You are a hard working person and you want what is best for your family. What will it be like if tomorrow you are not there to ensure the well being of your family? Will your wife or husband enjoy the lifestyle you are giving them right now in case you never see tomorrow? A good man is he who leaves an inheritance for his Children and his Children’s Children. That is a famous scripture from the Bible that many of us have come across. But how many of you inherited wealth from your parents. Maybe you say that land, that business or maybe nothing, but let me rephrase my question, if you pass on today, how much will you leave behind as an inheritance for your children or child? Nobody loves talking or reading about them dying, but the truth is, someday we will all be gone.
Sometimes we say we need a lot of money to be able to leave inheritance behind or rather it is meant for the rich. However, the truth is that, anyone can be able to leave their family with something tangible. Let us take a look now:
You are a young Man in a business or a Job just turning 28 married maybe and with a small child. Your salary isn’t much to spare but you want to cover your beloved family. You can protect you family and ensure they receive say 1.5million shillings whether it is next month or next year or maybe 50years to come by investing Ksh.1,917.00. is that worth it? If you are 38yrs you invest about 2000/= and if you are 48yrs it will be 2333/=. The amount that will be given will be Ksh.1,500,000 regardless of when it happens. You can leave great wealth behind by doing small investments as shown on the table below.
Life cannot be quantified by any amount of money and neither can life be compared to any other. There is only one you in your world; you are a father/mother/sister/brother/son/daughter and nothing or no one can replace you. But what happens when you are gone? A blank space that time or none can fill. It is important to cover your loved ones and protect them from indescribable loss and suffering even in your absence. Leaving your loved ones with money that they can start life with when you are gone or pay debts that you have or pay for your hospital bills may not bring you back but it will make them move on with life knowing that you loved enough to care about them when you were there and that even if you are gone, you still are providing for them.
Monthly investments | ||
28yrs | 38yrs | |
2,000,000 | 2,174/= | 2,275/= |
3,000,000 | 2,577/= | 2,796/= |
5,000,000 | 3,316/= | 3,772/= |
10,000,000 | 5,072/= | 6,117/= |
Email me your contacts to botachi@gmail.com or text +25471090832 for further personalized investment plans and advice. Be financially smart. (Brian Otachi is an accredited Personal Financial Advisor working with Old Mutual Kenya Ltd.)
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