Many ideas of Warren Buffet need to be taught not only in Busniness Schools but in Secondary School as well.
Children who learn the importance of creation of asset and pay for your luxuries from the cash flow generated from their assets never will be falling in debt traps.
Only few communities in India teaches their Children to invest early (such comminities actually make India progress). All other parents try to provide money, information, education etc (ofcourse such children are required, to be employees)
But for a progressive India, We need more people to follow Buffets path