Wednesday, October 06

How to secure your children’s future.

We believe that every child deserves the opportunity to explore and soar in life. Therefore, it is important to start investing in their future and to instil valuable lessons in them on ways to properly manage their finances. Here are a few tips to help you get your child started on the right path:

  1. Get started early: Whatever the plans you have for your child, the time to start is now. The earlier you start, the more time you have to review, re-strategize and to perfect your plans. So start now!
  1. Determine how much/what you will need: What will you need to achieve the type of future you want for your child? What kind of schools do you want your children to attend and how much will it cost? Do they have any hobbies you want them to pursue? How much will those cost? What if you are no longer there? How will they achieve your dreams for them? Considering all these will help you know what you need and the steps you need to take.
  1. Get them involved in the process: Ask your children what their ambitions are and make plans to achieve these ambitions along with them. Let them be involved in choosing the schools and let their voice be heard in the decision-making process. This will also help your children to become financially aware early in life and inculcate good financial habits in them such as savings and investments at an early age.
  1. Invest! Invest!! Invest!!!: The value of money today will most likely not be the value tomorrow due to inflation and other factors. To ensure that your plans for your children remain achievable, you should invest.

Investment ensures that your money earns you more money, so your purchasing power is not affected by inflation, and you can hit your goals for your child’s future. In securing the future of your kids, it is never too early to begin investing! Click here to view various investment options and start investing today.