Bangalore: Different stages of life are -
1. Single and working
2. Newly married
3. Married with Kids
4. Financial freedom after Retirement
Two generations ago, life was simpler financially, that is - attending school, then college, getting married in 20s, having children in 30s, working almost the entire life in one company, buying a home after retirement and living peacefully.
But things are different now. Today, life is more expensive and the gen-Y is impatient. Education and healthcare is more costly but is much better; plus buying a car and home is top priority. Gen-Y swaps job more often and so doesn't bother about gratuity. So, if one doesn't financially plan properly at an early stage, then goals of being wealthy as well as healthy will not be possible.
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