Identify and describe your current life stage
I am in the middle adulthood “a period of building up : building a family, building a career, increasing earned income, and accumulating assets.” (Rachel Siegel and Carol Yacht, 2107, p. 12). I have two different sources of income: employment and investment. I currently work two jobs and as an investment i rent out a property that pays itself. Besides this property, my other two valuable assets will include a car and a savings account. At this stage, I definitely have more expenses than I had on my young adulthood. Since I have one dependent (a child), the willingness and ability to assume risk has diminish.
How does your current age or life stage affect your financial thinking and behavior?
I am in the middle adulthood “a period of building up : building a family, building a career, increasing earned income, and accumulating assets.” (Rachel Siegel and Carol Yacht, 2107, p. 12). I have two different sources of income: employment and investment. I currently work two jobs and as an investment i rent out a property that pays itself. Besides this property, my other two valuable assets will include a car and a savings account. At this stage, I definitely have more expenses than I had on my young adulthood. Since I have one dependent (a child), the willingness and ability to assume risk has diminish.
How does your current age or life stage affect your financial thinking and behavior?