City thinking, local knowledge

Warren Buffett runs a website… for your kids!

By Dina Patel

As one of the most successful investors of all time and currently the third richest person in the world with a net worth of over $88 billion, it’s likely that you’ll know Warren Buffett’s name. You might even have visited his website at WarrenBuffett.com, perhaps giving particular attention to the page entitled ‘Warren’s 10 Ways To Get Rich’. What you might not know, however, is that Buffett has another website – one which is aimed not at you, but at your children and grandchildren.

The site, ‘Warren Buffett’s Secret Millionaires Club’, is based around an animated television series of the same name which ran in the US from 2011 to 2014. In the series, Buffett acted as a wise mentor to a group of four children, helping them make positive decisions about earning and investing money. Whilst the series has now finished and has never aired outside America, the site gives you access to twenty-six ‘webisodes’, all no more than five minutes long, giving your youngster the chance to get to know the characters whilst picking up some child-friendly financial advice.

The ‘Games’ section of the site is one your kids are likely to enjoy whilst also helping them hone some valuable numeracy and business skills. ‘Number Blaster’ and ‘Counting Money’ will help your child work on their addition and subtraction, whilst ‘What Do You Know About Business?’ and ‘Business-Building Brainstorm’ aim to give a basic grounding in what a business is and how someone might go about successfully setting one up.

Another page you might want to look at with your youngster is ‘Ask Warren Buffett’s Secret Millionaires Club’, which gives them the opportunity to submit a question to one of the four characters mentored by Buffett in the series in order to get some advice. Even if your child doesn’t have a question they want to ask, the page offers plenty of questions from other kids and the answers provided. Currently there are questions answered about how to start investing in the stock market, how to start up a fashion business, and why it’s a good idea to save money.

Hopefully, you’ll find something on Buffett’s site for your children or grandchildren to explore, on their own or with you. Whilst there’s no guarantee that visiting the site will be the first step to your child becoming a millionaire in the future, starting their financial education early in a way that makes it fun is always a good idea. Warren Buffett’s Secret Millionaires Club can be found at www.smckids.com.

Latest News

The Financial Independence Retire Early (FIRE) Movement: A UK Guide

The Financial Independence Retire Early (FIRE) movement is capturing the imaginations of savers and investors across the UK. It promises a life where work is optional and financial freedom is…

How Will New-Found British Financial Confidence Affect the Economy?

After a few tumultuous years marked by the Covid-19 pandemic, political upheavals, and economic volatility, there’s a glimmer of hope on the financial front for many in the…

How to Tackle Your Debt: Snowball vs Avalanche

Whether it’s credit cards, student loans, or personal loans, finding the most effective way to become debt-free is a crucial step for your financial well-being. Enter the snowball and avalanche…