>> 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.

>> Space, the big frontier, and it takes a lot of money to get around in it.

These are the voyages of the USS Free Enterprise, our seven- year, six-month mission to pay off that high-interest loan Starfleet took to buy this vessel, star date now.

Stock, we can't make our payments for the ship.

>> Captain, your course of financial management is highly illogical.

>> Have some compassion, Stock.

We need money.

We'll get it from savings.

Scotty, we need more money.

>> But, Captain, I've given you >> We need more money, Scotty, and we need it now.

>> But, Captain, there's almost nothing left in her.

>> We need more money!

Do what it takes!

Spend the savings!

>> But, Captain, if we maintain this spending course, we'll never reach our goals.

>> Spend the savings, Scotty.

That's an order.

>> But, Captain, this is highly illogical.

>> But, Captain... >> Captain.

>> But, Captain... >> Stock, Checkbook, Rate-of- Returna, you're starting to sound like those other, other life forms, those... those... ( screaming ) >> ...Biz Kids!

>> ♪ When making money is the aim ♪ The 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 money-- hard to earn, so easy to spend.

>> A Biz Kid knows that money is a tool, and like all tools, there are lots of choices.

>> I mean, really, you want to make the right choices when it comes to money.

You want to use the right tools.

I mean, you wouldn't use a chain saw to cut a loaf of bread, would you?

>> So, Biz Kids, do you make the right choices with your money?

>> When I have money, I would like to spend it on clothes and a little bit of furniture for my room.

>> Buying candy and stuff.

>> Jeans-- I have a bad fetish with jeans.

>> Skateboards and stuff.

>> Well, I lost my money.

>> I've blown my money on clothes.

>> I've spent it at the racetrack.

I've spent it gambling.

I've spent it everywhere.

>> I went on a snowboard trip to Canada, and it was expensive.

>> Yeah, I blew a lot of money.

>> I have invested in the stock market.

>> Then I bought brand-new snowboard gear.

>> I mostly pay for her for everything.

That's how I spend my money.

>> That's not true.

>> I'd buy hamsters and hamster supplies.

>> And I've donated a little, too.

>> Now, even though there are tons of ways to use your money, it really comes down to four basic choices.

>> One, two, three, four.

One, you can spend money.

>> Spend it.

>> Two, you can save money.

>> Save it.

>> Three, you can invest it.

>> Invest it.

>> Four, you can donate money, like charity.

>> When my mom lets me donate money, I call that philanthropy, but that's just me.

>> See?

It's easy.

So we've got spend, save, invest, and donate, the four basic things you can do with your money.

All right, well, there is a fifth.

You can lose it!

You can lose your money.

You can lose... no?

Wait, I did lose it.

I lost it.

>> Are you sure you lost it?

You probably spent it.

You always spend it.

>> No, no, I got my allowance last week.

I could not have spent all that money.

I must have lost it.

>> Must have.

Okay, you know what?

Let's take a look.

>> Oh, there was that.

Well, I did need that.

There was that.

Well, I was hungry.

>> See?

You always do that.

>> Yeah, but that was all necessity.

I needed all that stuff.

>> You wanted all that stuff.

>> It's the same thing.

>> No, it's not.

Actually, I know a lady who didn't buy all the things she "needed" for a whole year.

>> Yeah, right.

>> Yeah, it's true.

Seriously.

Come on.

>> Thank you very much.

>> You're welcome >> That was really nice of you.

Thank you >> Sorry.

Okay, Kaelon.

So this is the woman I've been telling you about, Judith Levine.

>> Nice to meet you.

>> Nice to meet you.

>> Okay, so she says that you didn't buy anything for a full year.

>> Well, my partner and I spent some money, but only for the barest necessities.

>> So what is necessary to live for a year?

>> Well, you need food, but you don't need to pick up any pizza from the corner.

You can just buy food ingredients.

>> Okay.

>> You might need medicine and, if you're like me and you work at home, Internet access.

So you see, needs are depending on who you are and where you live.

But what I didn't need was any new clothes, any new shoes, CDs, didn't download any music, didn't go to the theater, didn't go to the movies.

>> What motivated you to do this?

>> It was a couple of things.

I kind of felt like my own spending was out of control, like yours.

But I was also worried about all this junk that everybody's buying-- you know, electronic gizmos and plastic toys and clothes-- and they're just throwing them away, putting them in the landfill, and they're going to be there until the end of time.

>> So you didn't spend money for a whole year.

How did that change you from the year previous?

>> Well, for one thing, I saved $8,000 and paid off my credit card debt.

>> Wow.

>> But, you know, the bigger change was I really started to move my focus out into the world and not so much on myself.

I wasn't just going out and buying things for myself and bringing them back to the house.

I was much more active in my community.

I was spending more time with my friends and my family.

>> So I totally can't see a teenager doing this.

Could one of us do this?

>> You could do it.

>> I...

I'm not so sure I could.

>> Of course you could, and it would be a lot more fun if you did it with your friends.

So, you know, you might want to just all read the book.

>> Oh, yeah.

I guess if I read the book, I wouldn't be losing my money.

>> Well, at least you'll know where it went.

>> That's true.

Thanks so much, but we need to get back.

>> Okay.

See you.

>> Good to see you.

>> Save, save, save, save.

>> Order up!

Two cheese and a jumbo.

>> So, Biz Kids, first you got to make money before you can do something with it.

Let's say you flip burgers-- burger after burger after burger after burger after burger after burger after burger, burger, burger, burger.

Let's say you make, oh, $100 an hour.

You might consider spending $25, saving $25, investing $25, and donating $25.

Now, that's a financial goal!

>> Order up!

>> Do you have any money goals?

Do you have any money goals?

Do you have any money goals?

>> Long-term financial goals-- I want to be debt-free.

I want to have a good investment.

I want to eventually invest in a house.

>> You need to set a goal when thinking about spending, saving, donating, or investing.

>> Like, what are you saving for, a skateboard?

Let's say the skateboard is $300.

If so, your savings goal is 300 bucks.

>> Or you can set your goal based on what you want to spend your money on.

So the skateboard, plus movie tickets, plus pizza, plus gas equals $450.

>> What are your investment goals?

Investment goals can be really long term.

Like, let's say you're saving up to go to college.

You could set a goal of saving $10 each week.

>> And finally, make it a goal to donate to charity.

Doesn't matter how much time or money you spend, just make it a goal, because, you know, time is money.

>> Spending, saving, investing, or donating are four ways you can use your money.

Trust me, you'll be glad you set a... >> Goal!

>> Okay, everybody, this is an assembly.

I need you to pay attention, eyes forward, okay?

Now, Tom, I need you to sit down.

Jim, spit out that gum.

>> They call me the King of Kaching.

Yes, I am a brilliant entertainer.

I don't think there's any question about that.

But I am something else.

I'm a teacher-- a teacher to kids about money, how to invest it, how to make it, how to save it, what to do with it, how it works in the first place.

Oh, yeah, I used to work the nightclub circuit all over the place.

I don't do that anymore.

I work school assemblies, because these kids get it, and they love me.

>> Sit down right now!

>> You hear that?

( audience booing ) There's a lot of love in that room.

I got to get to work.

See you.

( audience booing ) >> Sit down!

>> All right, let's review the four things you can do with your money: spend it, save it, invest it, donate it-- four things you can do with your money.

>> There's a fifth thing.

You can blow it.

>> You can also lose it.

>> Or it could be stolen.

>> Okay, let's focus on the four main choices you have, starting with spending.

Unless I'm wrong, you all know how to spend your money.

Is that correct?

>> Americans top the charts in spending-- hooray!

>> Next we have saving your money.

>> Saving money-- when you put your money in a piggy bank.

Yes!

>> Kick it up a notch.

Stick money in a savings account and earn some interest.

That's what I did.

>> Yeah, well, if your money's in a savings account earning interest, isn't that more like an investment?

>> Yeah, yeah, whatever.

>> Which brings us to investing.

Okay, so when you have your money in a piggy bank, all you're doing is saving it.

But when you put your money in a savings account, you're letting the money work for you.

You're letting people that use it pay you for using it.

And that's why a savings account is an investment.

>> There are other ways you can invest your money.

You can invest in a business by buying stocks.s.

You can invest in a business of your own.

>> There are a zillion different ways to invest.

The only thing about investment is that it involves a certain amount of risk, but that's something for a later episode.

>> Yeah, because we should talk about the last thing you can do with your money.

It's called phila... philanthropy.

>> That would be philanthropy.

>> That's right.

You also can donate your money.

>> One more time-- with your money, you can spend it, you can save it, you can invest it, or you can donate it.

Those are the four choices you've got with your money.

>> ( coughing ): You can also lose it.

>> ( coughing ): Or it could get stolen.

>> ( coughing ): Not funny.

>> Hey, Biz Kid, would you like some candy?

We sell candy, and we sell candy.

We sell candy.

Last but not least, we also sell candy.

Would you like a gummy octopus?

I have grown men that come in and start jumping up and down.

Excuse me, sir, what's going on over there?

My name's Rebecca, and I love candy!

I've totally just like, "Blah."

Kind of insane.

You probably think every kid wants a candy shop.

I'm not that motivated of a person.

I'm really just kind of go-with- the-flow kind of thing, but I got this idea, and I couldn't let it go, and I really wanted to do it.

I opened a savings account when I was five years old.

From then on, if I had good grades, anything like that, my mom would give me, you know, $25, and we'd go to the bank, and I'd deposit it.

It was a big deal, you know, to have that money saved up.

It's so good it's addicting.

Okay, you get one of those back.

And saved my money, every penny, and I had planned to buy my car when I turned 15 or 16, and I got an idea to open a candy shop instead, and that day I went and talked to my mom.

>> She came in and just said, "Port Orchard needs a candy shop."

>> I told her that I was willing to invest the money that I had saved up for my new car into the store.

>> Every beginning driver wants a new car.

Well, she's going to forego that because she wants to invest in a business?

That's so mature.

>> I didn't even think twice about my car again.

I was like, "Whoa, candy shop, let's go."

Well, at first, when I got the idea to open the store, people look at us like... well, I wouldn't really say crazy, but Port Orchard is a very small town, and there's two exits off the freeway.

If you blink, you could miss it.

People are like, "Oh, you can't sell enough candy to keep it open."

>> Can you say "I like candy" slower?

>> Hello.

>> Hey, Rebecca, how are you?

>> I'm good.

How are you?

One great, successful thing that we have found is being open seven days a week.

>> Can I have two rainbow lollipops?

>> Even just being open for three hours on a Sunday, I will make sometimes in that three hours as much as I would in an eight-hour day, almost every week really, in three hours.

Just those little details make a huge difference, world of difference.

I guess I have brought pride to the downtown area and just showing that there can be a business down here that lasts seven years plus, and that's actually surviving.

From the first year, it's paid its own bills.

We've never had to pay out of our pocket at all for it.

My candy shop is so successful that I was able to get my car too-- and a nice one.

See you.

>> Hey, you know, there's lots of things you can do with money.

Did you know that?

You can spend it, you can save it, you can donate it, you can invest it, or you can do what I do and blow it.

No, I'm just kidding about that.

>> You've got to learn how to save money.

Does anybody know why?

>> Does anyone know why?

Does anyone want to ask why?

Anybody?

>> Why save?

>> I'm so glad you asked that.

Because when you save, you get choices.

You get choices.

You get more money.

You get to have choices.

People say, "Here, just take this."

You go, "I don't want that.

I want this.

I don't want that kitty.

I want this kitty.

Instead of that kitty, this shoe.

I don't want that shoe, I want this shoe."

Because you have choices!

You know why?

Because you've saved!

That's why.

It's because you've saved.

>> Do you think I could save too, mister?

>> Of course you can, kid.

Of course you can.

You got a quarter?

Put it in your back pocket.

There, you've savethat quarter!

>> I did it?

>> Yes, you saved right there!

>> I did it?

I did it!

>> He did it!

You can do it!

You can do it!

We can all do it!

We can all save!

We can all save!

>> A Biz Kid knows that one of the best ways to save your money is by keeping it in a financial diary.

>> Yeah, I know, sounds kind of corny keeping a money diary, but ask any president of any company in any country in the world, and they'll tell you how important it is.

>> Yes, I think this is quite important.

>> So why don't you do like the smartest people in the world and keep a financial diary?

>> Now, there are a lot of ways to keep a financial diary.

Mine looks something like this.

So I spent $179 on my date.

That's $20 for the movie, $17 for dinner, $15 for dessert... ( buzzer ) >> What's wrong?

>> I'm missing something, like the $127 I spent on hair-care products.

Stop it.

Wow, I look good.

>> There are four things you can do with money.

You can spend it, save it, donate it, or invest it in the Biz Kids Zone.

>> Cut!

Again, Jake, I just wish that you would invest some of your energy into this piece.

Do you think you can do that for me, buddy?

>> Yeah, yeah.

>> Okay, he thinks he can do that.

Okay, we're going to take it from the top.

I need you to get some energy.

>> Okay.

>> Are you ready?

Energy, energy, energy!

Energy, energy, energy!

From the top, please!

>> All right, Biz Kids.

And mark it.

>> There are four things you can do with money: spend it, save it, donate it, or invest it in the Biz Kids Zone.

>> Some people make money by investing the money they already own.

>> An investment is the giving of time or money to a group or individual for the purpose of making more money.

>> People pay you money to... >> An investment is the giving of time or money to a group or individual for the purpose of making more money.

>> So people pay you money to use your money to... >> Cut!

>> Ah!

Okay.

People pay you money to use your money to make more money.

>> That's what I said.

>> You know, a lot of things can be investments, like a business-- really, anything that gains value, like gold, art, cars, land... >> Even putting money into a savings account is an investment because you earn interest, which is money a bank or credit union pays you for letting them use your money.

>> You know, I think I'm losing interest in the scene.

>> Well, maybe you haven't invested enough of yourself to keep it interesting.

>> I need to invest to make more money.

Stock, I need stock to make more money.

>> Captain, look.

>> I'm a floor broker on the floor of the New York Stock Exchange, and my job is to buy and sell stocks.

I started as a 15-year-old on Wall Street.

>> Buy, buy!

>> I put myself through college trading stocks.

>> A stock is a piece of a corporation, not necessarily in America-- it could be anywhere in the world-- whereby the corporation decides it doesn't want to be owned by individuals but by a large group of members of the public.

One reason they would decide to do it is they need capital to run this business and to make the business grow.

For example, Google, which everyone knows, needed... they knew they had a great idea, they knew they had sponsorship, but they needed capital to make the business grow, so they decided to go public and successfully sold many shares to the public.

The lucky ones got a little piece of Google.

That's a good example.

>> I'm rich!

>> A kid can buy and sell stocks.

He can do his own research.

He can read some information in magazines and newspapers.

You open up an account with a broker.

If you're a minor, you would need an adult or a parent to cosign with you to say that you're financially responsible and you can buy and sell stocks.

And in many cases, you can make decisions better than a lot of adults.

It's a very interesting way to use your brain for gain.

>> Stock, help.

Help me, Stock.

I need to invest.

Stock, help me.

Help me, Stock.

Help me.

Help me, St... >> Captain, the way you speak is highly illogical.

>> Don't make fun of my speech impediment.

Come, Stock, this way.

I have much to talk to you about.

>> But there are other things you can do with money.

Watch this.

See this?

Bend this around like this, and look at that.

Isn't that cool?

Looks like I made a little bird out of it, doesn't it?

Watch him fly away.

Huh?

That's cute.

Money flies just like birds sometimes.

( stomach growling ) >> I'm really hungry.

What can I buy with a dollar?

>> Something from the dollar menu.

Okay, watch.

>> A dollar bird?

>> Hey, cool, a dollar bird.

How much you want for that?

>> Two dollars, please.

>> Sweet.

Thank you.

Hey, guys, check this out.

>> Great, two dollars.

But what are we going to buy with two dollars?

>> Patience.

>> Hey, uh, can you make me one of those things?

>> Sure-- two dollars.

>> Thanks.

>> Invest a little and make a lot.

It's that easy.

There you go.

>> Thanks!

>> There you go.

Thank you.

>> Thanks!

That's great.

>> Two dollars please.

>> Wow!

>> Thank you so much.

Here you go.

>> Thanks.

>> Thank you.

>> Oh, thank you.

>> Two dollars please.

>> Oh, cool, this is great.

>> Thank you very much.

Thank you.

>> Wow.

>> Here you go.

>> Whoa, we sure made a lot of money.

>> You see, you just have to learn how to make your money work for you.

( Liz's stomach growling ) >> I'm still hungry.

>> All right, well, make the call.

>> Hello, Chez Expensive?

Dinner reservations for two.

The name?

>> Biz Kid.

>> Biz Kid.

>> It's time for the Biz Kid million dollar question of the day.

What would you do with a million dollars?

>> A million dollars is lot of money.

>> The first thing I would do is invest some of it in my college fund.

>> I would go buy myself a new pickup.

>> Put half of it in savings.

>> I would pay off all my credit card bills.

>> The first thing you do is you put it in the bank, you let the interest increase, and then you invest wisely.

>> I would go to Disney World, like, five times, buy lots of souvenirs.

>> I would spend it all on video games.

>> I would invest in buying the restaurant that me and my family have always wanted.

>> I'd buy a house as an investment.

>> I'd move into a big mansion.

>> I would invest in my own advertising company... >> I would travel.

>> ...and buy a purple Lamborghini with hydraulics.

>> If I had a million dollars, I would donate it to help end homelessness.

>> I'd spend it all!

I'm joking.

No, no, definitely invest and, you know, do the smart thing, because you know, you got to be smart.

>> Some people like to share with people or groups by making a donation.

So you can donate money to a cause you believe in, like a community group or a charity, or you can donate resources or something of value that then helps the group make money or allows them to do things that they wouldn't normally be able to do.

Part of being a Biz Kid is helping others achieve success too, and one great way to do that is by making a donation.

>> I see an electronic machine that can sort of produce results that's beyond our imagination.

I've always liked that aspect, that computers have the potential to do so much, and it's up to us to bring that potential out.

I'm Najee McGreen, and this is Techmaster Computerworks.

Running a business is a lot like chess.

You have to be able to plan, strategize, and come up with the best move for the situation you're in.

So Techmaster Computerworks is a small IT company that specializes in the customization and building of computers.

I started just repairing computers, just using my knowledge to help out people that I knew.

Over time, I developed it into a full-fledged business with a business plan and a plan of action.

The youth apprenticeship program is a program that we started up when the business was still young.

It's the core part of the business.

The youth apprenticeship program takes students from various backgrounds and various ages, and you know, we teach them about computers.

For me, I see my business expanding and taking in kids from all types of areas.

I hope that through the business, I can teach people about computers, things that they've never even learned before, that they won't learn in their high schools, they won't learn by reading a textbook.

Now, to accomplish these tasks, I definitely need funds and money.

>> Money is your backbone.

It will help you start your business.

>> The youth apprenticeship program is the core.

We use the computers as a way of generating revenue, buying and selling computers and building them and putting in different pieces of hardware.

But we use the revenues from the main part of the business, you know, to buy new tool kits and to buy the motherboards for the students to work on, to buy parts so, you know, they can experiment with these.

So in chess, everyone needs a plan.

You can't just play a chess game by moving pieces.

And with computers, you also have to have a plan of action.

There's a certain way of building a computer, starting from the ground up.

What we do is we take the average computer model, the same computer that you see every day, and we customize it.

We add new effects, lighting effects, sound and different options to your computer to make it more enjoyable.

Well, you're currently in my workshop, my basement.

>> Really like Hollywood here.

>> Okay.

Sort of like my lab.

Here we have Jewel working on a hard drive and a hard drive cooler.

Jewel also helped us work on our eco-technologies computers.

It's completely biodegradable.

I'm helping them to learn something.

It's almost like a skill that they'll be able to use later on in life.

But while they're learning, I'm also getting inspiration from these students.

It's the thing that keeps me up late at night, you know, doing research and things like that.

It's the willpower that I thrive on.

It's about giving back to the community.

That's what it should be about for every CEO out there and for everyone who runs around in a business.

My name is Najee McGreen, and I'm a Biz Kid.

Was that good?

Okay.

>> Well, there, you have it.

Money is a very important tool.

>> Like this hammer.

>> And there are four basic things you can do with money.

>> You can spend money, you can save money, you can invest money, and you can donate money.

What you really have to remember is that like this hammer, money is a tool, and you can't mess around with it.

You can't mess around with money!

( screaming ) >> The four things you want to do with your money is you save it, you invest it, you donate it, or you... blow it?

I don't know.

I can't remember.

>> All right.

Hold on, hold on.

What are they?

>> The only thing I would do with money is invest it.

That's the only thing I would do with it.

>> You don't know what you'd do if you had a million dollars?

Do you know how much a million dollars is?

Okay.

If I gave you a million dollars, what would you do with it?

>> I'd put that in the bank.

I'd put that in the bank.

I wouldn't retire.

I'd put that in the bank.

>> So there's four things that you can do with money.

Do you know what the four things are?

>> I do: save, donate, spend, and invest.

Be 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