The Life Cycle of Wealth

In the digital era, wealth-building strategies, money management techniques, and "how-to" financial planning tips all compete for our attention. Instead of trying to navigate the nuances of personal finance based upon the latest planning tactic or intriguing message, take a step back.Recognize that success in life requires excellent decision-making, which includes two ingredients: knowledge and wisdom. Having knowledge means having information needed to make decisions. Having wisdom refers to the viewpoint from which decisions are made.With respect to personal finance, The Life Cycle of Wealth(TM) does provide some important technical insights, though it primarily provides wisdom needed for excellent decision-making. Financial independence happens when a family's balance sheet is stable enough to provide for at least the current generation. Further, this independence means that cash flow is positive or neutral - even if a major source of that income is the balance sheet. For those who have attained financial independence, this text offers you important insights into the challenge of providing for future generations. For those still in pursuit of independence, The Life Cycle of Wealth(TM) provides a clear view of the road ahead, a concrete approach to managing risk, and an overview of the financial professional(s) available to guide you. For all concerned, The Life Cycle of Wealth(TM) delivers a holistic view of personal finance, and a method for developing a long-term strategy to fund your purpose for life.