QuestionerIn school, they don't teach you how to make and save money, not in high school or college. How would you propose to educate kids in this area?
WarrenWhat it takes really is, and you find it in some classrooms and you don't in others, but it takes teachers who can explain the subject. Charlie would say Ben Franklin was the best teacher of all in that respect, but it looks like you either got it from your parents an education on that, and parents can do more education. really in that respect, even the teachers. But it's, you know, I get a chance to talk to students from time to time. And, you know, one of the things I tell them is, you know, what a valuable asset they have themselves. I mean, you know, I would pay any bright student probably $50,000 for 10% of his future earnings the rest of his life. So he's a $500,000 asset just standing there. And what you do with that $500,000 asset in terms of developing your mind and your talents is hugely important. The best investment you can make at an early age is in yourself.
CharlieWell, I'd like to interject a word of caution. You sound like somebody who's likely to succeed at what you're trying to do, and that's not always a good idea. If all you succeed in doing in your life is to get early rich from passive holding of little bits of paper, And you get better and better, but only that for all your life, it's a failed life. Life is more than being shrewd at passive wealth accumulation.