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How, When, And Why To Talk To Your Kids About Your Money: Timeless Wisdom From Warren Buffett

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Forget E. F. Hutton; when Warren Buffett talks, people listen. And I don't feel like that's simply because he's the world's most famous investor, though he is. He's a person of wisdom. A wisdom that seems to have been applied not only in his investing, but also in his marriage, his parenting, and his own personal finances.
The article by Tim Maurer on Forbes, published on January 26, 2025, discusses Warren Buffett's timeless advice on discussing money with children. Buffett emphasizes the importance of teaching kids about financial responsibility, value, and the concept of money from a young age. He suggests that parents should talk openly about money, not as a taboo subject, but as a fundamental life skill. Key points include explaining the difference between needs and wants, the importance of saving, and the basics of investing. Buffett also highlights the need for parents to model good financial behavior, as children learn significantly from observing their parents. The article underscores that these conversations should evolve as children grow, adapting to their increasing understanding and involvement in financial decisions, ultimately preparing them for financial independence and wise money management.

Read the Full Forbes Article at:
[ https://www.forbes.com/sites/timmaurer/2025/01/26/how-when-and-why-to-talk-to-your-kids-about-your-money-timeless-wisdom-from-warren-buffett/ ]