Dilshad Billimoria’s children, 15-year-old Sheroy and 9-year-old Danesh, have learnt about dealing with money from their financial planner mom. “I would hear my mum speak on the phone about saving and investments and it slowly started registering,” said Sheroy. The Sheroy Corpus Fund came about as a result of this interest.
As parents, Dilshad and her husband Kaiwan were clear about the values they wanted to instil in the children. “We deliberately try not to give a large amount as monthly ‘pocket money’ to the kids. This helps reinforce the notion that money earned is more valuable and satisfying, and that actually earning money isn’t easy. Two, we talk in an age appropriate manner about the importance of budgeting and allocating parts of the corpus to ‘buckets’; for example, X amount for spending on toys, games, etc., some Y amount to be set aside for a rainy day, some Z amount to be invested,” said Dilshad.
