Who does not want to create wealth?
Everyone wants it but many struggle as they believe that only people having high salaries or having large businesses can achieve it. The fact is every one can create wealth, whatever your income level or risk-appetite be. Moreover, having the right investment approach, specifically a goal-based one and investment discipline is all that is required.
The first step toward building a sound financial plan is to determine your goals and manage your risk. For this, wealth generation and wealth protection must be accounted for in equal parts.
Wealth generation is the accumulation of assets and income over a stipulated period of time. On the other hand, wealth protection is the efficient management of all personal assets.
Life insurance plays an important part here, as it offers a range of products that help you meet your financial goals.