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Do you think -- entrepreneur -- say goodbye to the good old fashioned piggy bank and that's.
Old school -- yesterday.
Our next guest -- -- -- observant aren't thinks.
He had a better idea to teach kids hadn't faint band and -- hair Anton enough in the -- not.
-- -- -- No -- not make Bateman outlets and and people wasn't it wasn't -- go to that a well I was on purpose yeah well I.
They are well anyway tell us about the -- yards dot com.
Let me tell you about three -- -- -- we -- -- -- revolution revolutionary we make it's super easy.
For kids too well.
To save -- and share their own money this site is done it's through allowance the allowance is on line.
Administered by the parent.
And the key thing is is that when you think about three -- think about instilling your kids that financial responsibility that's really what we're all about -- -- Explain to us how the parent gets the money to the -- How the parent gets the money to the kid this is the best thing about this is why we're revolutionize and piggy bank that the money doesn't yet have a kid.
The money gets reflected in these three on line chart is -- the quarters and about your computer -- and what you don't wanna -- if -- really wanted to teach your -- to say you don't put the money.
The cash in the piggy bank.
It be like you you are let's say you weren't a 100000 dollars -- you have 90000 dollars -- sitting on your -- -- What sort of -- at 728 seconds left.
-- -- -- -- -- Talk about a second my son's watching right now that's gonna go.
Wait and it is so you're just gonna put money into account at I can't feel it and touch it I don't -- know I have absolutely can feel -- -- -- but here's -- -- -- Out earns allowance it gets allocated and -- save spend and -- jars.
The child band will.
It actively engage in a fun way in an online way with those accounts when -- -- when your son that was -- twenty bucks to go to the movies on a Friday night.
We'll send your request that you can respond response wanna fly.
I -- yourself fallen through email or actually on the site if you agree with that spent request of what you would do -- -- twenty bucks so we automatically reconcile that -- online.
And so the key thing here is that kids we need to instill a savings habit in our children.
That doesn't happen when all that money sitting on their Dresser he doesn't have to -- -- sits at a bank account money that sits in a bank account is out of mind and out of -- there's no learning.
What happens on three jars as kids earn interest income and when you -- contrast you have a savings incentive.
And that savings incentive can then be vested into -- spending -- but that's just did when I was growing up by started off when I was making six years old working for my -- before my dad for a dollar an hour and I had to save -- -- -- take.
It happens every paycheck.
And physically walked down to the bank and deposit it in my big savings account gap.
What is -- what's -- differentiator how do you make money doing this what's different from your bank vs what I get.
State bank bit -- are you presently learn you would -- -- -- in a bank right now yeah I think you would agree it's kind of criminal and it takes forever.
For any kind of interest are you gonna like are you going to be using this money didn't invest in CDOs like absolutely not so what happens is what happen.
Happens -- -- money stays with the count the money stays with the parent that's -- but from a kids perspective and operates like an online bank and I making money.
It's a subscription based model it's thirty bucks per year.
So what's the interest rate on my kids a savings it's phenomenal to parents it's a lot to the kid so for example -- kids actually could make investments that -- invest in political certificates of deposit invest five dollars.
You can earn a dollar if you keep.
Your investment commitment for a two week period -- if you would drive her.
Early if you lose you forfeit that interest to listen nominal amount sooner but dollar and -- mom mom is gonna go get -- up five dollar allowance -- may be sick.
Thanks that's correct.
What are you trying to do we hear what you're really trying to do is you're trying to it.
-- sent kids to say.
And that can't happen through the ether.
All right I'm giving you a pass because -- thing that encourages anybody I don't care how old they aren't -- to save.
I'm all for a par save save save save you don't need all that crap.
That's going to be -- -- On top US with its thirty bucks here to teach my kid Eric you'd better listen to this stop -- and there's no transfer money correct them not -- in the stats are correct you're not necessarily say it's -- it's that it's a tool baloney to buy cheap little.
Other animals on the yes that's -- look at this.
Those -- -- dollars those dollars dollars three dollars a half past five I'm going to be the one of the -- low -- the other ones I guess over here and I've got to.
Failure I will write your name across the top and encourage everybody go to three jars dot com.
But I simply I don't know making some money I don't know how you really get that critical mass that you're gonna need to -- -- -- whenever I'm not the right after voting -- -- by month I would agree.
I don't hang on I've more power to any event thank you major aren't popular I don't.
There's also the share -- you -- encourage him to give to charity we absolutely did we partner with some mosques and charities and we make sharing tangible for -- option do you guard against charities Cody Willard -- can watch the clock support your local Big Brother big sister little brother or little sister and all that stuff program thank you so much for joining us and -- -- it.
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