Young and Determined to Attain Financial Nirvana?

Your Chance to be Among the Super Young Achievers of Goa


From the moment we become a parent, we worry about our child’s future. From ensuring that the kid goes to the best kindergarten to running from pillar to post in search of the ideal school to endless career counselling sessions, wondering whether to guide her towards medical sciences or accounting, sculpting a glorious future for our children is the most important task in our life.

What every parent essentially wants is that their children gain financial independence in their adulthood, and live prosperously – a good education is one of the ways to ensure it.

But have you ever wondered that investing a fortune in your child’s higher education or providing capital for her startup may not be the only recourse to ensure a financially secured future for them?

Yes, besides supporting your child in attaining a good education, you can ensure their future financial independence by introducing them to the tenets of financial discipline.

We are teaching our children ways to earn money, but not how to manage it.

Take, for example, Nathan’s case, who did his postgraduate course in computers from a leading foreign university and secured a high-paying job. His parents were relieved on the account of his career and financial situation. However, Nathan failed to manage his finances well. Although from a middle-class background, he soon developed a taste for finer things in life. Nathan’s extravagant lifestyle cost him much more than his handsome salary, and he courted debt very early in life. His parents eventually bailed him out of his misery, but it cost them all their retirement fund.

The truth is that like Nathan, most children are not taught how to spend their money judiciously, or the habit of saving and investing regularly.

As working adults, we all know how important it is to manage our finances responsibly; and there would be hardly anyone around who would not have suffered a financial crisis at least once in their life. We all have learnt the hard way. After all, no school or college taught us how to live a financially disciplined life!

But the times are changing. With the right guidance at the right age, the youth is making a remarkable contribution in building a stellar future for themselves by embracing financial literacy at an early age.

Poorvi, for example, started investing when she was 15. Four years later, in her first year in college, she already has a portfolio that is growing at a compounded rate of over 12%, and by the time she turns 25, her portfolio will touch a million rupees.

So, what different happened in Poorvi’s life?

Well, the first turning point in her life was meeting Dr. Celso Fernandes, a leading financial advisor, who works relentlessly towards spreading financial awareness among the youth of Goa, when he was giving a speech on financial literacy in Poorvi’s college.

She was thrilled to learn that she can save and invest as low as Rs 500 from her pocket-money each month and invest in mutual funds – a financial instrument that helps small investors invest in the consistently growing Indian stock market – where she could earn double-digit growth rate and the benefits of compounding if she remained invested for over ten years.

Poorvi loved the idea of being financially independent by the time she would be out of college.

‘No pressure to choose a specific course just to get a job to get by, and I won’t be a liability to my parents, too!’ Poorvi wondered happily.

After the speech, she met the financial advisor and expressed her desire to know more. Next, when she met him at his office along with her parents, she learned about the Super Young Achievers Club. Poorvi couldn’t believe that more than 100 other teenagers in Goa have already taken a pledge to become millionaires before they turn 25 years of age.

As Poorvi marched on to her journey towards financial independence, her parents supported her zealously. And although it was a bit difficult for her to curb her expenses and invest Rs 500 each month, she soon learned to differentiate between needs and wants.

Without even realising, Poorvi became financially disciplined. Also, as she took the responsibility of arranging her monthly investments through SIPs (Systematic Investment Plans), she became inspired to achieve the million-rupee mark much before the age of 25. To accomplish this, Poorvi religiously added to her portfolio any extra money she got from her family as a gift on birthdays and festivals.

Today, Poorvi is happy to see her portfolio grow. In spite of the market volatility, it is performing quite well, and there is little doubt that she would achieve the million mark by the time she turns 23, which means that a whole vista of opportunities would be there in front of her. She could choose to be a travelling artist or prepare for IAS or Civil Services, without being an expense to her family. She could borrow little from her portfolio now and then and it would grow back in due course, even if Poorvi stops investing – which she is certain she won’t.

Like Poorvi, many other Goan students stand a chance to join the Super Young Achievers Club and march on the road to financial independence.

With a view to spreading financial awareness amongst the youth of Goa on a large scale, Dr. Celso Fernandes and Nave Marg are organising the second edition of the Super Young Achievers Conclave on 14th November, 2018. At the conclave, eminent speakers and members of the society would help the participants to understand how to become financially independent by embracing financial literacy. More information can be availed by calling 91-9422058741.

Such opportunities are rare to come by and must not be missed.


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