I’m good friends with Warren Buffett,
He’s gonna teach me how to do my best, learn to invest
And have a lot of fun doin’ it…
Well, that’s how the jingle begins for the cartoon series called “Secret Millionaires Club” (SMC) where Warren Buffett (in his own voice) teaches kids the basic of good financial decision making and some of the basic lessons of starting a business.
While my 11-year old daughter loves the lessons Buffett teaches, my 4-year old son loves the jingle itself, and thus I have to often watch some videos from the series alongwith them. 🙂
“It’s not intended to teach kids how to read a balance sheet,” Buffett says about SMC. “It’s meant to provide a fun way for kids to understand business and develop good habits from an early age.”
SMC has lots of good lessons about money such as learning not to spend more than you have, and saving for the unexpected, and not borrowing money unless you have a plan to pay it back. The series shows the consequences that can happen if people don’t make wise decisions.
Some of the other lessons kids (and adults) can learn from this series include…
- The best investment you can make is an investment in yourself.
- The more you learn, the more you’ll earn.
- Find something you enjoy doing and you’ll never work a day in your life.
- Treat other people the way you would like to be treated.
- Never trade your reputation for anything.
Then, there’s the most important lesson Buffett doles out on making mistakes – “Learn from your mistakes. Better yet, learn from the mistakes of others.”
And finally, on failure – “Failing is not falling down…it’s staying down.”
You can watch all 26 episodes of the series here.
I find SMC a fun-filled and effective way to pass on critical lessons on money and business to my child. I am sure you will not find it any different.
I was not aware of the videos like this. Thanks for sharing it across.
My pleasure, Lakshmipathy.
Vow!!!
Thanks so much for sharing this Vishal!! 🙂
Its so nice of you to share so much knowledge and so many resources so selflessly!!
Keep it up!
Thanks Parvin!
Hey, this is cool. Thank you for sharing.
I will surely get my boys to look it up.
This sounds wonderful.
Thanks again, I just love your initiatives on selfless sharing.
May you receive more and more from the universe and we in turn from you.
I told my son. He is hooked already having watched some 4 or 5 consecutively and also making notes ! 🙂
This is great, Sudhir! 🙂
I wish more parents share these videos with their kids.
Thanks for sharing. I had read about this long back that Warren Buffet is coming up with this series for children but never realized that its already out until today. Our kids are too small today (1.5 yrs and 3.5 yrs), but will bookmark it for them for their future, meanwhile we can enjoy it.
Thanks,
Dinesh
Thank you Vishal for sharing this with us. Many parents and their children will benefit immensely from this.
Thanks Vishal for these helpful links.
I will have Haripriya watch these in another 3-4 years..she is too young right now..:-) It will be a good idea to file it in your resources link.
Vikas
Many Thanks Vishal ji for sharing such interesting stuff…..and animation makes learning more easy and would surely recommend this to kids….who come in touch with me.
Regards,
Kishor.
Hey Vishal…..
You are the coolest teacher ever!!
I remember last time when you shared the video on teaching Financial education to Kids by the Youtube Video named “One Idiot” which was so informational.
Ditto with this one…I was so excited that didn’t even wait to get home and saw the first one while still in office!! 😉
thanks a ton!
Hi Vishal,
Sincerely appreciate your efforts… Thank you, May your Karma Bank a/c Grow at a higher CAGR then your investments !!!
Hi Vishal, Happy New Year to you and Team.
A nice one. To benefit from the power of compounding one needs to start early. Bigger the gain earlier one starts… At my age of 35, though i know now many things… I lost the power of compounding for 10 years and regret that i should have known these all when I was starting my career. Good that you bring this awareness. By knowing all these details at Child hood days, one would be equipped to implement the same at a very early age. This is a real boon or gift that one can get in their life.
Very sadly, even at the age of 30 many fail to see this significance/importance and post pone these knowledge gaining for future.! Little does one realize they are trimming down their own future gains.
Do share more such posts for 2016.
Thanks, Venkatesh.
Hi vishal,
Thanks for reminding again a very interesting and knowledgeable.
I love Warren Buffett 🙂