Picture this: a few months back, we embarked on the adventure of school bag shopping for the upcoming academic term. As expected, prices were through the roof, and I couldn't help but notice how my kids were more fixated on brand names than on the true worth of their school gear.
Among the array of bags, there was one that caught my youngest's eye, priced at a hefty 300 AED (roughly $90). My immediate reaction was to veto the idea.
Understandably, he wasn't thrilled, and his siblings mirrored his disappointment, barring the eldest.
But then, a lightbulb moment struck! I proposed an experiment: they could opt for the money instead of the bag, empowering them to make their own financial decisions.
The eldest jumped on board without hesitation. The middle one took some convincing but eventually saw the wisdom in saving over splurging. Interestingly, he even noted how many of his friends rocked older bags without a care.
Now, here's where it gets intriguing! The youngest, fueled by his love for his favorite football club, was adamant about that pricey bag.
Fast forward six months, and the older kids are beaming with satisfaction over their choice to pocket the cash. Meanwhile, the youngest, while regretful, has vowed to stick to his budget and forego a new bag this year.
This little episode sparked a transformation! All three have become savvy with their spending, weighing their options before diving in. I created a video documenting this whole story here.
Oh, and did I mention? They've also delved into the world of YouTube, assisting me with video editing in exchange for a fair sum. It's not just a job; it's a journey of learning and growth, proving that financial literacy can be both enriching and fun! 🚀🎥
#FinancialAdventures #KidsAndCash #MoneyMastery
Referral links for GCC based platforms where I invest in:
🏡 Getstake (Get 250 AED): https://getstake.com/signup?ref=MUHAMMAD2337
📈 SARWA (Get 50 USD on invest & save platform): https://fas.st/t/uK6y58eS
📊 Baraka (Get upto 25 USD on stocks platform): Referral code: Z9TVDT Download the app: https://getbaraka.com/en/
🏠 Smartcrowd (Get 250 AED): https://my.smartcrowd.ae/?signup=true&r=wkhan
Highlights of videos I uploaded last week are linked below.
About Myself
I post 3 videos every week on my YouTube channel on the topics of productivity & personal finance specifically for expats & in general for wider Pakistani community. Besides this, I update this website / blog on weekly basis so do visit regularly for updates - To get value out of the content, please consider subscribing both the YouTube channel and the newsletter.
💻 Interested in all the gadgets I use on daily basis?: https://walikhan.co/the-gadgets-i-use/
For 1-1 sessions on booking basis with the following core topics of discussion:
Productivity
Personal Finance
YouTube & Social Media
Price for the session can be confirmed by emailing your details at financewithwali@gmail.com & booking can be made with the link: https://calendly.com/wali2k/1-hour-1-1-session
Disclaimer: I am not a financial advisor and consider these sessions for knowledge sharing and discussion only.
My social media handles:
Twitter
Instagram
Facebook
Linkedin
Tiktok
Youtube (Main channel)
YouTube (English channel)
Youtube (Short clips channel)
KEEP HUSTLING ;-)