This website uses cookies to ensure you get the best experience. Cookies Policy.

Investing
18 Jun 2021 6 min read

The Power of Dad: Investing in Fatherhood

Investing

The Power of Dad: Investing in Fatherhood

Fri Jun 2021 6 min read
article-img

Fathers are significant influencers in the lives of their children; but our culture seems to place little value on the role of fathers. In LU Global, we strike to value and show a deep respect of our employees inside and outside and for the communities in which they live.

In honor of Father’s Day, we take this opportunity to find out how the fathers in LU Global – Shaun Lee, Head of Finance, Larry Ong, Institutional Sales Director, Edwin Cheng, Legal & Compliance Manager, and Deanson Yeo, Business Development Manager, balance their fatherhood and build healthy money habits in their children.

What is the best part of fatherhood?

Shaun: Feeling like Superman – I learnt that my kids, while still young, really do think of me as Superman. I’ll treasure this because they’ll soon realize I’m just a regular guy running around with a cape.

Larry: Watching how my son progress and grow.

Edwin: They make me feel like a kid again. Playing with them reminded me of the joy that simple games like catching or hide and seek can bring.

Deanson: It’s the unconditional love that children give – the random hugs, kisses and “I love you Daddy”. Also, watching them growing up (but not so fast please haha)

What changed for you when you become a father?

Shaun: Being “Superman” in their eyes as explained in (1), I learnt how much kids learn from everything we say or do, and how all this plays a big part in their upbringing.

Larry: Responsibility. It’s not about myself anymore. Everything I do I have to think/factor in any considerations for him.

Edwin: More family oriented and spend more time at home with the kids.

Deanson: Everything changed! My daughter has become the center of our lives

How do you juggle work and young kids at home during this Covid period? Any tips to share?

Shaun: Covid period or not, I’m very conscious to not release any work stress at home – to not to let my bad day at work be my family’s bad night at home. During this WFH period, I try to schedule my “in front of computer time” strictly, so I remain present to my kids once I’m off the computer.

Larry: It’s easy for me as my son, who is 13 years old now, will usually be in his room gaming!

Edwin: Allocate time for work, and time for kids. Knowing when to end your day or take a short break is good to manage and spend some time for the kids.

Deanson: I think it is definitely challenging for parents during this time to juggle work and young kids at home, thankfully my kid is still young and goes to preschool so I can still focus on working from home.

How are you and your kids planning to celebrate Fathers’ Day this year?

Shaun: With rides on my back around the house? Sounds like an awesome celebration for them indeed!

Larry: They will give me a surprise, boom!

Edwin: Probably just spend time playing together

Deanson: I think it has to be dinner at home (because of the current restrictions), but maybe we will go to the park or gardens as well. Definitely saving up and be thrifty.

What is the best money lesson your parents taught you?

Shaun: My parents had very basic knowledge on investing, so I was a late learner. I was taught to be frugal so that helped make sure I make wise choices when parting with money.

Larry: Savings! Only spend what is necessary.

Edwin: Refrain from Emotional Purchase

Deanson: Definitely saving up and be thrifty.

What money lessons do you teach your kids?

Shaun: So far, only the concept that money is a means of exchange to my elder 4 year old. Over the next 2 years, I hope to introduce the concept of earning, having a budget (I’m in finance after all!) and living below your means.

Larry: Same as above.

Edwin: Start young!

Deanson: Right now, we are teaching her the concept of money – how money works and how it’s used to making purchases. Hoping to introduce her to the piggy bank next and the concept of savings towards certain goals.

What do you hope your children think of you when they get older?

Shaun: As a tough dad but the person who’ll always there for them when they need it.

Larry: That I am a friend to him, not just a dad.

Edwin: Protective and supportive

Deanson: I hope that when my daughter is older, she will know that she can confide in me and talk to me on anything.

Latest Insights

Investing The Largest Wealth Transfer of all Time is Upon us

It’s time to prepare for the greatest wealth transfer in history. For ultra-high net worth families, the protection and preservation of wealth is a priority - here’s how family offices can help.

Investing Wealth Management in Southeast Asia – Winds of Change Continue

When it comes to wealth management, winds of change in client expectations, fintech breakthroughs and partnership models are upending Southeast Asia’s wealth-management industry. Find out how in this article.

Investing Catering to the next generation of wealth holders – LU’s perspective

The great wealth transfer has started. Wealth transfers are expected to reach USD 15.4 million by 2030 - the biggest in history - and the next generation has their own hopes and fears.

Investing The Largest Wealth Transfer of all Time is Upon us

It’s time to prepare for the greatest wealth transfer in history. For ultra-high net worth families, the protection and preservation of wealth is a priority - here’s how family offices can help.

Investing Wealth Management in Southeast Asia – Winds of Change Continue

When it comes to wealth management, winds of change in client expectations, fintech breakthroughs and partnership models are upending Southeast Asia’s wealth-management industry. Find out how in this article.

Investing The Largest Wealth Transfer of all Time is Upon us

It’s time to prepare for the greatest wealth transfer in history. For ultra-high net worth families, the protection and preservation of wealth is a priority - here’s how family offices can help.

Investing Wealth Management in Southeast Asia – Winds of Change Continue

When it comes to wealth management, winds of change in client expectations, fintech breakthroughs and partnership models are upending Southeast Asia’s wealth-management industry. Find out how in this article.

Explore More
Explore More