PLANNING FOR YOUR KIDS 4

“A good man leaves an inheritance for his children’s children…” Proverbs 13:22a

Folks last time I advocated saving up for your children before they are born as an important strategy for planning for them and today I will like take this discussion a notch further by advocating that savings should not be an end in itself but a means to an end.

What do I mean by this statement? I mean that savings alone may not give your children the required leverage they need to get ahead of their peers and fulfill their full potentials.

What will give them that edge is INVESTMENT.

There a couple of ways this can be done but the simplest and perhaps the most reliable way is to invest in stocks for your children. 

I remember in my post graduate program in 1988 (27 years ago), I was privileged to analyze Okomu Oil Stock in none of our term papers. At that time the stock price for Okomu Oil was 38K per share. Today the same stock sells for an average of N39.00 per share a capital gain of over 10,000%. 

Let’s do a bit of arithmetic here! Consider that at that time I bought 10,000 shares of Okomu Oil at 38k per share, I would have paid N3,800.00 for the shares. Let us assume that there were no bonus shares (which is unlikely) b y today the 10,000 shares will be worth N390,000.00.

Therefore in planning for your kids’ future, investment is a key factor to consider. You may wish to buy shares for each of them and hold them not necessary for capital gains but as a security or if you like a collateral for their future.

I will like to recommend that you seek professional advice in this regard or find books that will explain how this can be done. I can recommend a book written by my mentor and spiritual father, Dr. James Iruobe titled the way of the Rich as a good way to get started. For a copy of this book, please send a mail to femoreza@yahoo.co.uk to book your copy.

God bless you.

Femiimevbore@gmail.com
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PROBLEMS OF MARRIAGE 8

Investment

In addition to your agreement on budgeting, you must agree on making investments. You can invest on assets that will bring money to you. If you want to rely on the salaries both of you earn, you might end up living a hard life and you would not be able to achieve much.

For example, you can invest in the money market, in Treasury Bills, Fixed Deposit, Stock Market, Mutual Funds, Bonds, income generating Real Estate and anything else that has value, produces income, appreciates and has a ready market. Treasury bills are highly secured and guaranteed by Government but the income is relatively very low. Investing in the Stock Market or Capital Market is my favorite, followed by Real Estate. Multiply your money in the Stock Market and invest the proceeds in real estate because real estate is more stable.

You can invest in stocks and relax in your old age when others are still sweating it out. This kind of investment gives you the opportunity to buy into a company and share from their profit at the end of the financial year. If well managed, it is highly profitable. Both the young and the old are investing today. 

One of the richest men in the world now, Warren Buffet is an investor. Though there are conflicting stories about when he started, a story had it that he started investing at the age of 17 while some say 11 but the fact is he started investing very early in life. Nevertheless, he claimed that he started late. What about you? When are you going to start?

                          Have an aggressive investment attitude if you want a secured future. I know some retired people who still buy new cars. Why? Because of their investments which is still yielding income for them. They pay their bills and they are not depending on anybody including their children.  

                                   

 Having said that I advise that you seek an Investment Expert who will give you valuable advice about this 

subject matter.

Tithing

“Bring ye all the tithes into the storehouse, that there may be meat in my

                 house, and prove me now herewith, saith the LORD of hosts, if I will not

 open you the windows of heaven, and pour you out a blessing that there shall not be room enough to receive it” Malachi 3: 10.

Another point of agreement is in tithing. You and your spouse must agree to pay your tithe as and when due. Tithe is 10% if your income and should be paid with all sincerity and no matter how small or huge the amount is, agree to pay it. Honor God with your income so that He can partner with you. Do not rob God.

At the end of the day, you and your spouse are the ones to benefit if you make the right decisions not God.

Femi Imevbore
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