial life and considerations and opportunities you may find useful.

 

Financial Life Phases

At Wealthlife we understand that you will have different priorities and goals at the various stages of your financial life.

Young & Getting Started

At this stage of your life you are either just starting out in the work force or in the early stages of your chosen career path or profession.

Wealth Generation/Business

At this stage of your life, your chosen career path or profession is progressing and so too is your remuneration and the complexity of your finances.

Family

Things have become a little more hectic. Your children and potentially even your spouse are financially dependent on you.

Retirement Planning

You have accumulated some assets, the mortgage on your home is reducing, the kids are grown up or not far from being financially independent.

Retirement

You have worked hard for many years and you have now reached a stage in your life that should be fulfilling and enjoyable.

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