You are independent with very few commitments. Your focus is on consumption, for example buying your first vehicle and going on holidays. You save very little and therefore your financial capital is either non-existent or low.
As we start our adult lives, after school or studies, we form relationships that over time are normally celebrated in a joyous occasion when two young people are joined together in marriage.
Your family is maturing, and your focus is now on preserving and growing your wealth. For many individuals, their careers are peaking and the energy and many hours that they have devoted to their careers...
Now is the time to reap the fruits of years of hard work. The focus is shifting from the accumulation of wealth to the generation of income, as your needs will fundamentally change after retirement.
On or after retirement, one normally consolidates your assets and you want to explore what options you have in getting the most out of your life savings.