What might the price of a coffee per day get you when it comes to long-term savings for your kids?
Simplicity MD Sam Stubbs demonstrates the impact of investing in a child's KiwiSaver account from birth. It could mean the difference between having a significant lump sum to put towards that child's first home deposit at just 25-years old, and having to start from scratch once they start working.
In his latest Stuff editorial, Sam provides some simple calculations showing exactly what investing $5 a day can achieve for your children's long-term future(s). It's all about using the power of compounding interest to your advantage, particularly if you can invest in diversified investments that include high-growth assets.
Read the full article here via stuff.co.nz.
By Liv Lewis-Long
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