In your mid-30s to early 60s your financial circumstances and priorities are likely to change

As you settle into your career, or even change course, you may enjoy promotions that bring a higher salary and bonuses.

As your family grows up, you may want or need a bigger house, and start planning for school and university fees. Your children may also look to you for further financial support, such as their own weddings, or property purchases.

MANAGING AND MAXIMISING YOUR WEALTH

No matter where you are in life, you probably have financial goals you want to achieve. Planning your investment goals is essential if you’re going to have a real chance of achieving them. To begin setting your own goals, it’s good to gain an understanding of the things you need to afford now and would like to afford in the future. You will need to consider factors such as your income, age and future outlook, all of which will influence your motivations for investing. When investing for your financial future, you are essentially allocating your money to an asset that is created with the intention of allowing your money to grow over time. Wealth, you create can be used for a variety of objectives such as meeting shortages in income, saving up for retirement, or fulling certain specific obligations such as repayment of loans, payment of tuition fees or purchase of other assets. While the gains from investing can be greater than from saving, the value of investments can go down as well as up. It’s well worth taking the time to think about what you really want from your investments. Knowing yourself, your needs and goals, and your appetite for risk is a good start

Couple of things I should have What should I do?

1. A good financial adviser

2. Personal and/or business protection

Everything You Need to Know Before Diving Into Managing Your Wealth

First and foremost, to manage your wealth effectively you must know why you’re managing it. What do you want your money to do? Prioritize a list of short- and long-term goals. This list is something you’ll probably want to manage activity, just like you will your wealth — more on that later.

In order to effectively manage your wealth, you also need a clear understanding of all the assets that make up your wealth. Take a moment to gather and organize all your financial information in a way that gives you a broad view of what’s going on.

Especially important elements of the wealth equation that you’ll want to get cozy with are your income (money in), your expenditures (money out), any investments that you’ve made (in the stock market or elsewhere), and any debts you might hold (from credit cards, student loans, mortgages, and more). Getting intimately familiar with how these all play together in your financial life will help you grasp where you are and inform which of the upcoming tips will work best as you manage your wealth to meet your goals.