>> 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.

>> Hey, dude.

What you doing?

>> It's my financial future.

It's kind of scary, isn't it?

>> Yeah, I can see that.

But you know, your financial future doesn't have to be so scary.

>> Tell that to it!

Get back!

>> Amanda, it doesn't take much, all right?

Just a little bit of organizing and some work, and soon you're in charge of your financial future.

>> You think I can do that?

>> Yeah.

You're a Biz Kid, aren't you?

>> I'm 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 plans.

Make them, then make them work for you.

>> Your best chance of being financially successful begins with setting financial goals.

>> This is the match for the German championship between the Durmersheim Comets and the Kreutzal Kindelbergs.

>> Sounds easy enough.

You set your goal and then plan on how you're going to score, although sometimes it might take awhile or things might not go as you planned.

>> Here's Europe's newest sports sensation, motor soccer, the closest approach yet to mechanized mayhem.

>> See, a lot of goals have risks or costs.

Will the opposing team shoot?

Will they pass?

Or will they steal?

You have to look at your money the same way.

You have to prioritize your spending.

>> And sometimes reaching your goal means taking small steps over a long period of time, like baby steps.

>> There's plenty of action with the teams tied at one all most of the way through the match, until the Comets rally for the decisive score.

>> But if you stick to the plan, then you can reach your goal!

>> Goal!

>> A sensational finish to a thrilling and slightly deafening event.

>> My name is Christian Wright.

I have a jewelry business, and I'm a Biz Kid.

I love dirt biking.

It's one of my passions.

My short-term goal was to buy a new motorcycle.

I knew I had to make $220 a month for 12 months to reach my goal of $2,600.

My business is called Art By Christian.

It's a jewelry business.

To make jewelry, first I have to have a product, and then I need the tools.

Usually I go on the Internet and get it off of Rio Grande.

And a week later, I get them right here.

Once I get my supplies in the mail, I set out what I need: pins, my tools, and my beads.

I take my headpin and put the beads on.

Then I wrap it, cut it, and I have my earring.

>> Does the bearded dragon help you?

>> No.

I was selected one out of five people in the nation to go and be in the Junior Achievement Hall of Fame.

Junior Achievement has really helped me a lot.

They've taught me the ways of marketing.

Everything I make is sterling silver... >> Uh-huh.

>> ...and how to start a business and run a business.

Delayed gratification was very important to me, because I knew if I took the time and made jewelry, that I could have enough money to buy a newer bike.

And now I have my bike.

And someday I'll have a house and a mortgage.

As a way of getting more business, I asked a local pizza parlor if I could do a little jewelry show in the corner.

>> Sure, Christian, come on in.

>> That'll be $25.

>> I buy all of my jewelry from Christian.

>> I buy all my jewelry from Christian.

>> I buy all my jewelry from Christian.

>> My friends used to make fun of me for making jewelry.

>> He's such a loser.

I mean, come on!

>> Guys aren't supposed to make jewelry; girls are.

>> Till they figured out how much I make.

>> Nice bike, Christian.

>> Dude.

>> Whoa!

>> Now my friends, they want to make jewelry too.

>> Show me how to make jewelry, man.

>> I need some more money, dude.

Show me how to do this.

>> Show me how to do this.

I really need to know.

>> It's The Piggy Bank Show!

>> Hey, Pa.

I caught my thumb twice today.

How was your trip to town?

>> Oh, it was great.

I got everything we need.

I got the beans, got the bacon, got some nails and some seed potatoes.

>> Great, Pa. We've needed... >> And I got some roofing shingles.

>> Fantastic, Pa. We... >> Got some chicken feed.

Socks for all of us.

And I got some Venetian drapes with the gold lamé trim on the valance.

>> What?

>> And I got a dental set for the goat.

And I got a pillow top mattress and a walnut top credenza, espresso maker, dinner silverware, got a few little bonsai plants, bling for your ma.

Ooh, I got our carriage pimped out.

>> Pa, what is all this stuff for?

>> Well, your ma and I are thinking of doing the house up in a sort of a neoclassical decorative motif.

>> Pa, you went to town, a five- hour ride, to get some food basics and essentials for the farm, and you came back with all this?

>> What?

You don't like neoclassical?

>> This plant... is a necessity to do it to be competitive in today's indust... >> Now back to the program.

>> Okay, so we're talking about financial goals and planning.

>> Right!

>> And one way to plan is to use the smart approach.

>> Well, of course you'd use the smart approach.

>> No, no, I'm talking about the S.M.A.R.T.

approach.

First "S": Specific.

>> You mean like a specific goal?

>> Exactly.

What do you want?

Is it a laptop, a bike, a hamster?

Know what you want, where to get it, and when you need it.

>> Right!

>> Now, "M" is measurable.

How much do you make in a regular interval, like a weekly allowance or a monthly paycheck?

>> So you can measure your progress.

Okay, I'm catching on now.

>> Good.

So "A" is achievable.

Make sure your goal is actually something you can achieve.

>> So like saying you're going to make a million dollars by Friday-- not achievable.

>> Yeah.

And "R" is realistic or relevant.

Is your goal actually relevant?

>> It could mean you must review or revise your plan.

>> Good.

And finally "T": timely.

Don't say you'll do it someday.

Put a date to it.

>> Right!

>> So like, I have a goal to make a million dollars.

If I put away six bucks per day with 5% compound interest, I'll have a million dollars by the time I retire.

>> Wow, that's really smart.

>> S.M.A.R.T.-- smart.

>> Right!

>> S.M.A.R.T.

>> I spelled it right!

>> Smart!

>> My name is Andrea Roldan.

Behind me on the wall I have a picture of a building that I drew in graphic arts class, and it says "Drea Inc." on the side.

Drea Inc. will be a production company that mainly produces literature, film, and music.

It's a goal of mine to have a production company when I grow up.

So it keeps me focused.

If I know what my goals are, I can stay on track and work toward them.

When I tell people my story, people tell me like, "Wow, you're amazing; you've been through so much, and you continue to stay positive."

I came to live with my mom when I was about 13, and we were homeless.

We were living in motels and shelters, and we ended up in transitional housing.

Our case manager referred me to Youth Care's Barista Education and Training Program.

I was 15 at the time, and I was really eager to work.

We learn customer service.

We learn cash handling, register.

After I graduated the program, things at my house and my family were really starting to get unsafe and unstable.

And I was working still at the time and going to school.

I really didn't feel comfortable there.

I moved out.

Life on the streets isn't fun.

You have to take care... you have to make sure you're safe.

When you're trying to go to school and if you're trying to go to work, all it does is make it that much harder.

>> Andrea is just an outstanding youth in that she's overcome so many leaps and bounds and is very independent in getting herself involved in the youth care services.

>> When I first started the Barista Training Education Program, I... a part of the program was opening a savings account, and they gave you a stipend for it.

So I did that when I was 15.

I opened a savings account.

I lived on $35 checks and stipends.

And I pretty much lived on that for a long time, until I got into housing, and then Youth Care's Pathways Transitional Housing Program helped me get ready and prepared me for a job.

>> They don't have somebody to teach them how to balance a checkbook.

They don't have somebody to tell them that they have to pay their credit card bill or their phone bill on time.

And so that's really when they come into Youth Care, and we give them those life skills, classes, through housing and case management services, to help put them on the right track to financial literacy.

>> Three years later, I have two jobs, and I'm taking charge of my financial future.

And now I go to college.

Now that I'm able to, I can pay rent and start organizing my bills and finances more responsibly.

I think my future looks really bright.

I'm looking forward to it.

>> Captain's log, star date lunchtime.

>> Cap'n, the dilithium crystals, they're almost gone, sir.

We cannot get to warp speed without at least a pound of 'em.

>> Stock, how can we get more dilithium?

>> Captain, currently starship- grade dilithium is almost $6,000 per pound, slightly less than a gallon of gas.

>> We need a plan to save that much money, sir.

>> Stock, where can we spend less?

>> Captain, most of our expenses are the result of your insistence that we stop at Burger Galaxy at least three times a week.

>> But I love their Black Hole Burger Meal.

>> Mm, and the Saturn onion rings.

>> Captain, we also subscribe to all Star Fleet channels rather than regular cable.

>> It appears that we have some expenditures to take care of.

Rate of Returna, change our subscription to basic cable and set the extra money aside towards dilithium crystals.

Ensign Checkbook, plot a course for the nearest Burger Galaxy for one last time.

>> Most illogical.

>> A Biz Kid has a savings account.

They really are easy to open.

Come on!

Hi, I'd like to open a savings account.

>> Sure, that's real easy.

Just need you to fill out a little bit of paperwork here.

>> First you have to fill out the application.

If you're under 18, you have to have a parent or guardian sign too, like my mom.

Okay.

I'm going to open my account with $5.

There you go.

>> Okay, Devon, I'll go ahead and get all your information input in the computer.

Okay, Devon, here you go.

Welcome.

>> See?

It's as easy as that.

I even got a gift.

You should open up a savings account too.

>> Hi, I'm Katie Radosevik, and I'm a Biz Kid.

It all started when our Nubian doe Beatriz had three stillborn kids, and we had a surplus of milk and didn't know what to do with it, and one thing that we found was a recipe for soap.

The milk makes the soap richer, creamier, and less drying to the skin.

The first step of the goat milk soap-making process is to milk the goat.

This is the dangerous part, where I mix the lye into the milk.

I have gloves and goggles.

Fat plus lye equals soap-- chemistry in action.

This is the vegetable shortening and oil mixture.

I use only the finest and freshest ingredients available, but it looks disgusting.

We add the lye/milk mixture to the oils.

I love this part.

Now I'm adding lemon essential oil.

And essential oils vary from fragrance oils, because fragrance oils are manmade and essential oils are natural.

I use my sniffer to tell how much oils I need to put in.

That's enough.

Now we pour the soap into the molds.

And now we wait for 24 hours for the soap to harden.

Then we cut it.

Before, after.

Before, after.

After the bars are cut, they'll be placed on well-ventilated racks, where they'll cure for six weeks.

Soon, everyone will have a chance to be clean.

Today we have fresh peach, cucumber melon, patchouli poppy seed, rose, jasmine, tea tree, and citrus poppy seed.

The most popular is the citrus poppy seed, but my favorite is the oatmeal vanilla almond.

Beatriz, my goat's face, adorns the label on the front hand side.

We're here at one of the places where I sell my soap.

Let's go on in.

Today I have nine bars of soap here, and I was hoping to feed my goats with two of your bails of hay.

>> For nine bars?

Um, it's a deal.

>> Sound great?

>> Yeah.

Her attention to quality makes her a great businesswoman.

>> The main way I keep track of my finances is by using the program QuickBooks.

And it's a program that can monitor my profits and losses and also my inventory.

I did research on the Internet to help me learn how to formulate a successful business plan.

And after I had completed my rough draft of it, I had several different people edit it to help me perfect it to what it is now.

Bea's Beauty Bar, udderly the best.

( Austin snoring ) >> He has a opportunity.

I said, "He has an opportunity."

>> Me, opportunity?

Where?

>> I hear you have enough money now to buy that new video game.

>> What?

Oh, yeah!

Dude, the reviews say it's going to be awesome.

>> This is what we call an opportunity.

Any financial action or any pursuing of goals can be considered an opportunity.

>> Yeah, I've saved up enough, and now I'm in opportunity town.

>> But there's a cost to that.

>> What?

>> Are you coming to the movies with us on Saturday?

>> Yeah, I'm coming.

Wait, if I go to the movies, then I can't buy the game.

>> This is what we call an opportunity cost.

When you're pursuing an opportunity, sometimes you have to give some things up.

In your case, not going to the movies with us on Saturday is the cost for your opportunity.

>> Man.

Saving money isn't even free.

>> It's the truth.

>> So I told my agent I'm sick... >> Every Biz Kid knows the importance of planning and taking charge of your financial future.

Now let's watch a cartoon.

>> I said sell.

We need the cash for another deal I'm making.

Just do what I tell you.

Oh, hi there.

I'm Capitalist Peg.

If you're like me, you see the world full of opportunities.

They're everywhere.

And if there's one thing I've learned, it's this: when opportunity knocks, there can be big rewards, but there's always a cost.

I call that the opportunity cost.

It's not always obvious, but it's always there.

( knocking ) Opportunity?

No, it's just my assistant Brian.

Where were you yesterday, Brian?

>> My team was in a basketball championship.

I went to the game.

>> That was a great opportunity.

But taking advantage of an opportunity means you have to give up something else to get it.

How much did going to the game cost you?

>> 20 bucks.

>> How did you figure that?

>> The tickets were 20 bucks.

>> Brian, how much do I pay you?

>> Uh, $8 an hour.

>> You missed a day of work.

How much is that?

>> $64.

>> You went to the game instead of your job.

That means the opportunity cost was $64.

Now was it worth it?

>> It cost me 20 bucks a ticket plus $64 to see my team lose?

Darn it!

( glass crashes ) Oops!

>> That's going to cost you.

>> It's always about money with you.

>> Why do you think that they call me Capitalist Peg?

>> Our goal as a family is to make the best cheese possible.

>> Cheese!

>> Samuel!

Earnest!

( cow mooing ) >> I got one brother and four sisters.

>> Earnest, get over here!

I'm not going to milk all the cows tonight!

>> My brother is 13 years old.

He's older than me.

>> My name is Samuel.

>> My older sister is Ruth.

>> Okay.

>> And my other sister is Melody.

And my other sister is Patience.

>> My name is Patience Estrella.

And this is Oswald.

He act like a pet dog.

And he's a great dog.

>> I like working on the farm because it's pretty fun.

You got to do a lot of stuff.

>> We are serious Biz Kids!

>> On the weekends, we get up at usually around 3:00.

We get up, and my dad goes and gets the cows, and I either feed the animals or help my brother milking the cows.

>> I have to milk about 16 cows.

When you're really moving, it takes one hour 30 minutes.

So sometimes when I'm tired, I take a pretty long time, about two hours.

>> We could only make cheese three days a week, but it wouldn't be as good as it is.

And the cows don't quit.

>> This goat is going to provide milk for cheese.

Ruth feeds them, all of them, and she feeds those ones too.

>> I'm Ruth Estrella, and my job is to feed the baby goats and milk the mothers and make sure that the goat is healthy.

I help with other things on the farm, like making cheese.

This one, she is done, because you feel under her belly, and it's pretty tight.

>> My mom's been making cheese in her kitchen as a hobby for about 20 years now.

>> We started out on five acres in Gig Harbor, and we ended up with this, which is 164 acres.

>> We make cheese here-- raw milk, hand-crafted cheeses.

We have revenue, and we have expenses, and hopefully our revenue will be more than our expenses.

>> This is called a cave, where the cheeses age.

My favorite cheese is this cheese.

I love that one, because I make it on my own.

From out there, when the cheeses come here, it's aged for 60 days, and then we sell them.

>> We just started making cheese, not quite commercially, but as a business in '03.

$20 a pound.

So, like, that much would be to $6.93.

>> I'll take some of that.

>> Yours comes to $6.75.

>> And yours is $6.75.

>> Okay.

>> $5.04.

>> All right, sold.

Stinky cheese sells.

>> The money that we make, we try to do the best we can to further the business and use it in every way we can to advance and make the process easier.

We sent it to the World Cheese Competition, and it got a silver medal, which is second place.

>> In the world competition?

>> Yep.

Our cheese is really popular.

It won quite a few awards.

Particularly, the Grisdale Goat's got three awards now.

It's got a first place Best of Show and then a silver at the World Cheese Competition.

We could go for just mediocre, but if we go for mediocre, then that's not making everyone happy, and it's not what we can do.

It's not achieving our goal.

Why work this hard to be number two?

I think we can do better.

>> Excuse us.

Now we have the opportunity to go dancing.

>> Now, sir, isn't it true that setting financial goals is important to achieving financial success and that there are costs to doing that and that achieving financial goals can be done in small steps, over a long period of time?

Isn't that true, sir?

>> True.

Uh, yes, it is true what you say.

It is also true that while you were gabbing, my foot fell asleep.

>> We decided to set a goal to raise some money for charity.

So we put this jar here in the vault, and anytime anybody had any spare coins or anything, they'd just drop them in.

>> At first, it was just nickels and dimes-- you know, whatever spare change anybody had in their pocket that day, nothing big.

But after a few weeks, it started to add up.

>> We added it all up, and we had almost $50.

>> Without any real effort, just a couple of coins whenever.

>> Achieving financial success can be that easy, even if you take small steps.

>> We took small steps.

Now we have a bunch of money for charity.

>> Charity?

>> Yes, charity.

>> But I thought we were going to use the money to buy ice cream.

>> Uh, no, we're giving this money to charity.

That's our goal.

>> But ice cream is my goal.

>> No.

>> But... chocolate.

>> No.

>> Rocky Road.

>> No.

>> Strawberry.

>> No.

>> Rainbow.

>> No.

>> But it's... ( glass shattering ) >> I'm Rohan Singh, and I'm a Biz Kid.

I started my business because I felt that even though I was young, I had something to offer to the marketplace, and I kind of wanted to make some money and also learn.

I developed software products and sold them over the Internet at fuzzelfish.com and also offered Web hosting for people to create their own Web sites.

When you start a business, one thing you have to keep in mind is it might not work out at first, and it might not seem like you're going to be an overnight success, because really, overnight success is usually based on luck rather than skill.

You just have to keep trying and keep trying until you can finally make it.

When you first start your business, people might not take you seriously because of your age.

But if you keep going at it, eventually people will judge you not based on how old you are, but based on the work you can do, and that's when the real fun starts.

Now I know that I would have a hard time working in a standard corporate environment.

I'd rather work here than there.

So I know that sometime in the future, I will be starting another business of my own, and maybe another one after that and after that, because I really love the entrepreneurial environment.

Running my own business was a lot of hard work, but it did have its rewards.

I was able to take a lot of the profits I got from it and put it towards savings, towards movies, towards pizza, and towards some nice new toys, like a convertible.

Business has its rewards.

I'm a Biz Kid.

>> Now, that was interesting.

>> Yeah.

Did you learn anything?

>> Like how setting financial goals is important to achieving financial success?

Did you learn that?

>> And how there are costs to achieving your financial goals, like opportunity costs?

And sometimes you have to delay gratification and resist that urge for immediate gratification.

>> No, no, no, no.

"Gratification" is way too big of a word for this viewing audience.

You should try to explain it using simpler words and phrases.

>> Okay.

Let's just say your spending decisions need to be prioritized.

>> "Prioritized"?

"Prioritized"?

That might get you in trouble.

>> Okay.

How about we just say that achieving financial success can be achieved by taking small steps over a long period of time.

>> You're making it way too complicated.

You could just say, "Slow and steady wins the race, and stay away from get rich quick schemes."

>> Who is this guy anyway?

He's really starting to bug me.

Is he from the network or something?

>> Who ordered the pizza?

>> Score, man.

Here, take a look at that.

>> Hey, penny here.

Remember when you were excited to find one of me on the ground and how it was so fun to collect a whole bunch of me and take me in a big plastic bag and buy something?

Okay, I know.

That's cute when you're five and you're buying candy, but when someone your age brings in a bag of pennies to buy a two-gig MP3 player, they look at you like you're growing tusks.

I understand.

But look!

We can still do things together.

Keep collecting me and deposit me into a savings account.

Every one of me you save gets you on your way to bigger things.

Keep it up, and soon you'll be on your way to becoming a Biz Kid.

>> Hey, do you know a successful business?

>> Maybe you're a Biz Kid.

If so, we want to hear about it.

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.

>> 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