Neither a Borrower Nor a Lender Be, Dude
From Secret Millionaires Club · 2013
Summary
In this Secret Millionaires Club episode, borrowing money looks easy until the club discovers that debt has to be paid back — often with extra on top — so they weigh the real cost of a loan before taking one. A ~22-minute animated story that makes a financial-literacy idea easy to drop into a social studies or economics lesson — with investor Warren Buffett as the kids' mentor.
Viewer safety
Our rating is a quick teacher-to-teacher guide — preview before showing.
Teaching resources
Discussion questions
Discussion
Use these after watching to talk through the money-and-business idea in the episode.
- What does it mean to borrow money and pay it back with interest?
- Why can borrowing too much money become a problem?
- When might it be smarter to save up for something instead of borrowing?
Quick work-a-long
Money words: borrow, lend, debt, interest, repay.
Try it: Pick something that costs $20. Show how you could save for it, then explain why that beats borrowing the $20 and paying extra back.