Year: 2025
Type: article
Abstract: Wealth creation and management are the essential components to achieve financial security, financial independence, and generational prosperity. This paper explores the concepts, processes, and strategies that are associated with building and management of the wealth, highlighting both traditional practices and emerging trends. The Key areas emphasis on financial planning, investment strategies, risk management, and the impact of technology in personal finance. The study highlights the requirement of financial literacy and the growing relevance of fintech, behavioral finance along with environmental, social, and governance (ESG) investing. Furthermore, the paper integrates an analysis of key strategies and how they contribute to an individual’s financial or wealth-building efforts.
Authors: Dr. Shraddha Bhome, Jayshree Rao
Institution: Shri Jagdishprasad Jhabarmal Tibrewala University
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4410760280