To The Moon

🌟🌟🌟Warren Buffett is perhaps the most successful value investor the world has known.  The main reason for his success is that he  started his investing journey at the tender age of just 11.  That's the magic of compounding!  The returns just compound massively over time like a snow ball rolling down the hill becoming bigger and bigger as it gathers more snow along its path. 

Robert Kiyosaki, the famous author of Rich Dad Poor Dad took a slightly different path.  He believes in learning the technique of how to make money the smart way.  

 Both methods have their merits.  However I believe that Warren Buffett's method is slightly better.  

Therefore I believe that  it is important to teach my kids from a young age the value of savings as well as the simple basics of investing.  Take for example, a simple trip to the bank like DBS.  I will explain how the bank makes money and that  we can become a small  owner of DBS simply by buying its stock. 

Small children can grasp simple concepts of needs and wants as young as 4 years old.  My son once asked me to buy a toy car for him.  I asked him how would I pay for it.  He said that I would use my plastic card and tap it.    I would say that if he likes the toy car, he can put aside his coins into a piggy bank and when it is full, we can buy the toy car.  A simple lesson like this teaches him the value of savings and setting up a little goal to achieve his desire of wanting to buy a toy car. 

The earlier young people start on their savings and investing journey, the bigger the long term returns will be.  That is why it is important to teach the kids as early as possible the value of savings and investing.

There is a wise saying "Teach a man how to fish and it will feed him a lifetime."

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