The boss of a city financial planning company has created his own fund to help educate others to manage their money.
Tony Byrne from Wealth & Tax Management has formed the Tony Byrne Financial Education Fund, planning to invest £50,000 in it.
Already £4,950 has been allocated to community projects, including £2,000 to MK Act to help domestic violence victims learn to stand on their own two feet.
Tony said: “I think giving people the knowledge and ability to plan their own finances is a much better than cash handouts. There’s an old Chinese proverb which says ‘You give a poor man a fish and you feed him for a day. You teach him to fish and you give him an occupation that will feed him for a lifetime.’ That’s the principle behind the fund.”
The fund, which is held and administered by Milton Keynes community Foundation, should create a lasting legacy in Mk, said Tony, who is passionate about financial education.
He said: “I know the importance of looking after finances from my own upbringing in working class East London. My own mother was exceptional at looking after the family’s money.
Wealth & Tax Managementy has also sponsored a young, locally based professional golfer, called Sam Buss. Last year that sponsorship amounted to £6,800.
The company, based at Furzton Lake, is this month celebrating getting a hat-trick of awards final appearances.
It has achieved success in three categories at the SME Buckinghamshire Business Awards and the team is looking forward to the gala final on Thursday, April 5.