Page 46 - Kyalami issue 3 2022

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