Page 32 - Waterfall City Issue 11 November 2024

Waterfall City Finance

Source: New York Retirement News

mind that the child will use his/her own exponentially over time. Compound to maximise the benefits of compound
annual or lifetime limits. Ultimately, growth occurs when the returns growth. By harnessing the power
given that these funds can cover the generated from an investment are of compound growth, investors can
cost of further education or setting reinvested to generate additional potentially achieve their financial goals
a young adult up for a successful earnings, leading to a compounding more quickly and build substantial
start in life, many parents consider effect that accelerates the growth of wealth over the long term.
it a reinvestment into generational the investment.
prosperity. Leaving a legacy is not always as
Over time, even small initial easy as it sounds but by introducing
Remember that good habits investments can grow significantly financial education early in life and
compound over time due to the compounding of returns. nurturing this knowledge as children
The concept of compound growth This phenomenon highlights the grow, we can empower the next
in investments is a powerful force importance of starting to invest early generation with the essential skills to
that allows investments to grow and consistently adding to investments make informed financial decisions.

30 Waterfall City Issue 11 2024