If all of us reading this post have a parent who opened an investment account for us when we were born, put some money away every month and then handed over the account to us at the age of 18 I’m sure we will be glad and we would have benefitted from that a lot.
That’s what I did with my son.
When my son was born I opened a junior ISA for him. I set up a standing order to be paid into his Junior ISA account and when he turned 18 I handed over his account to him. He was very happy and grateful. He uses part of the money to get himself a car which he uses as business and also invests the rest in stocks.
So here are 3 reasons why you need to invest towards your child’s future
- When we do this, we are breaking the circle of poverty
- When we do this we are creating generational wealth.
- If you open an investment account for your child at a young age, you are also teaching them financial literacy and there is going to be a high chance that they will also want to do the same for their children.
The only mistake I made was to put his money in a bank. Which doesn’t yield much interest.
If you are thinking of opening a Junior ISA for your children, I would encourage you to look at different investment websites and choose one.
HARGREAVES LANSDOWN is an investment platform and on this platform, you can start with as little as £25 or more per month. – A disclaimer, I’m not a financial expert, I’m just a mom sharing my own experience so please do your research, before you invest on any platform)
But whatever you decide, please make sure you put some money away for your child every month, they will thank you in the future.
Let’s start creating generational wealth for our family.
The most important thing is that we need to take action, don’t just read this post and not do anything about this.
We need to take action today so that We can benefit from the action we took.
As part of what we do at Brighter Bee Learning Centre, empowering parents and also helping children achieve academic success.
We would also like them to have a secure financial feature.
Look out for my post because I am going to be talking more on this topic.
- WHEN WE KNOW BETTER WE MUST DO BETTER
Have a great day 🙏❤️
Olu ❤️
#supportingotherparentsintheirparentingjourney
#financialliteracy #juniorISA #investinyiurchild #investinyourfuture
Positive Parenting With Olu 