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Planning for Child’s Future

Children are the future. Nurture them right, so that they grow up to be able leaders and lead the world towards light. While, we wish every parent a happy children’s day, we take great pleasure in offering customized solutions to make your dream a reality.

As a parent, we strive hard to give our children the best of everything. We are our child’s important teacher.

Planning for Child’s Future

Planning for Child’s Future

IFE Academy brings you some tips to teach them the values of Life and secure their future financially.

Positive Attitude For Child's Future.

The more optimistic a parent, the better a child understands the principles of positive thinking. Interpret things in your own life positively. Express it openly and in conversation with your child.

When children develop a positive attitude early in life, it helps them face challenges with strength and hope. A child learns to better manage life’s inevitable disappointments: not making a sports team, rejection from a university program, or failing a test. Studies show older children trained to think optimistically are less likely to develop depression later in life. Consequently, a positive-thinking child becomes a more resilient one.

Plan Reducing your child's television, video game, and Internet use.

Children on an average spend more time watching TV, playing video games and using the Internet than they do completing homework or other school-related activities. Help your Child learn to use the Internet properly and media effectively.

Encourage your child to read.

 Helping your child become a reader is the single most important thing that you can do to help the child to succeed in life. Reading is the key to lifelong learning.

Encourage your child to be responsible and work independently.

Taking responsibility and working independently are important qualities for success. You can help your child to develop these qualities by making it clear to your child that he/she has to take responsibility for what he/she does, both at home and at school. Show your child how to break a job down into small steps, and monitor what your child does after school, in the evenings and on weekends. If you can't be there when your child gets home, give him/her the responsibility of checking in with you by phone to discuss his/her plans.

Tips to be financially ready For Child's Future.

Have the Roadmap ready:

Based on the child’s interest, identify the educational stream. It may be Medicine or Music. Identify the institutions that offer the best course in the stream you prefer. Estimate the cost of the course today. Factor in inflation, while planning for future.

Start investing early: 

Start investing systematically in an Equity Oriented Mutual Fund. The investment would enjoy the benefit of rupee cost averaging and power of compounding when invested for the long term.  Equity is the only asset class that generates inflation beating return in long run.

Secure your Financial Plan with Insurance:

Cover your Life with appropriate Life Insurance. It may be Group Insurance or Term Insurance or a traditional product or a combination of products. It depends on how much life insurance you may need and how much of premium you can afford. By combining the advantages of different life insurance products, you can help secure your family's financial future. Like diversifying an investment portfolio, choosing a few different life insurance options can offer you a broader range of coverage opportunities.

Posted in Parenting on December 04 2019 at 02:57 PM

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