Financial Plan

Parents do your homework for your child’s Future

Every parent thinks about the bright future of their children. Almost all the parents have the same dream for their kids that one day they will grow up and turn into an engineer, doctor or an MBA. But if you see the trend now a days then you realize that today’s children are not biased for some old conventional occupations instead they are inclined towards the unconventional careers goals, like becoming an actor, an artist, a writer or a musician. Parents are usually not prepared about what their children want to be when they grow up and therefore they may not be on the same page to be able to meet the full costs related to the career paths of their children.

I believe you all have watched the movie, 3 Idiots. Do you remember Farhan Qureshi in it? When he was born, his father made a detailed plan for his education and career on that very day. It was not at all in the sync with his son’s passion for wildlife photography where he would not earn good salary as he could have in the engineering or corporate job still he would be following his passion.

We all are aware that children’s aspiration, education & their future is an extremely important goal for parents. To fulfill this goal parents should be backed this a plan with a good investment vehicle. Parents need to understand that they are required to ‘invest’ and not just ‘save’ to address their various goals. For the same, the parents must Do Your Homework. As education costs are going to rise significantly over the next few years and most of parents do not have an exact view of how much it would cost.

With #DoYourHomework, Axis MF is encouraging parents to take the first step in terms of finding out if they are on the same page as their children when it comes to plan their future and further finding out how they can plan their finances to meet their children’s aspirations.

On the same line they conducted interesting experiment with a group of parents and their children. At one side, children were asked to draw a picture of what they would like to become in future while the other side parents were asked to paint what they would like their children to become in future. They were told not to interact with each other during the course of the activity and what happens next….find it out here:

Based on research findings #DoYourHomework platform, enables parents to find out education costs for various career options across various countries both in the current time and in the future, and also suggests the ideal amount one should invest in order to meet the future requirements. With the help of this calculator you will be aware that how much amount you would need in future for your children’s aspiration. You can also download Homework app for the same purpose.

This platform also provides some books for children to get inspired by the explicit explanation of short stories on various professions and by trying their hands on coloring and solving crossword puzzles based on different professions.

I wish #DoYourHomework platform will do lot of good to you and your children’s future.

Vikas Agarwal
the authorVikas Agarwal
Vikas Agarwal is an IIT-Varanasi graduate in Chemical Engineering. He is the Founder and CEO of - an investment advisory website. He is a Business Development Professional but a Value Investor at heart. He writes articles on Finaacle, which focus on simplifying the art of investing and the causes of human misjudgment when it comes to investing. He also shares his experiences as an investor and lessons from some of the greatest investors of all time.

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