Life is not easy for anybody. Not even the rich, most privileged or the most successful. Everyone has to go through struggles, survive them and find happiness. It is often said the grass should not be judged from a far fence as one does not know what is going on, on the other side of it. Same is the case with humans. A kind word or gesture always helps because you don’t know what a person is going through even when they are smiling.
When Brooke Sevigny was in high school studying production and design she was diagnosed with a rare lung disease. By the time she was 16 years of age she was getting biweekly transfusions while her school life kept moving ahead. Everything exhausted her so much that her body as well as her relationship with peers suffered. She was not able to keep up with the studies.
But Brooke was not willing to give up so she worked harder and pushed hard thus securing a graduation a year earlier than expected. Her doctors were able to save her life. She was happy but also a realization hit her. Her privilege, her access to good healthcare bought her back from death.
She would have definitely lost her life in case she didn’t have access to such good doctors and treatments. Thus after finishing her high school, Brooke Sevigny decided to work with her doctor to help the underprivileged patients and their families who are facing rare diseases and financial problems.
Top 6 Investments for Your Child’s Future
If you’re looking to give your child a head start in life, there’s no better way than investing in their future with some wise choices. From saving for a college education to teaching them the importance of financial literacy, there are plenty of ways to help them gain the skills they need for successful adulthood. Here are six great investments you can make now that will provide dividends in the future:
Financial literacy is a critical skill that will remain valuable for life, and you should start teaching your child as early as possible. Not only can this help them understand basic concepts such as budgeting, saving, and responsible spending habits, but it can also increase their confidence when dealing with their finances. Encourage your children to save a portion of the money they receive, and show them how to make smart investments, such as opening up a savings account.
Positive Role Models
The people your kids look up greatly influence their lives, especially during their formative years. That’s why it’s crucial to be a good role model and surround them with positive role models who embody values such as honesty, hard work, and integrity which your children can learn from or aspire to emulate. This includes friends, family members, teachers, and mentors. Exposing your children to such people can help them broaden their horizons and see the world differently.
A Good Education
Investing in your child’s educational journey from elementary school to college will open doors to careers and opportunities they may not have had before. To save your child from the debt that comes with post-secondary education in Canada, start early and put into an RESP (Registered Education Savings Plan). This is a special type of investment account specifically designed to save for college expenses. It is essential to understand the structure and features of the plan and how it works to maximize your savings.
Quality Family Time
Set aside family time and special activities such as cooking, playing board games, or taking nature walks. This allows your children to bond with each other and explore the world around them. Investing in quality family time will provide endless opportunities for growth, learning, and development, setting your children up for a bright future. Spending time with your little ones will also create lasting memories that will stay with them forever. It will also teach them valuable skills such as communication and conflict resolution.
Investing in life insurance ensures your child’s future financial security. Not only will it protect them in case something unexpected happens, but it can also be used as an investment tool if you opt for the right policy. With the right plan, you can maximize the money your child will receive by providing them with a secure financial future should anything happen to you or your partner.
Mental Health Support
Life isn’t always easy; sometimes, your kids need extra help navigating life’s journey’s ups and downs. Mental health support takes many forms, from therapy sessions with psychologists or psychiatrists to mindfulness techniques like meditation. Supporting children during difficult times allows them to process emotions more effectively so they are better prepared for adulthood when life throws curveballs. With the rise of mental health issues in today’s society, it is vital to invest in your child’s mental health and ensure they have the right support system.
These are just a few top investments you can make for your child’s future. Whatever strategies you choose, remember that each has its benefits, from immediate gratification to long-term financial security. Investing in your child’s future will give them the skills and resources they need to live a successful, fulfilling life.
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