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14 May, 18:53

Match the different financial tasks to their corresponding financial life cycle phases.

wealth protection

wealth accumulation

wealth distribution

match these under with those^

risk and task management, building financial security, credit and debt management, bulding long term wealth, drawing up a will, cash management

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  1. 14 May, 19:33
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    1. wealth protection: building financial security, risk and task management

    2. wealth accumulation: bulding long term wealth, credit and debit management

    3. wealth distribution: drawing up a will, cash management

    Explanation:

    Basically, there are four stages to an individual or entreprenuer's financial life cycle. They are the following:

    1. accumulation of wealth,

    2. growing or managing wealth,

    3. preserving and protecting wealth, and

    4. transferring wealth.

    Each phase of the cycle intertwine and needs to be managed using a comprehensive approach, this can be explained simply as:

    1. wealth accumulation: bulding long term wealth, credit and debit management

    2. wealth protection: building financial security, risk and task management

    3. wealth distribution: drawing up a will, cash management

    Note that, growing and managing of wealth has been overlapped into Wealth accumulation and Wealth protection in the options available in the question.
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