Old Mutual Kenya’s Post

Planting Seeds of Financial Success: Why Early Education in Finance and Investment Matters? Every day as we scroll through our newsfeeds , Instagram feeds, we often come across stories of successful youngsters and teenagers who have made it big in the world of finance and investment. This can leave many of us feeling financially inadequate, wishing we had started earlier. Studying finance has given me valuable insights into the world of investment and early retirement plans. However, like many others, I feel that we were not taught enough about finance and investment at a young age. The concept of pocket money was seen as a means of expense, rather than an opportunity to save and grow money. I feel,In today's dynamic world, financial literacy is paramount for young minds and the first step should be taken by the parents themselves ,be it as simple as teaching them to save money and give them an interest as a bonus pocket money on the amount they saved up in a year. Introducing students to finance and investment early equips them with crucial life skills. It fosters responsible money management, cultivates a mindset of wealth creation, and instills an understanding of risk and reward. Moreover, it lays the foundation for informed decision-making and long-term financial security at a very young age. What do you think? Do lemme know your take and thoughts about it #FinancialLiteracy #InvestmentEducation #LongTermSecurity #Financialindependence #EarlyRetirement

It's never too young to start teaching the next generation about investing! Starting young can help set your kids up for success — and potentially help them start growing their wealth now. #Investing #WealthBuilding #TeachingKids #WizeWomenInvestors

#PersonalFinance | Determining the value of the attention garnered by children’s funds is a nuanced inquiry with no straightforward solution. The emphasis should be on engaging in investments that can outpace inflation, which is why numerous individuals turn to mutual funds to strategically secure sufficient finances for their children’s future. Naturally, numerous factors, including individual financial objectives, risk tolerance, and investment timeframe need consideration. Nevertheless, the question persists: Do children’s funds truly merit the extensive attention they receive?

DM me to get started today!! Investing for the Future: Starting with $21,600 in contributions (that’s $100/month for 18 years) until age 18 lays the foundation plus your child will be insured for lifetime💰 From 18 to 50, compound interest turns this into over $1 million! 🚀 Discover the power of long-term investing and financial planning. Here are the details- Money Growth Till Age 18 From birth to age 18, you invest a total of $21,600 ($100 per month for 18 years). This investment grows due to compound interest, with each month’s contribution adding to the principal amount. Over these 18 years, the investment experiences significant growth due to the compounding effect of interest. However, it may not reach one million dollars during this period due to the shorter time horizon and the initial investment amount. Investment Growth Till Age 50 After your child turns 18, the investment continues to grow until they reach age 50. During this period, the invested amount continues to earn compound interest, accumulating more significant returns on the initial investment and the compounded gains from the previous years. The longer time horizon from age 18 to 50 allows for substantial growth. With a suitable rate of return, such as around 7-8% per year, depending on market conditions and investment performance, the investment can grow to over one million dollars. This growth is possible due to the compounding effect over several decades, turning the initial investment of $21,600 into a substantial amount by age 50. Yes, it’s that easy !! #savings #safefuture #protection #gifttolovedone #gifttoyourchild #lifecoverage #InvestingForTheFuture #CompoundInterest #FinancialPlanningGoals #LongTermInvesting #FinancialFreedom #GrowYourWealth #MoneyManagement #OneMillionDollars #financialjourney

Youth Day: Invest in Your Tomorrow, Today 🇿🇦📈 As we celebrate Youth Day, I reflect on the immense potential of our young people. Their bravery paved the way for the opportunities you enjoy today. But with freedom comes responsibility. As a financial advisor, I often meet young professionals unsure of securing their futures. Many feel overwhelmed by saving and investing. But taking control of your finances at a young age is empowering. Time is on your side. The earlier you start, the more your money can compound. Even small, consistent contributions can blossom into substantial wealth. This allows you to weather storms and enjoy a comfortable retirement. I know it’s not easy. Rising costs, debt, and competing priorities make saving seem like a luxury. But view it as an investment in your future self - one that gifts security, freedom, and endless possibilities. Whether it’s a retirement account, diversified investments, or an emergency fund, every step pays dividends. The power of compound interest means your wealth will grow faster with consistency. This Youth Day, pledge your future. Learn about personal finance, automate your savings, and explore opportunities aligned with your goals. The road ahead may have turns, but prudent planning leads to fulfilment. The youth of South Africa have always been agents of change. Now, channel that revolutionary spirit into your financial life. Invest in yourself, invest in your future, and watch your dreams take flight. Happy Youth Day!

Have you considered defining the term Wealth? What's your definition? How much would you have to have to call yourself wealthy? How about you take it a step further by defining Generational Wealth. Can you build one? How? Building generational wealth is not the easiest task to accomplish, but it's especially difficult if you grew up in poverty or face systemic barriers. In fact, the country or location you grow up in can impose more difficulty. Unfortunately, this has been the experience of many people around the world. While it's nothing short of challenging, people born in a functioning democracy have it easier and that could make all the difference. I can't speak for people from places where the internet is restricted, but if you're able to access the internet, you have it easier than your forefathers. Considering all opportunities available to the modern world, every documented path to wealth is relatively easier today than ever before. EARN MORE: The internet makes that easier. Period SAVE MORE: While you'll have to earn more, saving more is a great way to build a strong financial foundation and by clicking a few buttons, it's done. HAVE AN EMERGENCY FUND: Wanna open one, grab your phone and just do it. INVOLVE KIDS IN MONEY CONVERSATION: Perhaps something the internet can't do for you. Guess what, used the right way, it can help you a lot more than you currently realize. INVEST IN EDUCATION: Can the internet help educate you or your kids? I bet yes, if done right. INVEST IN FINANCIAL MARKET: Pick up your phone and do just that. INVEST IN REAL ESTATE: You're aware of REITS? Yeah, with the power of the internet, you can invest in one Take it one small step at a time. Use the internet to your advantage. Get aggressive at it. In the end, it'll be worth it.

𝐖𝐡𝐞𝐧 𝐬𝐡𝐨𝐮𝐥𝐝 𝐲𝐨𝐮 𝐜𝐡𝐨𝐨𝐬𝐞 𝐆𝐮𝐚𝐫𝐚𝐧𝐭𝐞𝐞𝐝 𝐫𝐞𝐭𝐮𝐫𝐧 𝐩𝐥𝐚𝐧𝐬 𝐚𝐬 𝐚𝐧 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐨𝐩𝐭𝐢𝐨𝐧? When it comes to Investments all of us seek one thing which is the guarantee of returns so that you can use the money when need be. For example, No parent will want that the education of their children is impacted. No matter what the market condition is like, you will want your investments to give you the returns you expected so that you can pay for your child's education. To attain this kind of certainty in investments you need Guaranteed return plans. Guaranteed Return Plans like LIC's Jeevan Umang are ideal for long-term investment. They are not affected by market volatility and offer a guaranteed return on investments over a period of time. Guaranteed return plans make sense for those who have specific non-negotiable life goals at fixed stages of life since you know in advance the exact amount of money you would receive on maturity. So for goals like retirement, children’s education or marriage, or even buying a car or a home, guaranteed return plans can come in handy to help you plan for, and achieve those goals. To know more about which Guaranteed Returns Plan will suit your requirements connect with me on 9823184037. #investment #education #money #personalfinance #retirementplanning #moneymanagement

DECUMULATION IDEAS #54: AN INCREDIBLE RANT BY Scott Galloway ABOUT HOW THE NEXT GEN HAS BEEN $CREWED BY OUR GENERATION. Some incredible comments/lines that I have been ranting on.. 1. #Universities are hedge funds (I would call them businesses) and should be taxed. 2. The game is rigged by the rich at the cost of the poor and now increasingly against students vs professors (who want to "max the expected utility of THEIR wealth") - See #AngusDeaton - #EconomicsInAmerica My own edgy pieces about these horrible injustices. 1. Honey I Shrunk the Kids' Wealth - https://lnkd.in/dZWs7rZ 2. LDI - Does it Make the CAPM a CRAPM - https://lnkd.in/geyNT9rv etc.

College is stupid. At least it's heading in that direction. 🧨 The average price for a four year degree is approaching $150,000*. Yikes. I'll avoid any potentially political comments here on the friendly platform of LinkedIn. Instead, I'll pose these questions… What is your ROI on your children's educational investment? Would it make more sense to save up for their future house downpayment? Are you sacrificing your own retirement for their education? ______________ Financially, know the full picture before making a decision. ✔️ Do a financial health-check. ✔️ Understand the financial order of operations. ✔️ Know your account types. ✔️ Understand your asset allocations. Then, make informed decisions…for example: ✔️ Utilize minor accounts such as UTMA's, 529's, minor Roth IRA's, etc. ✔️ Allocate assets to minimize taxes in retirement. ✔️ Hedge against both market and life risks through proper tools. ✔️ Know per capita vs per stirpes for beneficiary purposes. ______________ I help Catholic families and business owners to financially plan. I help them grow their wealth, protect it, and live off the principal in a tax-efficient manner. Hit ‘follow’ to see more. 📲 Message me to learn more. 💬 Memento mori…plan accordingly God bless 🙏 #Catholic #financialadvisor #financialplanning *https://lnkd.in/erb8VgR9.

𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝗳𝗼𝗿 𝘆𝗼𝘂𝗿 𝗰𝗵𝗶𝗹𝗱𝗿𝗲𝗻'𝘀 𝗳𝘂𝘁𝘂𝗿𝗲. Here are several compelling reasons why it's important to start investing for your children as early as possible: 𝗧𝗶𝗺𝗲 𝗶𝘀 𝗼𝗻 𝗬𝗼𝘂𝗿 𝗦𝗶𝗱𝗲: The power of compounding works wonders when you invest early. By starting to invest when your children are young, you give their investments more time to grow. This means even modest contributions can potentially turn into significant savings over the years. 𝗘𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻 𝗖𝗼𝘀𝘁𝘀: One of the most common reasons parents invest for their children is to cover the costs of a university education. Investing early can help you to build a substantial education fund, reducing the financial burden on your children when they pursue higher education. 𝗧𝗲𝗮𝗰𝗵𝗶𝗻𝗴 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗥𝗲𝘀𝗽𝗼𝗻𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝘆: Investing for your children can also serve as an important educational tool. It helps to teach them about the value of money, long-term financial planning, and responsible financial management. 𝗥𝗲𝘁𝗶𝗿𝗲𝗺𝗲𝗻𝘁 𝗣𝗹𝗮𝗻𝗻𝗶𝗻𝗴: Investing on behalf of your children can free up more of your resources to invest for your own retirement. By securing your children's future, you can focus on building a solid retirement nest egg, knowing that they have a financial foundation. Ultimately, investing for your children can help to set them on a path toward financial independence. When they have investments, they may have the means to pursue their goals, start their own businesses or navigate life's challenges with more financial confidence. Not sure where to start? Let the Lync Wealth Management team help you. Our nationwide financial advisers are here to support you in every aspect of your financial planning. Get in touch with us today. *A pension cannot normally be accessed until 55 (57 from April 2028). Your capital is at risk. #FinancialPlanning #FinancialEducation #Investing #SecureYourFuture https://hubs.li/Q02cGg_p0