The idea of saving and investing is often associated with individual efforts. However, there's a transformative power when families and friends join forces to navigate the journey of financial growth together. Let’s explore the myriad benefits of saving and investing as a collective.  

Leveraging Combined Resources: Pooling financial resources enables families and friends to leverage their combined assets and access more significant investment opportunities such as diversification, potentially yielding higher returns and mitigating risks.  

“If you want to go fast, go alone, if you want to go far, go together” - African Proverb 

Economic Empowerment: Whether it's saving for a home, or educational pursuits, investing for common goals empowers families and friends economically. As a group, you have the potential to access opportunities that might be challenging for individuals, such as real estate ventures, starting a small business, or participating in investment clubs.  

Moreover, investing together provides an excellent opportunity for mutual education. By researching and discussing investment strategies, family members and friends can learn from each other's insights, experiences, and even mistakes, fostering financial literacy and increasing profitability within the group. 

Mutual Support in Hard Times: Economic challenges can be easier to navigate when faced collectively. Having a shared financial safety net provides a buffer during tough times, reducing individual financial burdens and strengthening the emotional support within the group. Additionally, knowing that others are relying on the collective success of the group motivates individuals to stay committed to their financial plans, promoting discipline and long-term financial stability. 

Strengthening Relationships: Beyond financial gains, the process of saving and investing together strengthens relationships. Because collaborative saving and investing allow families and friends to align their financial aspirations, this fosters open communication, creates a sense of purpose and commitment, trust, and a shared sense of achievement, reinforcing the bonds between family members and friends. 

Building Generational Wealth: For families, joint saving and investing can be a powerful tool for building generational wealth. This approach allows for the creation of a financial legacy that can benefit not only the current generation but also those to come. 

‘Begin achieving your shared goals with the XENO Family Account’ 

We created a place where all kinds of groups, be it family or friends, can begin saving and investing for their shared goals. Your family account gives you; 

1. 24/7 Access to your group account via the XENO mobile app providing your friends or family the ability to contribute effortlessly from anywhere and at any time.  
2. The joint Dashboard gives all your members visibility into your group account and there is no limit to the number of members when the group needs to expand. The more, the merrier! 
3. Share profits equitably with the easy, breezy feature that automatically distributes your members’ returns. Managing your members' return on investment doesn’t get easier or more transparent than this.  

‘Forget the long queues at the bank and ditch the lengthy paperwork; you can open an account from the comfort of your home.’ 

Even better, we have streamlined the process of creating group accounts. Forget the long queues at the bank and ditch the lengthy paperwork; you can open an account from the comfort of your home.  

Follow these steps to get started:  

1. Visit join.myxeno.com  
2. Select Group Account 
3. Select the preferred family account type:  Pooled Account Funds are collected and deposited by one member admin. Linked Account Funds are invested per individual members in the group. 
4. Add Members and Signatories: Navigate to your dashboard and select the tab 'Manage Account' followed by 'Manage Members' and you can begin adding members to your group. Alternatively, if you have many members compile their details (full names and email) in an Excel sheet and send it to XENO. We'll handle the rest, ensuring smooth account setup. 
5. Email Invitations: Members will receive personalized links via email. Following these links, they can effortlessly complete their profiles with ease.
6. Profile Activation: Once the accounts are activated, members gain immediate access to their accounts.  

Embarking on the journey of saving and investing together as families and friends is not just a financial strategy; it's a shared adventure that can lead to prosperity, growth, and enduring connections. By combining resources, setting common goals, and supporting each other along the way, you can create a legacy of financial success that extends far beyond individual achievements.