wealthplanning&management-wealthprotection

Wealth Planning & Management
Wealth Protection

Wealth Protection is one of the issues that a person can plan and manage anytime during the lifetime. No step is needed, but some would rather make sure that Wealth Healthiness is taken care of before they would eve contemplate anything else.

The purpose and the exercise of Wealth Protection is to make sure that we protect not only assets but the person who creates those assets.

For example, a bread-winner of the family is so important in bringing in food to the table. If that bread-winner is taken away from the family due to reasons of death, illness or disability, the family would suffer financially. That is one way to look at Wealth Protection.

The other way is to protect the assets that we acquire and accumulate. Example, a person bought a million dollar home and if it were taken away by fire or a major catastrophe, the asset would be wiped out and he would have left with nothing. But if he took up a fire and home insurance plan, he need not worry about these elements. Piece of mind is achieved.

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We adopt The Wheel of Wealth strategy below:

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If you look closely at the diagram on your left, you will find that Wealth Planning & Wealth Management would encompass this theory.

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to understand the 5 driving forces behind the success of handling the 6 wealth issues.

We use the 6 wealth issues from The Wheel Of Wealth in our Wealth Planning & Management exercise. They are: