Personal Finance

The 5 Phases of Your Monetary Life Cycle


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What you’ll hear on this episode:

Within the human life cycle, we undergo the phases of infancy, childhood, puberty, maturity, and outdated age.

For our monetary life, we additionally undergo the same cycle – phases that describe who we’re and what our priorities needs to be in the case of our investments.

Notably, they’re:

  1. Orientation: The Keen Newbie
  2. Exploration: The Funding Apprentice
  3. Accumulation: The Wealth Builder
  4. Preservation: The Asset Protector
  5. Disposition: The Legacy Bestower

On this episode, I shared your investing objectives throughout every stage if you wish to attain monetary freedom.

Excerpts and Highlights:

Investing is a talent. Thus, you’ll want to hone it in an effort to get higher at it over time.

The place you’re proper now isn’t as vital as working in direction of advancing to the following stage. Preserve the momentum, go ahead.

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