You may be thinking, what a strange topic to blog on Miral! Well, you may be right.

But there’s an important point in the way that 

When your basic needs are being met (food, shelter, safety), you have the power to say
                                                          “NO”. 

Being financially independent is arguably the MOST important thing you can do for yourself and your family.

Simply put, financial literacy will allow your child to say NO when they are compromised. They won’t be bribed, manipulated with money, it’ll be easier for them to get out of situations when they’re adults such as domestic violence.

How, you ask?

Because they’ll have enough money to look after themselves, house themselves and provide for themselves. Having your own money protects you from being harassed and used.

So where should we start?

If you have spare change then YOU can invest. You don’t need to have a huge amount of money to BEGIN investing.

In investing TIME is king and by starting early you’re starting to create generational wealth for your child.

Check out this Compound Interest Calculator to find out how much your savings will grow over time based on your initial investment and regular monthly contribution.

What accounts could you invest in?

This very much depends on your end goal. It’s important to establish why YOU want to invest. For example, are you investing so your kid can go to college without debt, or you generally want them to retire as a millionaire?

Will your child/teen invest their own earned income, or do you intend to invest on their behalf?

Once you establish your end goal for wanting to invest, you can choose an account which is right for them. Many accounts can be opened at birth and the amount of time you invest is directly proportional to your return. If you invest now and can invest a regular amount for a long amount of time, it’s possible for your child to retire as a millionaire!

Get started today!

Remember, you only need a small amount of money to invest. Taking that first step to get started is often the most difficult, but once you do, you won’t regret it. There’s no risk to you, so what are you waiting for?

Why should you listen to me?

In my 10+ years of investing and 20+ years of being around investors, I’ve seen and made all the mistakes that you DON’T need to make!

I’ve also cultivated relationships with people who get “first dibs” of investment opportunities that have the potential for explosive growth!

I offer affordable financial consultations whilst staying strictly to Islamic limits.

On top of this I don’t work on a commission (meaning that I don’t benefit or make a return on your investments, apart from earning a good reputation through my solid investment advice), I only work on a fee basis, so that you benefit 100% of the time.

Get my Minor Investing course

If you’d love to learn more about creating generational wealth by investing in Minor Accounts then you need my course! Read more and grab it here.