How to make your kids Millionaires

Hello Everyone, I thought I'd share a little secret with you about making your kids rich. If like me you've got children coming out of school now (or in the next few years) then you might just be interested in this. Inflation has averaged 5.6% per annum since 1949 and so getting a measly 1% on your savings isn't going to cut the mustard! You could try gilts at 7.4% or UK Core stocks and shares at 12.1% per annum average since 1956, but the real action is in UK Value Stocks which have delivered a whopping 16% per annum average over the same period of time.

This means if you start a pension plan for your kids now (which they can carry on with later) then £100 per month could give them over £1,000,000 before they reach the age of 50....by 60 they'll have over £4,750,000 which is staggering! You can do the maths yourself in Excel but I've already done it for you. You just need to know how to access Value Stocks at the lowest possible charges.

If £100 per month was all public sector workers had to pay into their pension funds then the news wouldn't be full of proposed strike action!

Money does funny things to people!!

An ex-soldier with Post Traumatic Stress has been deemed mentally incapable of fighting a court case over his grandmother's will. At 42 years old he was evicted from the house where he had lived for most of of his life because the house had belonged to his grandmother when she died in 2008. Since then he had been locked in dispute WITH HIS OWN MOTHER about the will because his GP told him he lacked the mental capacity necessary to fight the probate case against his mother.

A decision has BEEN MADE WITHOUT HIM to split the proceeds of the house. This outcome leaves him homeless and penniless once the predicted legal fees are deducted. He was given no warning that bailiffs would be arriving to evict him.

Should a person be deemed to lack mental capacity based on the say so of just one person and lose all rights to make decisions about their own finances or welfare?

Why is it that seemingly the closest of families and friends destroy each other when money gets involved?

I'd be really interested to here you thoughts.

Tim.