Incito Wealth

Financial literacy in school age children is important, but the stakes get much higher once your kids start working and earning an income. With money in their pockets and no shortage of places to spend it, saving and investing might be the last things on their mind. Fortunately, there are ways to entice your kids into making smart decisions with their money.
1. Introduce technology such as apps that round up your purchases and deposit the difference into a savings account.
2. Match their contributions to reach their savings targets.
3. Encourage them to seek out high-interest savings accounts that can help grow their savings and counter the effects of inflation.
4. Provide free accommodation to help them get a leg-up.
5. Match or contribute towards their super.
Contact us for more information on how you can help your children to reach their savings goals or make their first investment.

In a negative and potentially volatile investment market climate, it can lead to feeling uneasy. It is important to remember sound investment principles to live by, to avoid behavioural mistakes based on fear. Some investment principles to live by:
1. We make rational decisions with a calm and balanced mind
2. We engage with our adviser for coaching support where needed
3. We remind ourselves of what long term goals we have and focus our efforts towards those, tuning out the noise
4. We look for opportunity in uncertainty
5. We understand that ups and downs in markets can and will happen, and how I respond to such events can have a bearing on my long-term outcomes.
6. We think long term
7. We aim to regularly add money to investments to take advantage of dollar cost averaging
8. We see both risk and opportunity for what they are- not one or the other – both- with balance
9. We recognise that digesting too much mainstream media can make us feel worried, so we limit or manage the amount of news content we absorb
In short, keep calm, carry on and remember your long-term plans.

Ideally, your life partner ends up being just that — a partner for life. But if things don’t go as planned and your relationship ends, it can help to have a plan for your assets that was drawn up during less stressful times. A prenup is one option for couples looking to protect their assets from divorce and all the uncertainties that come with it. These are some tips to consider.

We make thousands of decisions each day, and a lot of those decisions happen beyond our awareness. While plenty are minor or inconsequential — which socks we’ll wear, what we’ll have for lunch — the stakes are much higher when money is involved. 𝟭. 𝗟𝗼𝘀𝘀 𝗮𝘃𝗲𝗿𝘀𝗶𝗼𝗻 is when we feel the pain of a loss more than we feel the pleasure of an equivalent sized gain. 𝟮. 𝗧𝗵𝗲 𝗿𝗲𝗰𝗲𝗻𝗰𝘆 𝗲𝗳𝗳𝗲𝗰𝘁 is the idea that we focus more heavily and more clearly on things that have happened recently. The problem is when there are certain events that might be important or instructive, but because they’re beyond our ability to recall them, they cease to influence our expectations. 𝟯. 𝗧𝗵𝗲 𝗳𝗮𝗺𝗶𝗹𝗶𝗮𝗿𝗶𝘁𝘆 𝗲𝗳𝗳𝗲𝗰𝘁 is when we develop a preference for something merely because we’re familiar with it.