>> Production funding and educational outreach for Biz Kids is provided by a coalition of America's credit unions, where people are worth more than money.

A complete list of individual credit union funders is available at wxxi.org.

>> Every day, America's credit unions help members with their financial needs and with programs like Invest in America.

It's only fitting that credit unions support Biz Kids because financial education is what we do.

Learn more at lovemycreditunion.org.

>> Listen.

>> A Biz Kid is smart about money.

We can make it grow, make it multiply, and make it last a long time.

( bell tolls ) But in order to do those things, you have to make some money first, see, because money doesn't just appear.

>> Oh, yeah?

Well, my metal detector just found some money.

Pow!

( buzzer ) >> You have to work to make some money.

But if you get money to work for you, then you're a... >> Biz Kid.

>> ♪ When making money is the aim ♪ These kids they bring their game ♪ They're the Biz Kids can you dig it ♪ They know what's up and let you know ♪ Just how to make that dough ♪ They're the Biz Kids right on ♪ So learn a little more about bringing money through the door ♪ They're the Biz Kids right on.

♪ >> Brought to you by Get a Job, the most reliable way to make money.

>> Get some money.

Get some money.

Get some money.

Get some money.

>> Money!

>> So how do you get money?

>> Well, there are a lot of cool ways out there that you can get money.

>> You could work for it.

( sighing sound effect ) >> Of course, that one is pretty obvious.

>> You could get it as a gift.

( oohing sound effect ) >> Now, gifts are cool and all, but I wouldn't count on them.

>> You could borrow it or maybe even get it in credit.

>> Just remember it's somebody else's money, and ultimately, you've got to repay it.

>> Hey, you could invest it.

>> Now, that could be a savings account that pays interest, a business, or you can invest in yourself and start your own business.

( crowd cheering ) >> But let me tell you the easiest way to get money.

( crowd clamoring ) >> What are you guys doing?

>> We heard you guys were talking about how to make money.

>> Well, the easiest way to get money is to go into the parking lot and wash all the cars.

>> Nice one.

But what are you going to do when they all come back asking for pay?

See you later.

>> Here now to review various ways to get money is the following important expert.

>> Well, first of all, I'd say you can earn it by working or investing.

You can start a business.

You can borrow it.

Or you could be lucky and inherit it.

Or you could do what these guys behind me did and take it out of my wallet when my back was turned.

Anybody wants to put it back, I'll be waiting.

>> One more.

One more.

( oohing sound effect ) >> Want some money?

( crowd clamoring ) Sure you do.

>> There are lots of ways to get money.

>> Get a job!

>> How many times have you heard that?

>> Probably the most reliable way to get money is by working at a job.

A job can be practically anything: mowing the lawn, walking a neighbor's dog, baby- sitting, even acting.

>> When you work, you know how much money you're going to make... >> Thank you.

>> From the work you do.

You know your hourly rate.

>> Work's great, but there's another way you can get money-- as a gift.

( bell ringing ) Who wants money?

Works every time.

>> My first job, um... >> I was a lifeguard and a swim instructor.

It was amazing.

>> I worked at McDonald's.

>> I used to fix vacuums.

>> I sold T-shirts for my parents.

>> My first job was doing children's theater.

>> I worked in a little tea shop.

>> Mucking stalls.

I was desperate to take riding lessons.

>> I plead the Fifth, for I might incriminate myself.

( laughter ) >> I delivered newspapers on Krypton.

>> You know, I used to pick blueberries.

>> Shoveling snow.

>> I was mowing lawns in the neighborhood.

>> When I was about 15, I got about five deutsche marks an hour.

I worked nine hours shoveling dirt.

>> Our first buck was actually a lemonade stand.

>> My first job was at a home daycare.

>> Actually, delivering newspapers.

I mean, that was kind of my first official job.

>> It was very exciting to get paid for something I really >> Look out!

>> Get some money.

>> Hi, I'm Grace Colbeck, and I am almost 13.

I'm in a business for dog walking, dog sitting, and baby- sitting.

One day I was sitting around thinking, "What's something I could do to make some money, since I'm not old enough to get an actual job?"

Most of the time, I would get my money from my parents, and I don't think they liked that too much, and they kept complaining about it.

So I was trying to think of a way so I could make some money and so I could buy some stuff on my own.

I decided to come up with an idea for passing out some flyers for baby-sitting.

And then me and my friends started to walk around the lake, and I noticed there were a lot of dogs.

So I decided that I was going to start to do dog walking and dog sitting as well.

This is my dog walking and dog sitting flyer.

I watch dogs around my neighborhood and take them for walks also.

I can just come over and play with the dogs if you don't have time during the day, or I can go over and I can take them on walks.

I see people with dogs or children, and I'll pass a little flyer out to them.

Hi.

We're doing some dog walking.

I have a lot of fun doing this.

I can be trusted with dogs.

They're fun, but sometimes, like, they poop, and you have to pick it up.

That's not too fun.

I have more plans and more business going on, but I get to make money that I can save up for, like, a lot of things that I want.

And think it's a little bit better that I'm busy now instead of just sitting around and watching TV and such.

So I like it.

It's fun.

>> Hey!

>> Get a job!

>> Get a job.

>> Get a job.

>> Seriously.

>> Get a job.

>> Get a job!

>> You need... you need to get a job.

>> So you want a job.

Here are six easy tips to go job hunting.

One is to look for job openings in the paper.

>> This one looks good.

>> Classified ads are a good way to start.

Some cities have job opportunities online.

>> You might also find a business with a "Help Wanted" sign up.

That's an invitation for you to go in and apply for a job.

Another job hunting strategy is to apply proactively.

>> Think of some places you like to go that other kids work at too, and then just go in and fill out an application.

Make sure you look neat when you go in and fill out the application neatly.

>> If the boss is impressed by your interest and motivation... >> I'm impressed with your interest and motivation.

>> ...you might get interviewed on the spot, and that's what you want.

Be prepared to give a few names and numbers of references that can recommend you for the job.

>> But don't stop there.

Call or go in a few days later and thank them for talking to you and ask if there's anything else they want from you.

Be persistent.

>> It might take a while, but don't give up, because pretty soon, you'll be saying, "Hello, paycheck."

>> Ah, yeah.

Finally finished all my classes.

I'm looking forward to kicking back.

( phone rings ) ( sighs ) Hello?

>> Good morning, James.

Your school year is over.

There is no more college until next fall.

You partied last night.

>> Yeah, I did.

>> But this is the first day of summer, and you need to secure funds to sustain your lifestyle.

>> Oh, right.

>> Your mission is go get a job.

>> Wait, what?

>> This phone will self-destruct in, I don't know, like, five, ten seconds-- maybe now.

I don't know.

I really didn't time it out that well, but... James is following a great tradition by applying for work at a legendary Seattle eatery.

Mm, good benefits.

Let's see how it goes.

Hm, good penmanship too.

See?

>> Okay, tell me about yourself.

What brought you to Dick's Drive In?

>> I decided to get my first job just because I haven't ever worked before and I know...

I have a couple friends who work here, and they say it's really fun.

>> How many hours are you looking for in a week?

>> About 20.

>> About 20.

So have you ever been up here when we have had 40 or 50 customers on the patio and it looks a little crazy in here, a little chaotic, and how do you think that you would handle that stress?

>> I've...

I think I hane stress pretty well.

Unlike most people, I don't really flip out about anything.

I think I tend to take a heavy work load seriously, and I understand that you guys are trying to get something done and serve a lot of customers, and I think that I'd be really valuable on the floor because I can keep a level head.

>> What we're looking for when applicants come in here are... we're looking for someone who took the time to look nice.

>> He took the time to look nice.

>> We're looking for somebody who's a little outgoing.

>> He's outgoing.

>> We're looking for someone who's willing to engage in conversation.

>> He's engaging.

>> Showing up on time is really important just because it shows that you are punctual.

>> He's punctual.

>> So I got a job.

I'm on time, I'm honest, and I work hard, and they pay me, decent pay.

That's it.

It's simple.

Would you like fries with that?

>> You need to get a job.

>> Persistence pays off.

>> Yep.

>> And who knows?

Maybe the place that you hang out now could become your job later.

>> Uh-huh.

>> So it's important to find jobs in your neighborhood so that when opportunity comes knocking on your door... ( knocking on door ) ...you'll be the first in line.

>> Exactly.

>> What are you doing?

>> Practicing hanging out.

>> Now, that's a Biz Kid.

>> Hey, Dillon.

>> Hey, Joe.

How are you doing?

>> Good.

How was school?

>> Pretty good.

Fun stuff.

>> How's your mom doing?

>> Pretty good.

>> All right.

I'm going to get my apron on.

>> All right.

>> Hi.

My name is Dillon.

I work at this cafe.

I'd been hanging out here three and a half years before I got a job.

In the past six months, I've earned about $3,000, and it feels pretty good to be so young and have a pretty good amount of money.

It was about in sixth grade when I'd come up here for sandwiches for lunch.

I started to become a regular and realized that I could come here and just hang out for the two hours that I needed to after school.

And Joe and I kind of got more familiar, and she became a good friend.

She noticed that sometimes I might get bored, and she asked me if I wanted to take the garbage out and just do fun stuff like that.

And so I'd take the garbage out.

I started taking the recycling out.

And finally, she let me set up a chair right behind the counter; I can sit there and observe everything the employees did.

>> He was coming here after school for about four years, and so he kind of just by observing, he knew more than the new employees.

So I would actually have him help me out and work with the new employees.

To this day, he helps me train.

>> She noticed that I knew the routines, and I knew the majority of the regular customers because they'd see me in here so much.

One day she just asked me if I wanted to work.

It wasn't... it was kind of informal.

I don't even remember the exact date.

>> I like having Dillon here because I think he knows how to handle his friends, and a lot of the customers that we have here are kids that are his age, and it's nice for them to have somebody to greet them on their level.

>> All right, Dillon, here's your paycheck.

Thanks for your help.

>> Thanks.

I'm going to deposit this on the way home.

>> All right, good for you.

>> Another way you can get money is by borrowing.

>> Borrowing, what I'm about to do from my fellow Biz Kid.

Hey, can I borrow a ten spot?

Pay you back mañana, promise.

>> Promise-- something that is often said without any intention of honoring.

>> Very funny.

>> Well, you didn't pay me back last time.

>> Did too.

>> Did not.

>> I did too.

>> Did not.

>> Did too.

>> Borrowing is another way of acquiring money, but it's only temporary.

Eventually, you're going to have to pay all that money back, plus a little bit extra.

That extra money is called interest.

>> All right, you can borrow ten dollars.

>> Thank you.

>> 20% interest.

>> My name is Zoe Seward, and I own this vending machine.

>> My name is J.P. Griffith, and I own my own business.

>> I was eight when I started Tuddles Vending.

>> I'm 13 years old, and I own that washer and that dryer by myself.

>> I paid for my vending machine with a three-year loan.

>> The way I paid for these washer and dryer, I took a loan from the bank.

>> Young Americans Bank is the world's only bank specifically designed for young people under We have savings accounts, checking accounts, loans.

They range from $50 up to $25,000 for some of our business loans.

>> The vending machine cost $995 exactly.

>> The dryer costed $500, and the washer costed, I think, about $700.

To get the loan, first I went in and told them what my plan was.

>> I had to write a business plan, and I also had to fill out an application.

>> A business plan is a document that the borrowers put together outlining what their business is and how they're planning on making money to pay back the loan that they're starting up.

>> I also had to put a collateral down.

>> I had a collateral.

Is that what it is?

What's that?

I had a collateral.

Oh, okay.

I thought we had a collateral.

So in order to get the loan, I had to have a collateral.

>> Collateral is a secondary source of repayment that is used in case the borrower is unable to make their payment, such as a car or inventory in their business, things like that.

>> I paid it off in about a year, and each month I just come here and pick up the quarters and count them, then go to the bank and deposit them.

>> It's fun to run my own business because it helps me learn what business is really like.

>> It's pretty cool having my own business.

I mean, I earn everything that I make, but I still have to pay my Dad, who owns this apartment, 13% for water.

>> It is hard running my own business when I have to fill out paperwork and things, but usually it runs fairly smoothly because I know what I'm doing.

>> I've learned that you have to work for money and that it doesn't just, like, come from trees or anything.

My name is J.P. Griffith.

>> My name is Zoe Seward.

>> And I'm a Biz Kid.

>> Hey, Dude, can I ask you a question?

Do you get an allowance?

>> Sometimes when I finish my chores.

Do you?

>> Well, yeah, but they're not really tied to any chores.

Usually I just get a couple bucks a week for being a part of the family.

>> You get paid for being part of your family?

>> Dude, being part of my family is hard.

>> Many kids get some kind of allowance, but every family does it differently.

No matter how your family does it, allowance is an opportunity.

>> An allowance helps you practice money management and good spending habits so that you can make the most out of a limited amount of money.

>> So do your parents make you do budgets or financial diaries with your allowance?

>> No, they don't have to.

I'm a Biz Kid.

>> So we've covered a few ways to get money.

Working at a job is the most obvious.

Borrowing money is another way, but you have to pay that back, remember.

Interest from a savings account-- now, that's an interesting way to get money, if you'll pardon the pun there.

You can invest in a business.

You can buy stocks and bonds.

And many kids get an allowance.

But me, personally, the way I like to get my money, I like to get it as a gift.

>> Another way of getting money is as a gift.

>> Gift-- money that is given to you, well, as a gift, free of charge, gratis, no strings attached.

>> You can also get money through an allowance.

>> Some kids get an allowance just for being kids.

Other kids get an allowance for doing chores or something.

You might say that they work for their money.

>> Hey, I'm working.

Easy.

>> Timber!

>> Where can I get a job like that?

>> In the wilds of the West, kids look forward to allowance day, when their weeks of hard work pays off with some money from Ma and Pa.

It's nice to be rewarded with a little money after tough days of getting up before dawn to milk the cows, chop the wood, weed the garden, bathe the goat, pull lice from... feed the chickens, shoe the horse, hatch down the tarpaper, feed the pig... >> Wait a minute.

An allowance is not just a salary for doing chores or something you just get automatically.

An allowance is a tool for me to learn how to manage my money.

I learn how to set priorities and spend wisely with my own money.

And anyway, cleaning the goat's teeth?

I am so sure.

>> Another way to make money?

Earning interest.

>> Interest-- something that is received when you let other people use your money for a little while, like if you put it into a savings account.

The money doesn't just sit there.

People use it, and then they pay you interest or money for using your money.

>> Careful with that stick.

You can also make money on investments.

>> On investment-- giving money and or time in order to get future financial returns or other benefits, like investing in stock or investing time into developing a new skill or creating a new business.

That's an investment.

>> Look, I'm telling you, careful with that stick.

>> It's not a stick.

It's a pointer, and I am trying >> I'm Tim.

Welcome to suburbia.

My name is Tim Olsen, I'm 18 years old, and I bought my first stock at the age eight.

It was PepsiCo, maker of Pepsi soft drinks, Frito-Lay snacks, and Tropicana orange juice.

I chose Pepsi because I knew the type of products they were making.

Basically, it was something I saw every day.

When I was 13 years old, I wrote a book called The Teenage Investor, and it got published by McGraw Hill.

I just wrote down my thoughts on investing and basic things that I knew and hopefully would create a guide that would benefit other kids, other people who are just starting out.

It was amazing, because I thought, "I'm only 13 years old; how can this happen?"

You don't really think a 13- year-old is going to have a book published.

>> Once he started doing things and got into the investment type of thing, I realized that my son would know more about money and investing than I would.

>> When you own stock in a company, you're basically owning a piece of that company.

If a company has a million shares outstanding, and you only own one share, you're not going to own that much of the company, but you still own a piece of it.

But before you go about investing in any type of stock, you're going to want to do some research on it.

I mean, you don't want to just put your money somewhere where it's just going to go... you want to go into businesses where you think you have a decent shot at making some long-term profits, and the way you do that is to research whatever companies you're looking at.

I definitely think it's important to have passion for anything you do, and investing is no different.

I love investing.

I go at it with my all.

I do my research, I buy my stocks, and I hold those stocks, and I keep adding to my positions.

One of the things I do that sort of motivates me is I look at other people who have been successful, and when I look at, you know, Forbes magazine, and I see the latest hedge fund manager or the latest private equity king making billions of dollars, you know, I want to be just like them.

But I want to do it my way and be successful in my own right, and I think I can do that in the future if I just keep doing what I did when I was eight years old.

It doesn't take too much to just put your mind to it and get it done.

Now that you've learned something, get out of here.

Go invest, Biz Kids.

Go invest.

>> A good way to get money is to invest in yourself, start a business.

And I'm not just talking about baby-sitting, car washing, or lemonade stands.

>> But those are all good ideas.

>> Yeah, but if you're going to do that, you need to stand out.

Don't just wash the car; detail it, make it shine.

Be the best baby-sitter.

And if you're selling lemonade, add an extra flavor or two.

>> Most of your businesses will come from referrals.

That's when you've already worked for somebody and they liked your work so much that they then recommend you to a friend.

>> But put some thought into it.

Did your parents buy some stuff to use around the house, but now it's just sitting in the garage collecting dust?

Maybe a pressure washer to clean off the sidewalk or some special pruning equipment to get those high branches.

>> Chances are other people in the neighborhood need to do the same thing but don't have the equipment.

>> And that's a business just waiting to happen, and you've got the tools.

>> Maybe you're a really good drawer.

You could make pictures of people's pets, and people love to look at their pets.

>> Hey, you don't even have to be good at drawing.

One kid in my neighborhood made money by stenciling address numbers on the curbs in front of houses.

He went all around the neighborhood.

>> And maybe you've got an amazing recipe for cupcakes.

>> Maybe you've got a paintball gun.

You could set up a shooting range, five shots a buck.

>> Then sell the target as a piece of modern art.

>> I think you get the idea.

There are an infinite number of ways to make money.

>> You know what you're good at.

Get organized, get the word out, get out there, and then you'll be a... >> Biz Kid!

>> Right on.

>> Hi, my name's Kelsey, and I have a sweet business.

I started selling chocolates at my parents' art gallery, which was a perfect little crowd.

People like art.

People like chocolate.

Chocolates can be considered art too.

People will pay a lot of money for it.

And that's when I decided that it's something I really like to do, and if I can make a profit at it, which is the next key in having a successful business, that's what I really wanted to do.

When I first started making chocolate, I did not know exactly what went into it.

I didn't know that there are different types of chocolate.

But now that I do and I've experimented long enough, I've come up with really good ways to make really good chocolate.

After the sale, I add up all the money, and then I'll subtract my costs for all of my ingredients from that, and I'll find out how much I made.

And now when I pay something like $39.99 for a ten-pound brick of really good chocolate, I know that I could charge however much more for the truffle and then get back a profit.

I divide the total income that I made by my hours, and I get how much I would have made an hour.

And sometimes it's really good to see, and sometimes it's, "Oh, that's minimum wage or below, but I had a lot of fun, so now I just know what to do different next time."

I would tell people who are just starting out in any business that they have if they're my age, around 16 or 17, is that they should be really prepared and do a lot of research on what they're getting ready to get into, because it's really cool to see actually making a profit.

Instead of just seeing things going back to pay for what you did, it's really great to get money out of what you do.

>> Inheritance is something you receive when someone passes away.

>> Passes away?

>> Kicks the bucket.

>> Kick the bucket?

>> Bought the farm.

>> Bought the farm?

>> Cashed in?

Anyway, you can also inherit a business or a profession or a trade.

>> You know what?

I still don't get what this has to do with kicking buckets.

>> Get this.

Up until about the middle of the 20th century, it was common for kids to inherit the careers of their parents.

And in the real olden days, people would often take their job as their name, which is how we got a lot of last names we use today.

>> Class, sit down, class.

>> Good day, Miss Baker, Miss Cook, Miss Taylor.

>> Oh, good morrow, Mr. Farmer.

How grows your crop this season?

>> Very well, thank you.

And I trust your own work keeps you busy.

>> Oh, yes, yes.

>> And what new news from town?

>> Well, there's lots of news.

Another store has been opened by Mr. Weird Junk Seller.

>> And just last week did I make another suit for Mr. Lawyer Shark.

That's the sixth one this year.

>> Found another cart crash to chase, eh?

( laughter ) And of course nothing's been heard from our mayor, Mr.

Sits and Does Nothing.

( laughter ) >> Of course, naturally.

>> And another family just moved in: Gerald and Edith Jones.

>> Indeed, Jones.

What exactly do they do?

>> Oh, well, nobody really knows, but I think that they're very fashionable.

We should all try to keep up with the Joneses.

>> Yes.

( laughter ) >> Get some money.

Get some money.

>> Why the long face?

>> I can't figure out how to get money.

>> Well, Gus, you could get a real job.

You can make money by investing or getting interest from a savings account.

You can get money as a gift.

But me, I plan on inheriting my money from that rich old billionaire I've married.

>> That's smart.

That's real smart.

I should marry a rich old billionaire.

So now you know.

There are a lot of ways you can get money.

>> Working, for one.

You can have a job and work for others, or you can start your own business and get money directly.

>> A lot of kids get an allowance, like if they work or they do chores.

Mostly, it's a way for kids to learn how to manage their money.

>> What's really cool is that money can even earn more money on its own by getting interest in savings accounts and investments.

>> Some people borrow.

They have money to use, but eventually they're going to have to pay all that back.

Where'd she go?

>> She said she was going to get some money.

>> What?

Going to get money?

>> Yeah.

She said she'd heard of lots of ways to get money from the show, and now she's all fired up to go get some for herself.

>> Hm, I need to get me a piece of that action.

>> You bet.

>> Yeah, I'm going to go get some money too.

See you.

>> What?

You're still here?

Well, did you learn anything?

Like how to get money!

Lots of ways.

Ah, you little wise guy.

Like what?

Allowance?

Interest from a bank account?

Borrow it?

Uh-huh, uh-huh.

Well, what about working?

Uh-huh.

Get a job.

You ever think of that one?

Yeah.

Well, you could get a job working for the man, or-- exactly-- you could start your own business, become an entrepreneur like me.

You can be an entrepreneur working for the man too.

Wait, wait.

>> Hey, do you know a successful business?

>> Maybe you're a Biz Kid.

Got some video?

We want to see it.

>> So check out bizkids.com to find out all the details, and maybe we'll see you on the show.

>> Yeah, like us.

>> What's so special about us?

>> We're on TV.

>> That does make us pretty special.

>> Yeah.

>> Just check out the Web site.

Because if you're a Biz Kid, we want to hear from you.

>> Production funding and educational outreach for Biz Kids is provided by a coalition of America's credit unions, where people are worth more than money.

A complete list of individual credit union funders is available at wxxi.org.

>> Every day, America's credit unions help members with their financial needs and with programs like Invest in America.

It's only fitting that credit unions support Biz Kids because financial education is what we do.

Learn more at lovemycreditunion.org.

Captioned by Media Access Group at WGBH access.wgbh.org