He made learning about money fun by creating a game where they earned "income" by doing chores. It wasn't a significant amount, but it was enough to start his journey towards financial prosperity as earlier said “start small” because the “later can be late” and won’t come soon.įinancial Literacy along with Character developmentĪs time went on, Swaminathan realized that financial literacy was crucial in the digital age. His children got excited and with the guidance of Swaminathan, they opened a savings account and put the money into a low-risk investment option. He watched with awe as the numbers grew steadily, surpassing his initial expectations. The power of compounding was at work, multiplying his initial investment and the subsequent contributions he made. He believed in “An early small start is always bigger than starting big later”.Īs the years went by, Swaminathan’s investment began to show promising returns. He told his children that he always remained patient and continued to contribute a portion of his allowance regularly. Start early Investing with small and power of Compounding He had overheard his parents talking about the concept of investing and how it could help grow money over time and decided to take a leap of faith and invest his gift. While some children might have spent it on toys or treats, Swaminathan had a different idea. He told them that at the age of 10, Swaminathan received a small sum of money as a gift from his grandparents. He decided to teach his children to experience the power of early investments. One day after getting the pocket money he overheard his children discussing spending the pocket money for some impulsive buy. He used to give monthly pocket money to his children to teach another lesson - “The lesson of early investing”. They started to use the magical coin jar, the budgeting board, and the deal-finding device, eager to start their own money-saving adventure.īut Swaminathan didn't stop there. Inspired by these tales, his kids couldn't wait to put his newfound knowledge into action.
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