A book for children that teach finance

1. Standing on the Shoulders of Giants
Inspired by Warren Buffett

2. When you earn money and save it, you need to choose people or banks you can trust with your money.
You need to learn who to trust with your money! This means that you are responsible for choosing your
advisors, banks, finance companies, stocks and investments. You cannot delegate that to anyone else.

3. If you could ask anyone in the world for advice about how to save your money and make it grow for you,
who would it be?

4. There is only one name on our list, Warren Buffett the Billionaire. He is a learning machine, who
loves reading.

5. Let’s look at Buffett’s thinking it is simple and ruled by habits.

6. Good habits are hard to get, but easy to live with. Bad habits are easy to get but hard to live with. Habits are
like a rope, we weave a strand each day until it becomes too strong to break. The strength of good habits
take us to the top. Bad habits drag us down.

7. Habit 1 Integrity
Be honest with yourself and others. Ask yourself what is the right thing to do? Judge every intended action
by this test; how would you feel if you were caught in the act by a smart, but unfriendly reporter and the
story appeared on the front page of your local newspaper?

8. “Keep your own internal scorecard” - Warren Buffett

9. Habit 2 Intelligence
Read everything you can with ferocious curiosity. Be a multi-disciplinary learning machine.

10. ”There is more treasure in books than in all the pirates loot on Treasure Island” - Walt Disney

11. Habit 3 Assiduity
It means sit down and do your homework! Commit yourself to your study with a passion and have lots of
fun doing it!

12. “Read everything you can.” - Warren Buffett

13. Habit 4 Frugality
Save at least 10% of everything you earn. Don’t borrow money, you’ll end up in debt.

14. A widow went to the local newspaper to place a death notice. She was told there was a dollar-a-word
charge, she requested “Fred Brown died.” She was then informed there was a seven-word minimum.
“Okay” the woman replied, “make it ‘Fred Brown died, golf clubs for sale’.”

15. Habit 5 Accounting
Make sure you understand the language of practical business life.

16. “In the business world, the rearview mirror is always clearer than the windshield.” - Warren Buffett

17. Habit 6 Read
You will be the same person in five years as you are today except for the people you meet and the books
you read.

18. By reading you will exercise your mind like walking does for your body

19. Habit 7 Gratitude
Team-work with people you like, trust and admire. Make sure you appreciate everything they do and you’ll
break-dance to school every day!

20. Gratitude is the best attitude.

21. Habit 8 Standing on the Shoulders of Giants
When you stand on a giants shoulders you can see further.

22. If I have seen a little further it is by standing on the shoulders of Giants.” - Isaac Newton

23. Habit 9 Think
For yourself. Don’t just follow the herd! Take care of the down side and the up side will take care of itself.

24. “A public-opinion poll is no substitute for thought.” - Warren Buffett

25. Habit 10 Focus
Stay on-track, concentrate; put all your eggs in one basket, and then watch that basket.

26. ”Then at dinner, Bill Gates Sr. posed the question to the table: What factor did people feel was
the most important in getting to where they’d gotten in life? And I said, “focus”.
And Bill said the same thing.” - Warren Buffett

27. Habit 11 Compound Interest
Let the most powerful force in the universe work for you. Understand the difference between 5% and 15%,
and the effect of inflation.

28. “Life is like a snowball. The important thing is finding wet snow and a really long hill.” - Warren Buffett

29. Habit 12 Inversion
Begin with the end in mind. The mental habit of thinking backwards works like magic. If you don’t, you’ll
never be a really good thinker.

30. “Be consistently not stupid, instead of trying to be very intelligent.” - Charlie Munger

31. Habit 13 Intuition
Listen to tiny hunches, feelings, or fleeting thoughts. They are like clouds in the sky but when you write them
down in a notebook and act on them. They will become your most powerful habit.

32. Follow your instincts. That’s where true wisdom manifests itself.” - Oprah Winfrey

33. “The Lollapalooza Effect”
Really big forces come to bear when you can apply all of the habits simultaneously, they combine on a break
point to create “The Lollapalooza Effect” this is something truly outstanding.

34. I met Warren Buffett at Piccolo Pete’s,
one of his favorite restaurants in Omaha.
When I approached his table I said to him:
“I’m Lucas Remmerswaal from New Zealand.
I’ve spent the last nine months creating
6 book for children about your habits.”
Buffett chuckled and said to me,
“I hope it’s not my bad habits………”

35. Good habits once established are just as hard
to break as bad habits! Start by reading the
“13 Habits that made me Billions”
today and simply remind yourself to read
every day. In just 21 days, reading
will become one of your good habits.
- Lucas Remmerswaal

36. M
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ABITS
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Look out for
our next book
in the series...