Warren Buffet He is one of the most successful and recognized investors of recent times for the great fortune he has consolidated. The tycoon is usually a reference for investment, personal finance and betting on the New York Stock Exchange.
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Recently, the billionaire made reference to the importance of learning to manage personal finance and for this he gave some advice that parents should follow with their children.
Buffett believes that a common mistake is that parents are slow to start implement financial education.
“Parents sometimes wait until their kids are in their teens before they start talking about managing money, when they could start when their kids are in preschool.”, Said the CEO of Berkshire Hathaway in an interview with the American media Cnbc.
Based on a study from the University of Cambridge, Buffett believes that children have the ability to understand basic concepts such as money between three and four years of age.
It even states that at the age of seven children can already develop responsible financial behavior.
The investor also considers that it is important to take advantage of the three-year stage, which is when thel 80% brain growth of a person. “Most parents already know how important it is to teach their children about money and how to manage it properly, but there is a difference between knowing and acting,” he says.
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Buffett currently chairs the financial company Berkshire Hathawayfounded more than 60 years ago, and which today is one of the companies with the highest market value in the world.
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