Raising a mini mogul: How to make your child the next Warren Buffet | Gulf News

The power of compounding has turned Warren Buffet into one of the wealthiest people on Earth. He invested early, which allowed his investments to grow over time. If you're a parent who hasn't mastered the art of investing, how can you teach your children to become money multipliers?

According to Akshay Sardana, Director & Vice President at Continental, parents can’t effectively teach financial sense to their children without first modelling it themselves. Children tend to learn from what they see rather than what they are told.

“A 2003 study from Cambridge University revealed that a person's approach to money is shaped by the age of seven. Children are picking up on their parent's financial behaviours, including spending habits, decision-making, and budgeting. To foster a strong financial foundation, it's crucial to model good money management and involve children in discussions about financial goals,” Akshay Sardana shared with Gulf News.

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