Accumulation or Inheritance, Conservation or Growth, & Distribution – the 3 phases in one’s Money Life.
One might overlap the other phase, but the critical issues to consider during the stages are –
Accumulation / Inheritance – Systematic Investment Planning (SIP) …Wealth Creation.
Conservation / Growth – Systematic Maintenance Planning (SMP) … Wealth Preservation & Growth.
Distribution – Systematic Inheritance Planning (SIhP)… Wealth Distribution.
SIP —–> SMP —–> SIhP