by BIS Correspondent
MUMBAI, SEP 12, 2016: Over 25 youth and staff participated in a workshop entitled "Golden Rules to Create Wealth", aimed at working youth who are learning computers and spoken English, at Don Bosco Development Society (DBDS) in Mumbai, on September 10.
DBDS organised the workshop which covered issues like, thumb rules on saving and investment, RBI and Banking, Ponzi Schemes, time value of money, interest rates, compounding, discounting, investing in small saving schemes to meet financial goals, life insurance, risk cover, health insurance and investment in insurance products.
Mahesh Kumar, a Senior Programme Manager at DBDS, made the workshop interactive and informed the youth about how inflation eats away the purchasing power of money and how inflation can be beaten to create wealth in long term.
A small and regular amount invested in a right instrument will create wealth for the investor. The workshop ended on a positive note where the participants invited the trainer to hold such sessions for their communities too.
Father Rolvin D'Mello, the Executive Director of DBDS, in his opening address encouraged the students to get into the habit of saving money. He also challenged the students to dream big and to achieve their dreams.