The Financial Planning Life Cycle aims to demonstrate and explain the different stages of Financial Planning. Whilst not every individual or family has identical financial planning requirements, they will share certain commonalities. For example, the need to protect yourself and your family against risk, accumulate wealth, manage your wealth effectively, distribute your wealth and eventually, to provide for an orderly transition of your assets.
Whatever stage you're at in your life, you're always hoping for a better and brighter future. Starting your financial planning earlier will cost you less and better ensure that you meet your future goals.