In the Know: Developing Problem-solving skills!

In the Know: Developing Problem-solving skills!

In The Know Parents What's new?

Have you ever wondered how you can help foster your child’s problem-solving skills? Perseverance and courage are important character strengths that we believe help children to develop the skills they need to tackle life’s challenges! This week, we’ll be sharing fun, educational activities that will encourage problem-solving and brainstorming, with the aim of helping young people to make sense of clues, and try different solutions on their path to problem-solving fun. Read on to find out what we’ve got lined up!

Learn to design and code apps with Microsoft!

In this free workshop, young people aged 13 and older will learn about apps and how to create them. They’ll get to brainstorm their app ideas and learn to code an app with App Lab! By the end of this workshop, your child will have learned coding fundamentals and understand what apps are and how coding relates to them. The workshop takes place on Friday 8th October, and you can book here

Learn how to make your own cartoon!

Udemy has a free online course for young people of all ages. In this course, your child will create 25 fun cartoon drawings, participate in activities that grow critical thinking skills, develop hand-eye coordination, encourage self-expression and apply the knowledge gained to create their own unique masterpiece. You can register for the course here.

Develop problem-solving skills with Figure This!

Figure This! is a free app for young people aged 11 and up, that uses math problems to help them understand real-world scenarios! These challenges cover topics from algebra and geometry to statistics and probability. This app can help your child to visualise math problems and gives them extra questions and reading suggestions to extend their learning! To sign up, click here

Applications for our online 1:1 Programmes close today!

This is your last chance to book your call with our team to find out more about our 1:1 Programmes. Our scholars have been able to move up by 2-grade points within a year of being on one of our programmes eg. from a D-grade to a B-grade! The closing date for applications is 24th September 2021. If you’d like to find out more or are interested in signing your child up for this term, book a call with the Scholar Success Team today!

In the Know: Opportunities to boost creativity!

In the Know: Opportunities to boost creativity!

In The Know Parents What's new?

School is back in full swing and the routine is settling in, so we thought we’d share some exciting opportunities to bring back the fun factor! This week, we’ll be sharing events to give your child the chance to get creative, help keep their minds active and encourage new ways of thinking and solving problems. Are you keen to help them get in on the learning fun? Read on to find out more!

Using art and music to showcase talent
Kakou is giving young people between the ages of 8-15 a unique opportunity to express themselves. This free workshop gives your child the chance to showcase their talents through music and the creative arts! And they’ll also get to explore how the environment and social culture are changing around them. This event takes place on Wednesday 22nd September, you can book here

Take up singing and songwriting lessons!
If your child is interested in singing and is between the ages of 11-16, this opportunity is not to be missed! R&B singer and songwriter, Luv`Rell, will be hosting free singing and songwriting lessons, where she will teach young people to create intricate harmonies and practice their vocal skills! These lessons will take place from Thursday 23rd September, and you can get your ticket here

Encourage scientific thinking
Aactivekidszone is hosting a free online workshop where your child will have the opportunity to make their own scientific instrument. During the workshop, your child will experience the concept of scientific thinking and conduct experiments using household articles, waste things, and low-cost materials. The workshop takes place on Sunday 26th September, and you can book your spot here.  

Application Deadline Extended for our online 1:1 Programmes!
We’re excited to let you know that applications have been extended for our 1:1 online Tutoring & Mentoring Programmes. Our scholars have been able to move up by 2-grade points within a year of being on one of our programmes eg. from a D-grade to a B-grade! The closing date for applications is Friday 24th September 2021. If you’d like to find out more or are interested in signing your child up for this term, book a call with the Scholar Success Team!

 

In the Know: National Coding Week

In the Know: National Coding Week

In The Know Parents What's new?

It’s National Coding Week next week! With technology becoming integrated into daily life, the demand for technology skills is more important than ever before. Coding is an excellent way for your child to develop their technology skills, boost their communication, creativity, and self-confidence. We thought it would be great to share exciting coding opportunities that you get your child involved in. Read on to find out more!

Make a game with Microsoft!
Microsoft is hosting a free, online workshop for young people aged 13 and up. In this workshop, your child will have the opportunity to design and code a game to play. The workshop will give your child the chance to practice designing and modifying games, learn fundamental and intermediate block-based coding skills and explore how to use the MakeCode Arcade platform. This event takes place on Wednesday 15th September, and you can join here

Learn more about coding!
Join the At_nology team for a free, online coding and information session! During this event, your child will get insight into the fundamentals of software development and get an idea of what working in a tech job is like. There will also be a Q&A session where your child will have the opportunity to ask coding questions that they would like. This event takes place on Tuesday 21st September and is open to young people aged 13 and up! You can register here.

Be part of Coding for Girls!
Girls into Coding is hosting a free, online workshop for girls aged 10-14. This event is aimed at inspiring and encouraging girls to get involved in the tech world and explore online coding activities! This is a fantastic opportunity for your child to learn how to code using Python, to get some more advanced, hands-on coding experience. This online workshop takes place on Sunday 5th September, and you can book your ticket here.

Applications for our online 1:1 Programmes are open!
We’re excited to let you know that applications are open for our 1:1 online Tutoring & Mentoring Programmes. Our scholars have been able to move up by 2-grade points within a year of being on one of our programmes eg. from a D-grade to a B-grade! The closing date for applications is Friday 17th September 2021. If you’d like to find out more or are interested in signing your child up for this term, book a call with the Scholar Success Team!

In the Know: Fun Activities to kick start the new academic year!

In the Know: Fun Activities to kick start the new academic year!

In The Know Parents What's new?

We hope that you’ll enjoy the last bit of the summer holidays! With the new academic year kicking off on Monday, we’re sharing some great opportunities to help your child get a headstart on the new academic year by inspiring their innovative minds. These opportunities can help you and your child build some new skills whilst having fun doing it. Read on to find out more!

Draw all things autumn with Emer O’Leary Studios!
With autumn almost here, let your child unlock their inner Picasso by joining a free online art class. In this class, your child will learn to draw everything in autumn, from falling leaves to a cup of hot cocoa. All they need are some markers, plain paper, and a willingness to learn. The class takes place on Tuesday 7th September and is open to young people of all ages. You can sign up here

Take a Virtual Tour!
Join the Thames festival on a journey along the early Georgian river from Westminster to the Tower of London. During this free virtual tour, your family will encounter wharves, warehouses, water closets, and even a lost palace or two. It’s perfect for the whole family to enjoy and takes place on Wednesday 15th September and you can book your ticket here

Get Creative with VRAcedmi!
If your child is between the ages of 13 – 18 and enjoys creating movies, then this free online course will be great for them. In this course, your child will learn to integrate art and technology to make movies, develop fundamentals of art and visual storytelling and build their knowledge of editing videos. The course takes place on Wednesday 8th September, and you can get your ticket here

 

In the Know: Back to School Activities

In the Know: Back to School Activities

In The Know Parents What's new?

We hope you had a great summer and are ready to take on the new academic year? This week we’re sharing three fun activities that’ll help your child gear up for the new school year. These activities will help boost their concentration, memory, and imagination and allow them to have fun while learning. Read on to find out more!

Explore Coding for Girls!
Girls into Coding is hosting a free online workshop for girls aged 10-14. There will be talks to inspire & encourage girls to get involved in tech and explore online coding activities. This is a fantastic opportunity to learn how to code with Python and to get some hands-on coding time from the comfort of your home. The workshop takes place on Sunday 5th September, and you can get your ticket here.

Be Creative!
Join Reading Friends as they host their free online arts and crafts workshop. You and your family have the opportunity to create any art or craft with the theme “Dreams” and bring it to the session to share how you made your art. If your family enjoys painting, card making, or origami, join this workshop on Tuesday 7th September. You can book here.

Join a Drama Class!
Drama Teacher Eve Baker will be hosting free online drama workshops for young people of all ages. Your child will have the opportunity to learn scriptwriting, improv, comedy, and more. These workshops will help build confidence, develop creativity, and help boost concentration, memory and imagination. The workshop will take place every Sunday from 19th September, and you can join here

Find out more about the online 1-to-1 Programmes!
We’re about to head into Term 1, and we’re excited to let you know that applications are now open for our 1-to-1 programmes. If you’d like to know more about the high-impact online tutoring and mentoring opportunities available for young people between the ages of 11 and 16 with GT Scholars, click here. 

In the Know: Fun Family Summer Activities!

In the Know: Fun Family Summer Activities!

In The Know Parents What's new?

The summer holidays are slowly drawing to a close with less than two weeks left until the new academic year kicks off. But there’s still some time to make the last two weeks of the school holiday memorable. In this week’s newsletter, we’re sharing three fun and interactive activities that will create the perfect opportunity to spend quality time with your family. Read on to find out more.

Explore more about the Sun!

Join Professor Robert Walsh from Lancashire University, as he explores how the sun produces its energy and what it is made of. There will also be an opportunity to comprehend its enormous size and scale, how you can safely observe its bright surface, and explore what it means to live close to a star. The webinar takes place on Tuesday 24th August and is free for the whole family to enjoy. To sign up, click here

Join a Draw Along!

Illustrator Laura Cuppage will be hosting a summer-inspired nature draw along. In this family session, you’ll be drawing summer blooms and fruits, and you’ll learn how to arrange your work into an attractive motif design. All you’ll need is paper, a pencil, a rubber and colouring pencils or pens. The free session takes place on Wednesday 25th August, and you can sign up here.

Get Creative with The Institute of Imagination!

In this free workshop, you and your family will take part in a creative session where you’ll build a microscope using a smartphone and microlenses from the comfort of your own home. You’ll then take a closer look at nature, and explore the amazing shapes, patterns, and colours you can see in the world around you. The workshop takes place on Monday 6th September. You can sign up here

Early Retirement: Teach Your Kids How

Early Retirement: Teach Your Kids How

Parents What's new?

We all dream about early retirement, but many of us don’t start planning for it until we are in our mid-30s or 40s. One of the reasons may be that our parents didn’t spend time teaching us to plan for our financial future. Another reason is that young people often put it off for later, thinking that they still have a lot of time. 

This gives them little time to plan for unexpected events that set them back financially when they do start planning. So early retirement is less achievable. Statistics show that 64% of adults living in the USA have no savings for their retirement. And 42% of people aged 18-29 have no retirement savings at all, along with 26% of Americans in the 30-44 age bracket. 

This tells us that many adults are holding off when it comes to planning for retirement. And before they know it, they’re facing retirement without enough money. That’s why we believe that it’s never too early to start planning for retirement. 

And that’s why we believe that it is our responsibility as parents to teach our children to plan for retirement from a young age! The great news is that it’s entirely possible by teaching them to use the power of compound interest, to invest in the financial markets and by helping them to build their financial literacy skills. By doing so, not only will your child know how to have enough money to retire, but they will also have the opportunity to retire early. 

In this article, we’ll be talking about the ways that parents can help their children to learn to invest from a young age. And, ultimately, plan for their retirement.

The Magic Of Compounding Interest

Did you know that you can start an investment account for your child from the time that they are born? And, you can start by investing in the financial markets for as little as £25 or $25 per month. This allows you to help your child build their wealth, and although you’ll be in control of their fund until they’re 18, you can still use it as an opportunity to teach your child about how it works.

These days, there are apps that you can use to help your child learn all about investing. What’s exciting is that if you can afford to put £200 every single month from your child’s birth, they’ll have £1 Million by the age of 40. 

Read: Want to find out how we calculated this? Read our article How to Raise a Millionaire: Financial literacy for kids

So what is compound interest? Simply put, it means adding the earned interest into your principal balance so that you earn interest on that. That’s what makes compounding interest so powerful, and why investing in the stock markets, and teaching your child how to invest, is the best way to help your child to plan for early retirement

Teaching Your Child To Manage Money

We can teach our children how to invest in their financial future but it is just as important that we teach them how to manage their money. What’s the point of making enough money to retire early and not knowing what to do with it? 

Teaching your child to manage their money well is called financial literacy. Here are some important skills that you can focus on passing on to your children.

Teach Your Child To Budget And Save

Children need to learn how to budget and the younger they start learning the better. While early retirement is great, they need to have a good idea of how to plan how they are going to spend their money. This is where budgeting is useful. Knowing how to budget their money will help them to make smart decisions.

Teach Your Child To Invest

We spoke about the power of investing when it comes to early retirement. But did you know that you can start teaching your child about the concept of investing from as early as the age of three! By starting early, your child can start learning to invest in the financial markets by the time they’re teenagers. This means they’ll have all the foundations they need to be successful investors as adults.  

Teach Your Child About Debt

Debt is something that can set your child back in their financial future. It will also make early retirement less achievable. Studies have shown that when children and teenagers learn about financial skills at home or school, their credit scores remain high and they are less likely to have bad debt. As parents, we can also teach our children about good debt.

Practical Ways to Develop Your Child’s Financial Literacy Skills

Okay, so we know what we need to focus on to help our children with their financial literacy skills. The question is how? We’ve got some practical tips for you and will discuss these here.

Get Them Into The Stock Market

There are many ways to become an investor, but we recommend that you teach your children about investing in stocks. This is a great way for them to invest in their financial future and plan for early retirement. Start with the basics using an app and then move on to teaching them about investing in actual stocks. Again, the earlier they learn, the more practice they’ll get and the better they’ll be at investing when they’re adults!

Let Them Work For Their Allowance

When it comes to handling money, practice is important. Teaching your children to work for their money is an invaluable lesson. It teaches them to appreciate their money and the value of working hard for it. It can be as simple as agreeing on an allowance for the chores they do each month. When they learn the value of money from a young age, they’ll be wiser with their finances as adults.

Encourage Your Child To Create Earning Opportunities

There are so many ways to encourage your child to earn money. As parents, we can teach our children to look out for opportunities where they can make money. This means teaching them to be young entrepreneurs. It could be something like walking the neighbour’s dogs or selling lemonade. The point is to teach them that there are always opportunities available for them to earn money. This is a lesson that will help them to learn about the value of money and could even help them work towards early retirement!

Speak Honestly About Money

For some parents, discussing money with their children feels uncomfortable. This is especially true when money was a sensitive topic growing up. The reality is that we need to be talking about money honestly with our children. The more they know about how we handle money, the more they’ll learn about how to manage their own. Children are capable of understanding more than we believe, and involving them in honest conversations can be a great way to build their confidence in their financial literacy skills. 

The Bottom Line

There’s no better time to start teaching your children about planning for their future than now. Learning how to manage money and invest in their early retirement is not something that can be taught overnight. It takes years of practice. In this article, we discussed the different ways that you, as parents, can help your children to build their financial literacy skills. 

If you want to know more, you can watch our webinar replay for free where Dr. Aderemi Banjoko talks about how to teach your children about wealth, finance and investing.

In the Know: Summer Work Opportunities

In the Know: Summer Work Opportunities

In The Know Parents What's new?

Summer is an exciting time to explore different career choices and possibilities. With so many career options available, making a career choice can often leave young people indecisive. Gaining work experience is a great way for your child to test if it’s something they could see themselves doing in the future. To support you in this journey, we’ve listed three amazing work experience opportunities that will allow your child to build new skills and set them in the right direction. 

Explore opportunities in construction!
Gardner & Theobold offers a great work experience opportunity for young people aged 16 and up that are considering a career in construction. These summer placements will give your child the chance to get involved with the work and projects of the Gardner & Theobold team, allowing your child to gain real-life work experience. Applications close Monday 16th August, and you can find out more here

Learn to apply your Technical Skills!
JP Morgan Chase offers young people the opportunity to explore life as software engineers and gain valuable technology skills. During the virtual experience, your child will familiarise themselves with JP Morgan Chase frameworks and apply their technical skills to hypothetical scenarios. This opportunity is ongoing and is open to young people 14 and up. You can sign up here

Be part of a Global Community and become a researcher!
YouGov is currently looking for young researchers aged 16 and above to be part of a global community. As a researcher, you will share your opinions on different industries by partaking in different online surveys. There are also points and rewards to collect. Survey links will be emailed by YouGov, and they can be completed at your convenience. It is free to apply, and applications close on Friday, 20th August. To sign up, click here

Special offer – How to Ace your Exams!
Our extremely popular How to Ace Your Exams course is now available online. This course is perfect for young people aged 11-18, who would like to achieve outstanding results in their tests and exams. In this course, your child will learn how to make use of some of the best study and revision techniques to get into the right mindset and set clear goals for each of their subjects. This special offer ends on Sunday 15th August, at midnight, and you can sign up for the course by using this link to your special offer!

Investing for Kids: How to Raise a Millionaire

Investing for Kids: How to Raise a Millionaire

Parents What's new?

“Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it.” –  Albert Einstein

As parents, we want our children to have a sound financial future. But this isn’t something that happens without intentionally working towards it. Many parents don’t know where to start and how to go about saving up for their child’s future. That’s why we’re writing this article about teaching your child investing!

One of the best ways to make sure your children are financially stable is to start an investment fund. By investing in the financial markets, your child could be financially set from a young age.

However, many parents either worry that starting an investment account for their children, or themselves, is too difficult – that they need to have expert knowledge. They also worry that it is too expensive to start investing.

This is not true and you can learn about investing, starting today. We’re going to talk about how much it costs to start an investment account and the benefits of doing so. So, if you’d like to learn more about investing and how you can raise a millionaire today, then continue reading!

Step 1: Teach Them About Investing

Did you know that you don’t need a lot of money to start investing in your child’s future and that you can start investing in the financial markets with as little as £25 or $25 per month? 

Also, if you invest £200 every single month, for 40 years, you could retire with £1 Million!

Perhaps you’re wondering how this is possible? Well here’s the Maths…

£200 per month x 10 years x 9.2% compound interest = £39,000

£200 per month x 40 years x 9.2% compound interest = £1 Million 

And if you’re wondering how to get a 9.2% interest rate, here’s another fact for you – the USA S&P has averaged an annual return of 9.2% since its inception in 1926. 

What’s even more interesting is that using a compound interest calculator, shows that you’d have only paid in £100,000 over the period of 40 years and you’d have earned over £900,000 in compound interest – It’s no wonder Einstein said that compound interest is the eighth wonder of the world!

So there you go! That’s the formula for raising a millionaire – It’s as simple as investing early and taking advantage of the power of compound interest!

Remember that investments are never guaranteed to go up so you must always educate yourself and do your research before you make any financial decisions. The course does not guarantee that your child will retire as a millionaire, BUT it can definitely help them with understanding how to make financial decisions from an early age! 

By teaching your children about financial literacy, you are ultimately contributing to their financial success!

Step 2: Open an Investment Account For Your child

Dr. Aderemi, one of our recent guest speakers for our webinar – How to Teach your Child about Wealth, Finance & Investing – and instructor for the Young Investor Course, talks about planting and nurturing your money tree. 

He is an avid private trader and investor in the financial markets with over 20 years of experience trading and investing in the global financial markets and is passionate about teaching financial literacy for kids. So, what does Dr. Aderemi mean by planting and nurturing a money tree? 

To grow a money tree you need seed money, water – which is the money you put into your investment on a regular basis – and time. The key to growing a healthy money tree is to consistently nurture it.

This means putting money into your child’s investment fund regularly and being mindful of what you take out in the long run. Remember that investing takes time and patience and the reward is not immediate but rather long term. It’s really important that we teach this to our children.

To keep your investments strong and healthy, you want to plant more money trees by reinvesting a percentage of the money you get out. And teaching your children to do the same when they’re older.

Step 3: Teach Your Child How To Spend

Remember, it’s not just about making money! What’s the point in having all of the money in the world but not knowing what to do with it? It is equally important that having money doesn’t impact our health or relationships in a negative way. 

That’s why being financial literate is just as important as knowing how to invest in the financial markets. What do we mean by financial literacy? As parents, we want our children to be financially literate, meaning, they know how to handle their money.

This is something that we need to teach them. We believe that apart from understanding how to budget, save and invest, the following are very important.

Knowledge is More Important Than Money When it Comes to Investing

Dr. Aderemi emphasizes that knowing how to spend and save your money is more important. Without knowledge – financial literacy – we would not be able to make our money last. That’s why we should be teaching our children about things like budgeting and ways to spend work. 

It ultimately comes down to knowing what to do with your earnings; what percentage to invest, spend and give.

Investing Doesn’t Mean Never Spending

Many people believe that it is bad to spend any of their money on things they like or enjoy doing. And that they should be putting all their spare money into savings or investments. 

This is not true, however. Life is also about compromising and enjoying the money that you worked hard for. The key is to teach our children how to spend in moderation, and always keep an amount of money to invest or save.

Giving is Also Important

We need to be teaching our children to use their money for good too. We can do this by teaching them to give a portion or percentage of their earnings to a charity each month. By teaching them to give too, you’re teaching them about generosity and humanity. 

It is an important lesson to teach when it comes to financial literacy.

The Bottom Line

And that’s it figured out – how to raise a millionaire! Anyone can do it, and it’s a lot easier than many parents believe. Even if you don’t know anything about investing, you can easily learn and become a successful investor in no time.

It will certainly be worth it and you can make a huge difference in your child’s financial future. If you’d like to learn more about why investing is so beneficial for your children’s future, read our blog 7 Reasons to Teach Your Child Investing!

Additionally, If you’d like to learn more about investing in the financial markets, you can watch our webinar replay for free on How to Teach your Child about Wealth, Finance & Investing. 

We hope that this article will set you on the path to learning and teaching your children all about investing and securing a legacy of wealth and wisdom for your family!

In the Know: Building Skills at Home

In the Know: Building Skills at Home

In The Know Parents What's new?

How are you doing? We’re so excited about this week’s newsletter because we’ve got great skill-building resources for your child to enjoy at home. And since the world is always changing, we believe that helping your child to foster and develop new skills in different areas gives them a great advantage! It’s also great fun. Read on to find out more!

Have fun learning all about coding with Microsoft MakeCode!

You might have heard of Minecraft before because it’s so popular. This game is great to help your child learn basic coding skills! MS MakeCode offers an amazing free Minecraft coding tutorial for all ages. It gives three coding options including box coding for beginners, and Python or Java coding for more challenging coding tasks. To start your tutorial click here.

Join in on innovating for the future with science

If your child is a science lover and enjoys exploring the natural world, then they’ll love these resources from Science Trek. There are so many topics to choose from, each offering free games, videos and more interactive activities. You can also join in the fun while helping your child explore the world of science! You can access all these free resources, here.

Explore 3D virtual and interactive tours

This free interactive tour will give your child the chance to travel virtually around the world exploring arts and culture. Through laser scanning technology and multimedia, the V21 Artspace gives you free access to experience real-time art, culture, museums, exhibitions and galleries all in 3D! This activity is great for the whole family! To start your virtual tour, click here.