Make your child a millionaire

06/04/2021

When you have extra money, you have two opportunities:

opportunity to save more and opportunity to spend more.

Which opportunity will you take?

17/02/2021

Life/Health insurance should be acquired because you're still healthy and not because you're feeling ill.

05/02/2021

Life/Health Insurance is like a spare tire. When you get it, you don't use it right away. You only do when you need to.

24/01/2021

What else do you get from getting an insurance for your kids?

Peace of mind.

20/01/2021

Plan and save early for your child's future especially education.

Providing children the ideal opportunity for learning and development is any parent’s priority. 👨‍👩‍👧‍👧 And as the cost of education goes on rising each day, it is necessary to invest in savings plans that offer sufficient funds to meet the expenses at key educational milestones in their lives.
Here are some BENEFITS if you invest early in a child education plan.
𝟭. 𝗛𝗶𝗴𝗵 𝗖𝗼𝘀𝘁 𝗼𝗳 𝗘𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻:
- The fees for higher education are becoming increasingly unaffordable, such that you may have to avail a loan to meet your child's education needs. If you have wisely started investing in a child plan at an early age, then the investment sum gathered at the time of maturity will be adequate to meet the inflated fees of colleges.
𝟮. 𝗔𝘃𝗼𝗶𝗱 𝗔𝗱𝗱𝗶𝘁𝗶𝗼𝗻𝗮𝗹 𝗟𝗼𝗮𝗻𝘀:
- The most common way to arrange funds for expensive degrees is an educational loan. If you’re a young parent, you might yourself be paying your education loans right now. Why take up additional liability? Your savings/investment that you started doing today will help you and your child the most in the future.
𝟯. 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗮𝗻𝗱 𝗣𝗿𝗼𝘁𝗲𝗰𝘁𝗶𝗼𝗻:
- Through an endowment plan for child education, you get the dual benefits of insurance and investments. If the parent purchasing the child plan is not around anymore, then the insurance company pays a sum assured immediately and periodic annual pay-outs until the end of the policy tenure. These pay-outs are sufficient to pay your child's school fees in your absence.
𝟰. 𝗧𝗮𝘅 𝗕𝗲𝗻𝗲𝗳𝗶𝘁𝘀:
- The premium paid are tax exempted unlike fixed deposits or equity shares which attract a long-term capital gains tax.
A lot of parents feel cost of education will be cheaper in the future, well if it is cheaper, the money saved is still yours, if it is expensive, at least you have saved up for it, in both scenarios it is a win-win. So start early and as soon as possible.
The formula to know how much to save, its about 5% of your monthly income which you should save.
If you think this is something you will need, speak to a financial advisor to understand more about it. I'll see you in the next post! 👉learn.sanjaytolani.com

18/01/2021

"INSURANCE is not a product; it is a replacement of what could not be finished in our lifetime. USE it to create the future you want to see for your family 👨‍👩‍👧‍👦" - Dr. Sanjay Tolani

Insure them while they are young. You'll never regret it. Let's talk about your child's/children's future...

[HOW TO USE INSURANCE TO GIVE MONEY TO YOUR CHILDREN WITHOUT SPOILING THEM] 🤩

If you give Money to your children and you don't give them Values; the Money will be LOST.

BUT if you give them Values and don't give any Money; then the Values will also be LOST.

THE REASON IS:
✅The hungry stomach is stronger than "Value Systems". We all know stealing is bad; but when a person is hungry they will be tempted to steal.

“Money is not good or Money is not bad…Money is POWER ”

VALUE will show them where to use this power. SO the best combination is to give your children a lot of money and a lot of values and watch them impact the world.

If you had the option to choose how much money you would like to leave for your kids... How much would it be?

This can be created by "You" over your lifetime and till you hit that target; Use Insurance to create it for you.

INSURANCE is your tool to create what you dream off.

INSURANCE is not a product; it is a replacement of what could not be finished in our lifetime. USE it to create the future you want to see for your family. 👨‍👩‍👧‍👦

If you truly care about your kids future, why not spend 10 mins chatting with a financial advisor today and discuss what is lacking in your portfolio? There is no harm to it, isn’t it? 😊

If you are a client reading this: Speak to your financial advisor today

If you are a financial advisor reading this: please share this with clients who you believe needs to read this 😁😁.


Also check out https://learn.sanjaytolani.com/ for more articles.

17/01/2021

Make your child a millionaire for as low as 65 pesos a day.