Financial Intelligence - One Child At A Time

June 25, 2005 by Nicola Cairncross
Filed under: Wealth Coach Diaries 

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One of my Money Gym clients sent me this today:

"Ok, so you’re only doing it one child at a time, right now, but my child (aged 17) has just had a conversation with her sourcing agent and settled on the first buy-to-let property she is buying.

There was a choice of ….

…..two and she weighed up the merits of each and then made the decision that she felt best suited to her strategy.  (I was not allowed to be directly involved.) 

Where Ms Cairncros leads, the government may yet hobble, one day, maybe.

And, as if that were not enough, the example of my 17 year old has finally driven (a mutual friend of yours and mine) to do something about buying his first buy-to-let property also.

Thinking about it, it’s pretty incredible that in between yakking with friends and organising a garden party young N has just arranged to buy a first house, so I thought I’d share it with you.
Once again, thank you."  Money Gym Platinum Client

Isn’t that amazing?  Young N used to accompany her mum on the Money Gym workshop weekends and she absorbed so much financial intelligence that, when offered the choice of a new car to go to uni with, or a deposit for her first buy to let, she chose the latter. 

By the time she has finished uni, it will have increased in value by about a third, so at any time she can pull some cash out, and buy Number Two, and so on, and so on. 

By the time this young person is 25, she will be financially free.

Hurrah!

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