Essendon & Moonee Valley Blog

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FINANCING YOUR CHILD’S EDUCATION

(Noel Whittaker – Whittaker Macnaught)
Investing for your child’s education should be a major priority and there are just three fundamental considerations: start early, invest in the right name and use assets that will give you the highest returns.

An investment of $100 a month for 10 years at 5% will only give you $15,500 at the end of the period, whereas $100 a month for 15 years at 10% would be worth $41,500. The extra time, coupled with the higher rate, makes a huge difference….more

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