Skating in the Money | Warren Buffett’s Secret Millionaires Club

Skating in the Money | Warren Buffett’s Secret Millionaires Club
By Mark Hirschey (Work of Mark Hirschey) [CC BY-SA 2.0], via Wikimedia Commons

Skating in the Money | Warren Buffett’s Secret Millionaires Club

Published on Mar 24, 2016
Jones wants to enter in a skateboarding contests, but doesn’t have enough money to enter. Lisa has been saving for a dress when Jones comes to her with a proposal… Should she lend him the money?

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What is Warren Buffett’s Secret Millionaires Club?

The Secret Millionaires Club is an animated series that features Warren Buffett as a mentor to a group of entrepreneurial kids whose adventures lead them to encounter financial and business problems to solve. The program teaches the basics of good financial decision making and some of the basic lessons of starting a business. The animated series has 26 online short webisodes and TV specials featured on the Kid Genius cable network. The animated series is created by Genius Brands International, Inc.

0:00wakes David I’ve got major news our next project is probably more important than
0:10any I’ve got a chance to double no quadruple my money
0:15handsome many barriers to Z Adam Jones what kind of an investment is it it’s
0:21kind of like an entry fee the annual mega monster skate contest is Saturday
0:25and I can so smashed the competition he can beat everyone who enters I figured
0:32as much as $100 prizes so mine and what would you do with it started savings
0:38account like you’ve always said mr. Buffett I just need the $25 entry fee
0:43the cash Elena I had any money it would be you his empty everything iron goes
0:52into long-term savings from my inventions so that leaves charges
0:59got any money I look newspapers in trouble that his head what kind of
1:19trouble don’t bother it’s not on the web yet still cute in this thread wow that
1:30really kicking girl $50 from I didn’t abide by the party next week
1:38but next week after this coming Saturday right of course you could do me a solid
1:45for Saturday and still have time to buy your dress John I know you’re trying to
1:51say something to me
1:52translation he needs $25 to enter scapegoating contests he wins every year
1:58and he’s asking you to lending the money I’ll pay you back from the winnings
2:03would like to help you out
2:06good can we move this along with the Jonas Steur lose never happened tell her
2:21promise very long Jones always win
2:35why don’t you have the money to that question why don’t you have a
2:44contingency fund money for a rainy day before I met you mr. Buffett I wasn’t
2:51any good at saving money but I’m planning to start right after the
2:55do you think I should do well ask yourself what would the bank knew before
3:02making a loan you need to do your due diligence on Jones do what to me ask
3:10yourself if Jones can pay back the loan does he have collateral no worries there
3:16I feel great
3:18simply put collateral means does Jones on anything worth as much as he’s
3:22borrowing at least $25 but no way I’m selling the board what do you think in
3:46town and that he has come out roll that could pay for the loan
3:53from the $50 I would still have $25 left Lisa you are awesome to pay me back
4:07right after the contest as soon as i win
4:10ok then I got a double over to the park and drop this entry fee no thank you

Warren Buffett’s Secret Millionaires Club

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