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The Metamorphosis of CapitalTM Principle

Metamorphosis: a profound change in form from one state to the next in life history of an organism, as from the caterpillar to the pupa and from the pupa to the adult butterfly.


From Human Capital to Financial Capital

Financial Capital: Increases with age.
Human Capital: Decreases with age.


Dent's variation on Modigliani's Life Cycle Theory of Consumption

Both spending and income follow a curve based on age. In late retirement, spending exceeds income as savings are used.

Wealth Stages

Create

You'll need to work hard, insure health, control spending & manage debt. Focus on how income is saved.

more on Creating Wealth

Protect

You'll need to work smart, insure earned income, control effort & manage risk. Focus on how capital is invested.

More on protecting wealth

Enjoy

You'll need to stop work, insure investment income, control lifestyle & manage health. Focus on how time is spent.

More on enjoying wealth

Share

You'll need to transfer capital, insure assets, control distribution & manage relationships. Focus on how life is remembered.

more on sharing
wealth

Thomas B. Russell

B.Sc., MBA, CFP, CLU, CH.F.C.

INSURANCE REPRESENTATIVE, FOUR POINTS FINANCIAL SOLUTIONS INC.
SENIOR FINANCIAL ADVISOR, MANULIFE SECURITIES INVESTMENT SERVICES INC.

204.235.0004 Ext 3
Tom@FourPointsFinancial.com
Thomas.Russell@ManulifeSecurities.ca

Schedule an appointment with Tom