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Thursday, March 28, 2013

FORBES: Warren Buffett On Teaching Kids Smart Investing, With Cartoons




Image courtesy of Gaiam Vivendi Entertainment
Warren Buffett is a very busy businessman. He is in fact, currently the third richest person in the world, knocking off Zara billionaireAmancio Ortega from the number three spot on the Forbes Billionaire list. As of the end of the trading day on Monday, Warren Buffett had a net worth of $54.9 billion. So, with his business responsibilities as chairman and chief executive officer of Berkshire Hathaway Inc., his philanthropic activities and seemingly endless business deals lately, one would think “the father of value investing” would neverfind the time to teach young people how to handle money. But he has. And not only that, he has found a way to immortalize the teaching of his financial strategies. Partnering with Gaiam Vivendi Entertainment and A Squared Entertainment, Warren Buffett has become his own animated star character, whose world-recognizable image and cautionary, sage voice of finance is now captured on the screen in a new animated series, Secret Millionaires Club Volume One, offering tips to kids on making investing an enjoyable activity. Kids will learn practical and valuable lessons about money management and can easily relate to the easy-going and fun, animated series.
The new series, Secret Millionaires Club Volume One, debuted on DVD March 19. The storyline is about four friends, Radley, Elena, Jones and Lisa. They find out that their school has lost its funding for music, field trips and some of their other favorite activities. So they need financial advice. Who else would they turn to for business and financial advice? They promptly turn to Warren Buffett, who lends his substantial financial acumen for their guidance. With Mr. Buffett as a business mentor, the kids learn to apply basic knowledge from the world of business to everyday adventures, and learn through hard work that in the end, the best investment they can make is in themselves.


Mr. Buffett was kind enough to take a few moments away from his hectic schedule and share some thoughts via email with me about teaching kids about investing. How do we approach teaching kids about smart money handling, investments and how can we make it fun in the process? Can you really make a game out of teaching kids about investing?
Venables: At what age should we speak with our kids about being smart with money and investing?
Buffett: It’s never too early to help kids understand about money. Whether it’s understanding the cost of the new toy they want, or the value of saving money. Kids are exposed to money matters from a very young age, so why not help them understand it and develop healthy habits early on?

Image courtesy of Gaiam Vivendi Entertainment
Venables: Shouldn’t we be teaching “money matters” as a course in high schools around the nation, as using money wisely affects the future of all children?!
Buffett: The lessons of Secret Millionaire Club are ones that can help anyone at any age. Things like: “The best investment you can make is an investment in yourself.” “The more you learn, the more you’ll earn.” “Find something you like to do, and you’ll never work a day in your life.” “Great partnerships will make any job easier.”
Venables: What is your favorite game or activity that kids can do to learn about making smart investment decisions?
Buffett: We had a lot of fun creating this series. But it has been even more fun watching kids interact with and learn from the series. Every year we do a contest called the “Learn and Earn” competition. Thousands of kids from across the country use what they’ve learned from Secret Millionaire Club to develop their own business ideas. The finalists come to see me in Omaha and present their business plans, and it’s pretty amazing what these kids come up with. It not only shows that kids understand money matters at a young age, but they have some pretty terrific business ideas of their own!

Image courtesy of Gaiam Vivendi Entertainment
The new animated series Secret Millionaires Club Volume One, debuted on DVD March 19. Watch it with your kids and you might even learn something. As Warren Buffett always says, “The more you learn, the more you’ll earn!”
How do you teach your kids about money and investing? When should we start teaching financial advice to children? Share your thoughts in the comments.

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1 comment:

PENNY STOCK INVESTMENTS said...

Its hard to teach children about wise finance whan the parents are unwise about it.