Vijayakumar

𝐇𝐨𝐰 𝐭𝐨 𝐭𝐞𝐚𝐜𝐡 𝐬𝐚𝐯𝐢𝐧𝐠𝐬 𝐡𝐚𝐛𝐢𝐭 𝐟𝐨𝐫 𝐬𝐜𝐡𝐨𝐨𝐥 𝐤𝐢𝐝𝐬? We are what we repeatedly do Excellence then, is not an act but a Habit- 𝐒𝐚𝐯𝐢𝐧𝐠𝐬 𝐢𝐬 𝐚 𝐇𝐚𝐛𝐢𝐭 𝐇𝐚𝐛𝐢𝐭𝐬 𝐛𝐮𝐢𝐥𝐝 𝐑𝐨𝐮𝐭𝐢𝐧𝐞 𝐑𝐨𝐮𝐭𝐢𝐧𝐞 𝐛𝐮𝐢𝐥𝐝𝐬 𝐃𝐢𝐬𝐜𝐢𝐩𝐥𝐢𝐧𝐞 𝐃𝐢𝐬𝐜𝐢𝐩𝐥𝐢𝐧𝐞 𝐛𝐮𝐢𝐥𝐝𝐬 𝐒𝐮𝐜𝐜𝐞𝐬𝐬 Financial literacy affects every area of our life. The sooner 𝐤𝐢𝐝𝐬 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝 𝐭𝐡𝐢𝐬, it is better for their #life This is called 𝐎𝐍𝐄 𝐑𝐔𝐏𝐄𝐄 𝐅𝐎𝐑𝐌𝐔𝐋𝐀 (𝐏𝐥𝐞𝐚𝐬𝐞 𝐫𝐞𝐚𝐝 𝐟𝐮𝐥𝐥𝐲, 𝐬𝐞𝐞 𝐢𝐦𝐚𝐠𝐞, 𝐯𝐢𝐝𝐞𝐨 𝐟𝐨𝐫 𝐛𝐞𝐭𝐭𝐞𝐫 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 & 𝐑𝐄𝐓𝐖𝐄𝐄𝐓/𝐑𝐄𝐏𝐎𝐒𝐓 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 𝐥𝐚𝐫𝐠𝐞𝐫 𝐚𝐮𝐝𝐢𝐞𝐧𝐜𝐞 ) Parents having Kids in the age group between 6years-12 years can teach this concept. Lets take one full year. Jan 1st- Save Rs 1 Jan 2nd-Save Rs 2 . . Jan 31st- Save Rs 31 Feb 1st- Save Rs 32 ( Not Rs 1- Please note) Feb 2nd- Save Rs 33 ( Not Rs 2) . . Dec 30th- Save Rs 364 Dec 31st- Save Rs 365 This is called 𝐒𝐧 = 𝐧(𝐧+𝟏)/𝟐 Everyday kids should save the amount for the respective days. For example, January Month- Rs 464 February Month- Rs 1274 . . December Month- Rs 10850 If you do the math, 𝐊𝐢𝐝𝐬 𝐰𝐢𝐥𝐥 𝐬𝐚𝐯𝐞 𝐑𝐬 𝟔𝟔𝟕𝟗𝟓 𝐰𝐡𝐢𝐜𝐡 𝐢𝐬 𝐚𝐫𝐨𝐮𝐧𝐝 𝐑𝐬 𝟓𝟓𝟔𝟔 𝐩𝐞𝐫 𝐦𝐨𝐧𝐭𝐡. Initially in Jan, Feb, March they will #save less but last 3 months amount will be high. 𝐍𝐞𝐱𝐭 𝐬𝐭𝐞𝐩 & 𝐚𝐜𝐭𝐢𝐨𝐧 1) Whatever saved in piggy bank monthly, ask them to deposit in the minor account 2) Kids will understand savings, bank account debit/credit etc 3) Whatever saved, Please do SIP #investing monthly till they reach 21 years 4) 𝐑𝐬𝟓𝟓𝟔𝟔 𝐩𝐞𝐫 𝐦𝐨𝐧𝐭𝐡 𝐟𝐨𝐫 𝐧𝐞𝐱𝐭 𝟏𝟓 𝐲𝐞𝐚𝐫𝐬 @𝟏𝟎% 𝐫𝐞𝐭𝐮𝐫𝐧𝐬 𝐢𝐧 𝐞𝐪𝐮𝐢𝐭𝐲 #𝐦𝐮𝐭𝐮𝐚𝐥𝐟𝐮𝐧𝐝𝐬 𝐨𝐫 #𝐧𝐢𝐟𝐭𝐲𝟓𝟎 𝐰𝐢𝐥𝐥 𝐟𝐞𝐭𝐜𝐡 𝐭𝐡𝐞𝐦 𝐜𝐨𝐫𝐩𝐮𝐬 𝐨𝐟 𝐑𝐬 𝟐𝟑.𝟐𝟔 𝐥𝐚𝐤𝐡𝐬 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 & 𝐀𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞𝐬:- 1) Kids will understand the importance of savings when they practice everyday. 2) Kids will understand that smaller amount for a longer period of time will fetch big corpus. Learning 𝐏𝐨𝐰𝐞𝐫 𝐨𝐟 𝐜𝐨𝐦𝐩𝐨𝐮𝐧𝐝𝐢𝐧𝐠 & 𝐓𝐢𝐦𝐞 𝐯𝐚𝐥𝐮𝐞 𝐨𝐟 𝐦𝐨𝐧𝐞𝐲 3) Kids will not be impulsive, they will delay gratification in life 4) Most importantly, 𝐖𝐡𝐞𝐧𝐞𝐯𝐞𝐫 𝐤𝐢𝐝𝐬 𝐝𝐨 𝐠𝐨𝐨𝐝 𝐭𝐡𝐢𝐧𝐠𝐬, 𝐢𝐭 𝐰𝐢𝐥𝐥 𝐬𝐩𝐫𝐞𝐚𝐝 𝐰𝐢𝐭𝐡 𝐜𝐨𝐮𝐬𝐢𝐧, 𝐛𝐫𝐨𝐭𝐡𝐞𝐫𝐬, 𝐟𝐫𝐢𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐰𝐞 𝐜𝐚𝐧 𝐜𝐫𝐞𝐚𝐭𝐞 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐥𝐢𝐭𝐞𝐫𝐚𝐜𝐲 𝐚𝐭 𝐲𝐨𝐮𝐧𝐠 𝐚𝐠𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐬𝐨𝐜𝐢𝐞𝐭𝐲 5) Also, it will have good bondage between kids and parents and one way of spending time with them. 𝐒𝐤𝐢𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐚𝐦𝐞 My both kids follow this formula, have accounts, having SIP in their name through our company. 𝐃𝐨𝐧'𝐭𝐬 ❌❌❌ Parents are not supposed to do. Parents only to support & guide. Otherwise purpose of this #savings exercise would get defeated & they may not learn 𝐀𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐜𝐨𝐧𝐜𝐞𝐩𝐭 : 1) Have done this 𝐍𝐚𝐧𝐚𝐲𝐚 𝐕𝐢𝐤𝐚𝐝𝐚𝐧, 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐧𝐞𝐰𝐬 𝐜𝐡𝐚𝐧𝐧𝐞𝐥 & 𝐍𝐞𝐰 𝟏𝟖 𝐓𝐕 𝐜𝐡𝐚𝐧𝐧𝐞𝐥 𝐢𝐧 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐓𝐚𝐦𝐢𝐥 𝐥𝐚𝐧𝐠𝐮𝐚𝐠𝐞 𝐰𝐡𝐞𝐫𝐞 𝐢𝐭 𝐡𝐚𝐬 more than 𝟏 𝐥𝐚𝐤𝐡 𝐯𝐢𝐞𝐰𝐬 + 2) Most of our customers kids follow this & we give medals/Shields personalized to kids to encourage 𝐏𝐥𝐞𝐚𝐬𝐞 𝐬𝐞𝐞 𝐜𝐡𝐚𝐫𝐭, 𝐯𝐢𝐝𝐞𝐨 fully & 𝐫𝐞𝐭𝐰𝐞𝐞𝐭 𝐢𝐟 𝐲𝐨𝐮 𝐥𝐢𝐤𝐞 𝐭𝐡𝐞 𝐜𝐨𝐧𝐭𝐞𝐧𝐭 #investingtips Mutual Funds Sahi Hai @KiranPRajput Kumar S #stockmarkets #MutualFundsSahiHai #TeachersDay