Hello,
Wealth preservation and transfer
will be the final post on the taking control of your finances as a woman
series. I have confirmation that our resource person will do us the honour of
writing on wealth preservation and transfer and I am eager to have her point of
view but in the meanwhile, here is mine.
Wealth preservation includes all
the decisions taken and actions geared towards ensuring acquired or created
wealth is not lost. This can be done by reducing investment charges and other charges
which deplete your funds, also by investing in extremely low risk instruments
and ventures.
Quick reminder, we have examined Basic survival needs of a woman, Saving
as a tool in financial planning, Cutting down cost, differentiated between
savings and investment while emphasizing that they are not one and the same,
wealth creation where we advised you to increase your source of income, in an
earlier post series we have
suggested you start with education and mentioned that it did not have to cost
you (you may wish to see how HERE), wealth management and also talked on what
to do when you have fallen off track with financial prudence.
Wealth transfer can mean the
passing on of wealth from one to another
