As I have mentioned in previous blog posts, we categorise personal wealth in the accumulation phase of life into three 'Wells'.
- Well 1 refers to Liquid funds (<12 months)
- Well 2 is our Living, lifestyle, and leisure (2 to 5 years).
And lastly is Well 3 which is what I speak...
To continue our conversation on the three Wells, today I get into further detail on Well 2.
Well 2 is the Living, lifestyle, and leisure well. (2 to 5 years)
It is a second well of money which can also be actively managed to cover upcoming living expenses, holidays and...