Salma Ahmed
and Klaus Bung
Promoting your school
Learning platforms - on-line learning
Talks and presentations: Economics for children, Hindu culture
A service for ambitious headteachers
(1) Three Ways of Wasting Your Pocket Money:
or: How poor little John became a big millionaire
This presentation is an argument for saving your pocket money rather than spending it. Throughout your life, starting right now, you should save (and never touch) 10% of all money you ever receive (earned, presents, lottery wins, etc). With interest and well invested it can grow into a huge fund, especially if the child starts early and never deviates from the principle. This is not meant as saving in order to buy something expensive later (a bicycle, a house, a holiday, a car) but the money thus saved should always remain 'money' (invested in a profitable way). Money converted into a bicycle, a car or a house, etc, may be useful, or necessary or fun, but it does not work for you, it does not earn more money for you. Money that remains money and is never touched will work for you even while you sleep and eventually make you very rich. Start the habit of saving now, while you are still a child, and you can benefit from it all your life. Strictly follow the golden 10% rule.
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(28 Jan 2008)
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