I came across an interesting article by Keane Lee in Fundsupermart - the quaterly magazine issued by iFast Financial Pte Ltd., an investment administrator in Singapore. It talks about wealth accumulation and the different vectors that drive it.
It said , there are 4 things that determine your wealth accumulation ability:
1. Wage, W
2. Savings Rate %, S
3. Return on Investment, R
4. Time, T
Simple, isn't it?
Reading that article, I realised that financial education among kids in India is not that prevalent. Most kids learn this if they are lucky to be born into a Marwari or Sindhi or Baniya family.
Equipping kids with this powerful tool should be an important objective of education. Making it into an entertaining game should get it off the ground with them.
Monday, April 16, 2007
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