Liz Koh: Billionaire tips for kids

By Liz Koh


Financial literacy for kids is something that Lucas Remmerswaal is passionate about.

New Zealander Remmerswaal has written a series of books for children based on the financial principles used by one of the United States' most successful investors, Warren Buffett.

Last year Buffett was ranked the third wealthiest person in the world with assets of about $47 billion, and this year Time magazine named him as one of the most influential people in the world.

Buffett is a self-made man who started accruing his fortune early in life through selling chewing gum, Coca-Cola and magazines door-to-door. He bought his first shares at age 11, and went on to invest in many businesses throughout his life.

He is now the primary shareholder, chairman and chief executive of Berkshire Hathaway, a multinational conglomerate holding company based in Omaha, Nebraska.

After seeing a large proportion of Kiwis lose their retirement savings during the global financial crisis, Remmerswaal decided to become a crusader for financial literacy in schools and to teach children the importance of being financially smart.

Over the past two years, he has developed three children's books that set out, with beautiful illustrations, the principles that made Buffett successful.

These books are The Tale of Tortoise Buffett, 13 Habits - Standing on the Shoulders of Giants and The A-Z of 13 Habits. A fourth book, 13 Habits That Made Me Billions is due out soon.

This year Lucas embarked on a bicycle trip across New Zealand, visiting schools along the way to spread his message.

Integrity, intelligence, frugality and gratitude are some of the 13 habits that Lucas says anyone can use to create extraordinary results.

Go to www.13habits.com for more information on Lucas and free downloads of his books.

- Hamilton News

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