Every specie on this planet earth has a life cycle. We humans are no exception. We also have a life cycle and within this life cycle we pass through different life stages. There are certain responsibilities which we perform at each life stage and somehow most of these activities are related to money. Let’s see our life’s connect to money and how it impacts our life cycle. I. Childhood and Education We remain in this life stage for approximately 20-25 years (from birth till graduation/post-graduation). Though we don’t earn money here, but our life is quite dependant on the kind of money our parents earn. Money lessons learnt from the surroundings in this stage form the foundation of our money behaviour going forward. II. Career Development This is the stage where we get directly connected to money. In the beginning of this stage, most of us splurge, party, and enjoy our earnings as we are accountable to none. People who understand
All about Financial Planning and life Goals, ranging from Plan to Marriage, Buy a Home, Investments, Child Education, life insurance, Startup Funding