Connect with us

Lifestyle

Top 6 Investments for Your Child’s Future

mm

Published

on

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 

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. 

Life Insurance 

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.

Michelle has been a part of the journey ever since Bigtime Daily started. As a strong learner and passionate writer, she contributes her editing skills for the news agency. She also jots down intellectual pieces from categories such as science and health.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Lifestyle

Wisdom and Youthful Energy Combined: Tax Attorney Lance R. Drury

mm

Published

on

Research done by The American Psychological Association indicates that the average person starts feeling old at the age of 47. This was the most cited age in a survey of 2,000 Americans over 40, with respondents also noting that they begin to worry about age-related bodily changes around the age of 50. Concerns about mental decline and memory loss are prevalent, with a significant percentage of participants expressing fears about their cognitive health deteriorating as they age. Interestingly, fewer people are concerned about losing their youthful looks compared to worries about mental sharpness and staying socially connected.

But at the young age of 70, Tax Attorney at Law Lance R. Drury embodies the belief that age is just a number — not a measure of one’s capabilities. With a career spanning several decades, the spunky lawyer continues to defy societal expectations, showcasing that one can maintain both wisdom and youthful energy well into their later years. Drury’s happy-go-lucky, quick-witted personality offers a refreshing perspective in a world where age often dictates one’s pursuits and achievements.

Lance R. Drury is the founder of the Law Office of Lance R. Drury, a firm renowned for its exceptional tax resolution services. With over 35 years of legal experience, his practice specializes in tax planning, litigation of tax disputes, and negotiation of settlements with tax authorities. Drury’s personalized approach to each case ensures that clients receive strategies tailored to their unique situations.

His offices are located in Ste. Genevieve and St. Louis in Missouri, Nashville in Tennessee, and most recently, San Antonio in Texas. Drury’s practice emphasizes understanding clients’ specific needs and navigating the complexities of tax law to provide clear, actionable solutions. Through his dedicated work, he built a longstanding reputation for his legal acumen and commitment to upholding the highest standards of the legal profession, ensuring that each client receives attentive and effective representation.

We sat down with Drury to discuss his perspective on age and how it influences his dynamic approach to life and work.

All In Your Head

Drury’s response to the question of retirement was profound.

“People often suggest I should retire,” he shared. “But staying active keeps my mind sharp and my spirit youthful.”

His days are filled with interactions that span generations, which he believes keep his mind young and engaged.

“Age is just a sequence of numbers that has no bearing on what you can achieve. The only limits are the ones you set for yourself,” Drury emphasized.

Maintaining Purpose and Connection

Drury highlighted the importance of maintaining a sense of purpose. While retirement for some means relaxation and leisure, for Drury, it’s about continual engagement and growth.

“You don’t retire from life; you move towards new opportunities,” Drury pointed out. “It’s essential to keep forging connections and pursuing goals that keep you connected to the world around you.”

He actively engages with people daily, from colleagues to younger individuals, enriching his social life and broadening his perspectives. This engagement, he noted, is key to feeling connected and vibrant.

The Psychological and Social Benefits of Staying Active

Staying engaged in work and social activities has profound effects on mental health. Drury observed that his professional engagements keep his mind sharp and give him a sense of purpose every day. This routine, he suggested, can benefit everyone, regardless of age. The social interactions that come with staying active help prevent the loneliness and isolation often associated with aging.

“Staying active is crucial for keeping your mind sharp and your spirit engaged,” Drury noted.

A Rebellious Stance on Aging

Drury’s approach is rebellious. Especially in the field of law, defying societal expectations that dictate slowing down with age is unexpected. He finds liberation in continuing his work and enjoying life on his terms. This rebellious stance is about acknowledging the aging process while embracing it with vigor and a clear sense of purpose.

“Rejecting the typical narrative of aging doesn’t mean denying the process of growing older. It means embracing it with enthusiasm and a resolve to live fully every day,” Drury passionately shared. “I encourage others to live joyfully and defiantly, irrespective of age.”

Drury’s narrative is a powerful reminder that age should not limit our dreams or capabilities. Whether it’s continuing a career, engaging with diverse social groups, or simply finding new reasons to enjoy each day, his life exemplifies the power of living without age boundaries. Drury’s advice encourages us to look beyond societal expectations and craft a life filled with engagement, purpose, and connection, no matter how many years we have lived.

In a world that often equates aging with decline, Lance R. Drury stands out as a beacon of enduring vitality and purpose, inspiring all of us to rethink what it means to grow older!

About The Law Office of Lance R. Drury

The Law Office of Lance R. Drury, founded in 2006, has been a leading legal practice in Ste. Genevieve, Missouri, St. Louis, Missouri, San Antonio, Texas, and Nashville, Tennessee specializing in tax law matters. With over 35 years of experience, Lance is a nationally-recognized tax resolution attorney providing innovative solutions to IRS tax dilemmas with a team that is dedicated to providing clients personalized and effective solutions for tax planning, dispute litigation, and tax resolutions. For more information, please visit https://www.lancedrurylaw.com/ 

Continue Reading

Trending