Why is it important to consider investing for my kids?
Compounding returns! It’s a kid’s best friend, so the earlier you start investing on their behalf, the better off they’ll be when they need it. Any parent who took advantage of the $1000 KiwiSaver kickstart on behalf of their kids (which the government removed in 2015) and then regularly contributed over the years will know that. From birth, $1000 invested with $5 a week regular contribution over 18 years could be worth more than $9000 before tax and fees (nearly $6000 after factoring in 2% annual inflation), assuming a 4.5% annual rate of return. Compounding returns is when returns are earned on both the principal amount and any accumulated investment earnings generated by that principal amount. It is an important concept in investing and can help your money grow faster over time.
Where do I begin?
Denne historien er fra August 14, 2023-utgaven av New Zealand Woman's Weekly.
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Denne historien er fra August 14, 2023-utgaven av New Zealand Woman's Weekly.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
The perfect GETAWAY
From lengthy airport clinches to party ghosting, Michéle examines goodbyes
Message in a BOTTLE
Kevin makes a discovery in his shed that piques his detective skills
Empowered & thriving! PERFECT AT ANY AGE
Weekly editor Marilynn bravely shares her bold new approach to living her best life at 50 and beyond
Nature goals FIND YOUR GREEN SPACE
From stressed to refreshed! Lifestyle medicine practitioner Dr Jenny Brockis shares the simple steps you should adopt to give your wellbeing a boost
Nature & the city KELLY & MARLEY'S WILD PROJECT
The podcaster’s eyes have been opened to a new way of life
TikTok star Paris 'I'M BRINGING OUR KAI TO THE WORLD
After a tough start to motherhood, the foodie tells how she reclaimed her life
Love and the city! WENDYL'S CHANGE OF HEART
After a decade in the country, she’s given up the good life to return home
New TV star Andy 'I THOUGHT BEIN AN ALL BLACK WAS TOUGH!' Кро
It was a big shift channelling his talent into the hit show Moving Houses, but the sporting legend is a natural
Babies and beyond! INES HEALS BRAD'S HEART
The actor is embracing life with his zero-drama’ partner
Spreading the joy SIR ASHLEY'S KINDNESS CLUB
The Kiwi health legend is taking a jab at teaching kids important life skills