More Guiding Principles

The third principle should be consistency and time value. A critical and an assured need like a child’s education cannot be matched with high risk investments. The assumptions of the plan need to be based on a lower but more secured rate of compounding to create wealth. To leverage on the time value benefits, an individual needs to commence the process of planning for the child future preferably the moment the child is born.

So you have to focus on all critical aspects of planning your child’s future. Today the biggest investment that a parent needs to make on their children is a high quality of education. There is no escaping the fact that costs have risen sharply and the days of subsidized education is history. The best way to give your child a secured future is to invest in their education by following the basic guiding principles discussed earlier. Let us put our best foot forward.