It’s never too early to start investing
Starting your children at an early age gives them more time to compound their wealth
CHINESE New Year has arrived once again, and this annual celebration never fails to remind me of two things – festive goodies and red packets. While snacking is a highlight, this article is inspired by the familiar red packets children receive.
As many of you know, red packets, also known as “hongbao” in Mandarin, come with a gift of money and are handed out to children, family members and friends as a symbol of good fortune. Naturally, my 13-year-old daughter is a big fan of this tradition. After all, who wouldn’t enjoy collecting red packets from relatives and loved ones?
The act of giving made me think hard, though. Rather than just giving our children red packets as per tradition, can we do more for them?
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