Do you have a child that is sparking with new ideas? Are you hearing “Hey, you know what we should do?” If so, get your child involved in the national online competition, the Warren Buffett Secret Millionaires Club – “Grow Your Own Business Challenge”!
The third year of competition is underway for the Warren Buffett Secret Millionaires Club “Grow Your Own Business Challenge.” This national online competition, open to kids 7-14, invites our future leaders to create a new business idea. The competition, sponsored by the Fairholme Foundation to further its mission of improving financial education, launched October 22, 2013 and ends soon on January 31, 2014.
The Secret Millionaires Club is an animated TV series created by A2 Entertainment and airs on the Hub Network, a destination for kids and their families, featuring the voice of Warren Buffett as a mentor to a group of kids as they learn important financial and entrepreneurial lessons.
In May 2014, five individuals and three team finalists in the competition will be flown to Omaha, NE to present their winning ideas to Mr. Buffett and a panel of VIP judges. One Grand Prize individual and members of one Grand Prize team will each be awarded $5,000. The finalists will be invited to nominate a teacher who was most inspirational in the process to join them in Omaha and win up to $1,000. For full rules and to enter please visit www.SMCkids.com
. A new addition to the final event this year is the University of Miami’s Launch Pad Entrepreneur Team. The team will host a workshop at the event to offer advice and guidance to the finalists.
Last year, almost 4,000 kids from across the country entered the “Grow Your Own Business Challenge.” Last year’s winners were Matthew Myer from Cincinnati, OH and Team Kidtrepreneur (Kennedy Sabharwal, Sawyer Beeler and Spencer Sabharwal) from Lexington, KY. Their ideas stood out because of their creativity, entrepreneurship and inventiveness.
“I am proud of the difference that Secret Millionaires Club is making in the lives of today’s youth,” says Warren Buffett, CEO Berkshire Hathaway. “The skill set that all of the children who enter the competition are learning is something that they will have and build on for the rest of their lives.”
“The Fairholme Foundation is passionate about helping young adults succeed,” says Bruce Berkowitz, trustee of the Fairholme Foundation. “This program is a great way for us to provide guidance and information to bright and ambitious students to help them on the path to success.”
The Secret Millionaires Club Learn & Earn promotion offers an educational website and on-line materials for educators, parents and volunteers to extend the valuable lessons from Mr. Buffett into the classroom, home and afterschool programs. Girls, Inc., Junior Achievement and 4H are all participating in the program this year.
The “Grow Your Own Business Challenge” is a part of the Secret Millionaires Club Learn and Earn financial literacy promotion, which is sponsored exclusively by the Fairholme Foundation and reaches over 100,000 classrooms and youth organizations with free tools and lessons for teaching good financial habits to youth.
In October, the Secret Millionaires Club is also launching the SMC Business in a Box, Secret Millionaires Club DVD Volume 2 and a new book, Secret Millionaires Club: Warren Buffett’s 26 Secrets to Success in the Business of Life, written by Andy and Amy Heyward.
About Fairholme Foundation
The Fairholme Foundation invests in under-valued paths to improving education. Our key: Ignore the crowd by circumventing long-standing roadblocks to progress. The Foundation is a 501(c)3 organization solely funded by Fairholme Capital Management and its affiliates.
About By Kids For Kids
By Kids for Kids® (BKFK®) is a platform that empowers youth invention, innovation and entrepreneurship. BKFK promotes youth social innovation and partners with leading corporations to inspire product development, crucial technology skills, invention, and innovation in young people from 8 to 22. BKFK provides a unique platform for young people to develop, showcase, and commercialize their products, inventions and entrepreneurship. BKFK’s “cycle of innovation” develops critical 21st Century skills in our nation’s youth. The company provides educational resources — curriculum and challenges that promote social change, product development and entrepreneurial endeavors. Learn more: www.bkfk.com
(*Disclosure: This information is shared by permission.)