“Sometimes parents wait until their kids are in their teens before they start talking about managing money — when they could be starting when their kids are in preschool” — Warren Buffett
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Warren Buffett is suggesting that parents should teach their children about managing money at a younger age, starting in preschool rather than waiting until their teens. He believes it’s better for kids to learn financial literacy and responsibility from an early age.
By starting these lessons when kids are young, it gives them more time to learn good money habits and make mistakes with smaller amounts before handling larger sums of money as teenagers. The quote encourages parents not to delay teaching children about earning, saving, and properly managing their finances.