Mums and dads prepare children for adulthood; intentionally or otherwise.

Spend an hour with a two year old and listen to how he/she repeats whatever is heard.

Children watch every aspect of how you live your life; including that of money management.

Intentionally begin to incorporate into your life those characteristics you want to see as part of your childrens’, as they grow into adults.

Kids and Money Management

Do the following and your kids will reap the benefits:

1. Analyse current expenses
   
2. Commit to investing into your children’s future
   
3. Assist / encourage your children to earn incomes, from an early age
   
4. Demonstrate by example and encourage them to also invest into themselves (maybe there’s an online course they could sign up and pay for)
   
5. Let them make mistakes, experience disappointments and fail (it’s good for them)
   

Some parents invest for the children that they do not yet have. Others start soon after their baby is born. Most never quite get a round to doing anything and, as such, do not stay on top of the financial commitments.

There’s many tools to help structure investing for your children’s future, and one that more and more mums and dads are turning to today is real estate.

Sadly for them, most Australian workers don’t understand what’s available to assist them to build wealth for their family’s future via the tax system.

STOP PRESS: Did you know that it may be very possible (even probable) to:

• Secure a brand new investment rental home
  
• Make your purchase with zero cash input from your bank account and/or budget
  
• Settle a home that earns more than it costs, meaning you have an appreciating asset that is not costing you anything at all to hold (i.e. a ZERO negative cash flow impact)
  
• Paying off that home by the time your child is an adult
  

I cannot and am not offering financial advice. I am 100% imploring you, however, to at least consider:

1. Planning for your children’s future
   
2. Using real estate to do so; where you receive both income and capital growth (two bites at the wealth cherry)
   

How many new home would you want to own if they cost you nothing to get in and nothing to hold and in owning it/them you would :

• Reduce your tax obligations
  
• Pay off your personal home loan faster
  
• Build wealth for the future
  
• Leave an inheritance to your children
  

Nick’s Time as a Westpac Financial Adviser

Many years ago I worked for Westpac as a financial adviser out of their Brisbane head office.

I was encouraged to sell their ‘Savings Plans’, which were types of bank accounts.

The problem with these, from my perspective, was that they tied up your money for a  very, very long time and delivered poor outcomes - when compared with other asset classes.

The idea was that if a mum and dad started saving when their child was first born, there would be money for a university education when the child finished school.

I refused to sell these back then as the returns were pathetic! I would tell clients to buy more property and that they and their family would be far better off for having done so.

That was 1993 and I can assure you that the clients who took my advice back then would today be SIGNIFICANTLY better off for investing into real estate and NOT a savings plan.

I guess it’s not hard to see why I resigned from Westpac and am now entrenched in the Australian real estate markets.

DO YOU WANT MY INPUT or assistance with anything referenced to in this email, or anything else that is property and/or finance related? If so, please ask.

Regardless of what value you feel a conversation with me may or may not deliver, I strongly urge you to not miss the value that is in this message.

‍Do something; you will be glad!