Page 46 - Kyalami issue 3 2022
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Kyalami Estates Corporate Brand Bible  Design  26
 3.0  Folder (Inner)
      TODAY'S CHILD
 Kyalami Estates Corporate Brand Bible  Design                                  only way to increase one’s net worth.                                  23
                                                                                Earning interest on savings and getting
                                                                                a return on investments are essential
                                                                                ingredients to achieving growth. As
 3.0  Invoice Template                                                          they complete more modules, more
                                                                                opportunities to invest are opened up.
                                                                                This section is designed to teach the
                                                                                kids the value of long-term investing
                                                                                and it also makes them aware of what
                                                                                the risks might be.
                                                                                OTHER ONLINE OPTIONS
                                                                                If you’re not sure about committing to
                                                                                an entire series of the MoneyTime SA
                                                                                modules, here are some YouTube video
                                                                                channels you can try:
                                                                                •  Learning Mole
                                                                                •  Easy Peasy Finance
                                                                                •  Smart Kidz Learning
                                                                                •  The Rich Dad Channel
                                         INVOICE                                •  TEDx Talks

                                                                                CHANGES IN ASPIRATIONS
                                                                                Although we can all accept that what
                                        Entity: Kyalami Estates                 one generation prioritises is not
                                    Entity VAT No: 2018/031605/07               necessarily something that will even be
                                           Entity Reg No:                       relevant for future generations, if the
       Examining the family’s monthly   Invoice Date: xx May 2019               crisis of the pandemic has taught us
                                            This course allows the kids to work
       consumption of electricity, gas and   through the programme independently   nothing else, we can appreciate that
       water, and discussing how the family   and there are quizzes and tests that   financial stability is imperative if we
       can save on these utilities, is another   earn them virtual money once they have   want to live healthy, happy and relatively
                                              Bill to:
       useful exercise. Looking into whether   completed the modules and answered   stress-free lives.
       it would be better to buy a vehicle on   the questions – so much better than
       credit vs buying it outright, debating   being paid for doing chores! Their   Many school leavers, however,
                                                           Tax Invoice No: xxxxx xxxxx
                   Attention:xxxxx xxxxx
       whether vehicle hire would be an     earnings go into a ‘Current’ account and   are questioning the aspirations of
                     Xxxxx xxxxxxxxxxxx
                                                          Recipient VAT No: xxxxx xxxxx
       option or merely using Uber for the odd   they can choose to spend, save, invest   owning a property, driving a fancy
                                                             PO Number: xxxxx xxxxx
                     Xxxxx xxxxxxxxxxxx
       occasion – these are all useful ways   or opt to donate a percentage of their   car, embarking on a high profile (and
       to get the kids more in touch with the   virtual wealth to charities.    often very demanding) career – and
       realities of life.                                                       maybe even whether they want to
                                            Adding another dimension to their   have kids or not. Some place more
                                            financial literacy journey is the link
       BOOKS AND ONLINE COURSES           Your Reference:            Tax Reference:
                                                                                emphasis on having more freedom to
                  Account:
       There are various books on the market   between career choices and earning   do what makes them happy, opting for
                 Kyalami Estates
                                            potential. Each child starts as a
       that could give you some guidance    Kyalami Estates           Kyalami Estates
                                                                                a more experiential lifestyle, rather
       as a parent, such as Finance 101 for   gardener. They can work their way up to   than accumulating a lot of material
       Kids, Teaching Kids about Money,     a better-paying occupation by investing   possessions that will undoubtedly
       Money Smart Children and Make Your   in further education. For each position   weigh them down. But even this
       Kid a Money Genius (all available    up the pay scale, there’s a cost to   option must surely involve some kind
       from takealot.com), but sharing that   achieve a better qualification, but the   of financial stability.
                                             Unit Price
                                                                     Tax Reference:
                 Description:
       information with the kids may be a   trade-off is that each time a module
                                             R000 0000
                Xxxxx       xxxxxxxxx
                                                                        R000 0000
                                                                        R000 0000
                                             R000 00000
       challenge. Xxxxx        xxxxxxx      is completed at the higher level, they   The bottom line is that it’s great to
                                            are paid more. This establishes the   be ‘in the moment’, spending without
       The other option is to have them go   important connection between seeing   a care in the world to achieve that
       online. MoneyTime SA                 education as an investment, and a route  ‘feel good’ factor, but adding a long-
       (www.moneytimekids.co.za) offers a  Sub Total: R000 000.00               term component to their outlook on
                                            to earning more income by becoming
       financial literacy programme for tweens   better qualified.              life could lead to some ‘sensational
                                      VAT 15%: R000 000.00
       and teens aged 10 – 14 years. It’s an   Total: R000 000.00               moments’ further down the line, if
       online course that does the teaching for   NET WEALTH                    your kids are conversant with all the
       you – which is great for this generation   The MoneyTime SA course also shows   right strategies to make the best
       because they hate being told what to   that earning money by working (to   of the financial resources at their
                                            complete the modules) is not the
       do.                           Account Name: Kyalami Estates              disposal.
                                            Bank: Investec
                                        Account: xxxxxxxxxxxxxxx
          REFERENCES                    Account Type: Current
          https://savingsinstitute.co.za/  Branch Code: xxxxxx
          https://moneytimekids.co.za/  Estate Office & Administration
          https://en.wikipedia.org/wiki/One-child_policy
                                  Tel: (011) 468 3001/2  |  Fax: (011) 468 1246
                                       Email: info@kyalamiestates.co.za
          https://www.reuters.com/article/us-southkorea-fertility-rate-idUSKBN2AO0UH
                                       PO Box 50, Kyalami Estates 1684
   44 Kyalami Estates • CONNECT • Issue 3 • 2022
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