Secret Millionaires Club

ASK WARREN

Warren Buffett Businessman

Warren Buffett is the world's most famous investor. He doesn't buy stocks to sell, he buys companies to keep. And now he's helping you learn to do the same.

Need some advice from Mr. Buffett? Fill out the "Ask a Question" form below.

Featured Question

I have twenty one dollar bills. My mom says she will give me one twenty dollar bill for the twenty one dollar bills. The thing is that I think I have more money then she is trying to give me since she is trying to give me one bill and I have twenty bills. Is she giving me the same amount? If so how? Leanne, age 8, Illinois: Warren 60x60
~ The 1 $20 dollar bill your mom is offering you is equal to the 20 $1 dollar bills that you have today. It is not different than being given a dime in exchange for 10 pennies. Your mom and dad will always be your best advisors, and they won't charge you a commission for changing money for you!

Other Questions- Click to see the answers.

Brooke, Age 9, NY
My mom works at a business with my grandma. Is it okay to work with family?
That is a personal question for each family to decide amongst themselves. Whether people are family or not, business relationships need to be clearly defined in terms of roles and expectations. The more clearly that is done, the less likelihood something will go wrong.
Urabia, Age 14, FL
Mr. Buffett, if I invest in a stock and the stock market crashes will I lose my money?
There is always a chance that one can lose their money with anything. History has shown, however, that those people who have bought solid companies, and held on to them through market ups and downs, have prospered. I always say, that when you buy a piece of a company, you should imagine that the stock market will be closed for 20 years so you won't get distracted by looking at the daily ups and downs.
Mariah, Age 11, CA
I started babysitting and I am really happy to get the money and put it in my saving's account but I want a raise. How should I ask?
Write down all of the reasons why you believe you deserve a raise. Some of the things which will be important to demonstrate are reliability, honesty, and dependability. You might also be able to demonstrate that other people in the neighborhood are being paid more than you for the same service. Then go visit your employer and present your case. The better prepared you are to present your position, the more likely you will be successful. Good luck!
Alex, Age 10, FL
Is it fun inventing something that inspires young kids?
This question reminds me of Thomas Edison who was a great inventor. He invented many things including the electric light bulb. Edison said, “I never did a days work in my life. It was all fun.” I feel the same way, so I guess my answer is “yes, with a big exclamation point!”
Lexi, Age 11, MI
How can I figure out what to be in life if there are so many choices?
Excellent question! My suggestion is to find something you enjoy. It doesn’t matter what it is. You can be a banker, a police officer, a doctor or a railroad engineer. Whatever you choose, if you enjoy what you do, you will never look at it as work!