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You are here: Home / Investing / Teach Your Kids About Money – Join Warren Buffett’s Secret Millionaires Club

Teach Your Kids About Money – Join Warren Buffett’s Secret Millionaires Club

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.

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Reader Interactions

Comments

  1. Lakshmipathy G. says

    February 28, 2014 at 12:51 pm

    I was not aware of the videos like this. Thanks for sharing it across.

    Reply
    • Vishal Khandelwal says

      February 28, 2014 at 1:44 pm

      My pleasure, Lakshmipathy.

      Reply
  2. Parvin Worliwalla says

    February 28, 2014 at 1:37 pm

    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!

    Reply
    • Vishal Khandelwal says

      February 28, 2014 at 1:44 pm

      Thanks Parvin!

      Reply
  3. sudhir says

    February 28, 2014 at 2:28 pm

    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.

    Reply
    • sudhir says

      February 28, 2014 at 9:30 pm

      I told my son. He is hooked already having watched some 4 or 5 consecutively and also making notes ! 🙂

      Reply
      • Vishal Khandelwal says

        March 3, 2014 at 8:46 am

        This is great, Sudhir! 🙂

        I wish more parents share these videos with their kids.

        Reply
  4. Dinesh Agrawal says

    February 28, 2014 at 9:04 pm

    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

    Reply
  5. Nelson Christian says

    March 3, 2014 at 2:22 am

    Thank you Vishal for sharing this with us. Many parents and their children will benefit immensely from this.

    Reply
  6. Vikas Rana says

    March 3, 2014 at 10:27 am

    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

    Reply
  7. kishor says

    March 3, 2014 at 1:30 pm

    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.

    Reply
  8. Mayank says

    March 3, 2014 at 2:21 pm

    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!

    Reply
  9. Nihar says

    March 6, 2014 at 2:55 pm

    Hi Vishal,
    Sincerely appreciate your efforts… Thank you, May your Karma Bank a/c Grow at a higher CAGR then your investments !!!

    Reply
  10. Venkatesh says

    January 6, 2016 at 11:20 am

    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.

    Reply
  11. Rajan says

    January 6, 2016 at 2:19 pm

    Hi vishal,

    Thanks for reminding again a very interesting and knowledgeable.

    Reply
  12. Ankur Agrawal says

    December 20, 2016 at 5:00 pm

    I love Warren Buffett 🙂

    Reply

Trackbacks

  1. 10 Big Ideas from Warren Buffett’s 2014 Letter | Safal Niveshak says:
    March 6, 2014 at 8:58 am

    […] Join Warren Buffett’s Secret Millionaires Club […]

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  2. How to Succeed in Life, the Warren Buffett Way | Safal Niveshak says:
    March 27, 2015 at 5:55 am

    […] Appearing in an interview in July 2009 to talk about the online animated series called the Secret Millionaire’s Club in which he teaches kids about finance and investing, Buffett was asked, “What’s your hope that […]

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  3. How to Teach Kids the Value of Money - Safal Niveshak says:
    October 10, 2017 at 1:43 pm

    […] Watch with your kids the cartoon series titled Secret Millionaires Club where Warren Buffett (in his own voice) teaches kids the basic of good financial decision making […]

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