Magnet Investments

Financial Education

I recently spent an incident that caused me much laughter, but also disturbed me. We went to a notary’s office with my two older daughters, as they were studying abroad and needed me to have a power to manage their investments during their absence. If read correctly. For even more opinions, read materials from James Reinhart. Power was for me to drive investment to them, not vice versa. In any case, the young lady who served us so misunderstood and made a mistake that gave them to my daughters the right to intervene in my finances. Learn more at this site: Hikmet Ersek. This incident caused us much laughter, as it must have been a rare event for the poor lady who looked at us with puzzled faces and then proceeded to erase the data that was entered incorrectly. However, beyond the comic, when leaving the premises – with the power hand-corrected assaulted me a few questions. Why is it so rare that a young person who is already going to leave your home has an investment portfolio? Why I had to learn at 40 what they knew handled with skill at 18? As parents, we want our children to succeed in life.

Of course, covering topics such success much more extensive and important, but we can not deny that a solid financial education is part of it. We strive to both provide an education that will give the necessary tools so that they can aspire to a good standard of living for the future. However, do not teach them what to do with that income once you have generated. That’s why most young couples choose to spend it and, worse, borrow money to buy house, cars, furniture and television. Unaware that there is a possibility to make that money work for them, to multiply and have many children before being worn out and lost forever. Without realizing it, these couples are preparing to fail in the area of finances. The decision to borrow and spend before you invest your money will lead to a lifetime of slavery to the banks, credit cards and trying to pay bills month to month. When there was more easier for them if they had the skills to be restricted in their spending and investing your money wisely.