What did billionaire Warren Buffett tell his daughter when she asked him for loan to remodel her kitchen? Go to the bank
Warren Buffet teaches daughter true value of money
According to a Benzinga report, a story around his documentary has been shared, where he was asked by his daughter for a whopping $41,000, so that she could remodel her kitchen. However, Buffet declined her request and requested that she go to the bank like everyone else, and take a loan, so that she could understand the lesson of financial responsibility.
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Buffet's daughter opens up about the interesting tale
This is somehow an unheard tale from a billionaire, as a term 'rich kids' is generally tagged out for the wards of parents who have such massive wealth. However, his daughter Susie, also revisited this interesting tale and admitted that she was a little taken aback at his refusal to give her the amount of money. She also said that her father's thriftiness was well-known to the world, and she has often feared that it is a possibility that she could be on the streets because of her father's decision to not part with his money.
According to Susie, growing up in the Buffet family meant having a very simple and economic lifestyle, with no room for extravagant spendings. She would often get allowances, which would end up getting spent on candies or magazines, but the option for extra allowance was not there.
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