Author : Priyanka Srivastava
Publisher : Walnut Publication
ISBN 13 : 9391145434
Total Pages : 23 pages
Book Rating : 4.3/5 (911 download)
Book Synopsis Secret of money making by : Priyanka Srivastava
Download or read book Secret of money making written by Priyanka Srivastava and published by Walnut Publication. This book was released on 2021-06-18 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: The title of the book secret of money-making is about personal financial planning. The reader will know the importance of the wealth cycle. Wealth-cycle epitomizes the relationship between the flow of money and a person's life. It is a precise and simple way to look at your entire financial life and quickly figure out your position and make investment decisions, wealth protection plans and plan for successor or transfer of wealth. Developing a wealth management plan will secure one’s financial independence. Birth, childhood, graduation, early employment, marriage, children, education/marriage of children, and retirement -- these are the life phases that people normally go through. The asset allocation and investment choices that are made would need to keep the life cycle in mind. Thus, in the early stages of one's professional career, the investment mix would be more like that set out above for the "Accumulation" phase in the wealth cycle. Towards retirement, it would be more like the "Distribution" phase in the wealth cycle. The investment mix would need to specifically provide for expected spikes in expenses in between ("Transition" phase), such as for buying a house, the marriage of children, etc.