Personal Financial Management Flashcards by Jovan Bekker | Brainscape

Q

Name the different stages of the financial lifespan

A

The dependent stage
The single stage
The paired stage
The family stage
The post-family stage
The retirement stage

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Q

Name the different phases within financial life cycle

A

Accumulation
Consolidation
Preservation

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Q

How do we calculate networth ?

A

Assets minus liabilities

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