There are a number of educational programs out there, but there are not many programs that teach about Financial Literacy at an early age. Secret Millionaires Club can help kids develop the right habits that will serve them well for the rest of their life. If this program can have some effect on youngsters and help them develop better habits on money, it can have a major impact on their life when they are older.
Where did you learn about money?
My dad was my greatest inspiration. He was my hero when I was 6 and he is still my hero now. He is an inspiration to me in every way. What I learned at an early age from him was to have the right habits early. Savings was an important lesson he taught. I had all kinds of small businesses when I was growing up. When I was 6, I started my first business. I bought a six-pack of Coke for 25 cents and sold the cans for a nickel apiece. I also sold magazines and gum door to door.
(Read more: Warren Buffett's Secret Millionaires Club coming to TV)
What is the best lesson you've taught your own kids about money?
I taught all of my kids the lessons taught in Secret Millionaires Club. They are simple lessons that are meant for business and for life.
(Read more: Warren Buffett Watch: Keeping track of America's billionaire next door)
—By Warren Buffett
Warren Buffett is the chairman and CEO of Berkshire Hathaway. Follow him on Twitter
The Secret Millionaires Club is an animated TV series on the HUB cable network featuring Warren Buffett as a mentor to a group of students, whose adventures help them learn about good financial decision-making. (The episode that airs this Sun., Nov. 24 at 9am ET will feature Microsoft founder Bill Gates along with Warren Buffett.) SMC holds an annual "Grow Your Own Business Challenge" online for kids 7-14 to create a new business idea. Kids can still get their ideas in now atSMCKids.com — the competition ends on Jan. 31, 2014. Just in time for Christmas, SMC launched a Secret Millionaires Club game, called "Business in a Box," to help kids learn be entrepreneurial ($19.99 at Toys R Us).