This clip depicts the Little Rascals attempting to buy wood for a clubhouse. However they realize that they do not have the funds to purchase the wood. To solve this financial problem, they attempt to take out a loan.
Kevin asks Oscar questions about how he can use the money received from a loan, and Oscar states that it would be fraud if he didn't use it for the stated purpose. Kevin visits the bank to get a loan for his ice cream store, but he is turned down because his business plan is not convincing.
The Secret Millionaires Club learns why it's important to be responsible and illustrates through an example with credit cards.
Watch Warren Buffett’s Secret Millionaires Club on the Kid Genius channel on Xfinity. Visit SMCKIDS.COM for webisodes, comics, games, and more!
Mr. Dawes Senior and his directors try to convince the children to deposit their tuppence in the bank when Michael says he would like to use it to feed the birds. This musical number explains banking concepts such as interest and depicts the tactics of banks.
The Secret Millionaires Club learns that borrowing money to grow a business can be a good thing but only if the correct amount of money is borrowed.
Watch Warren Buffett’s Secret Millionaires Club on the Kid Genius channel on Xfinity. Visit SMCKIDS.COM for webisodes, comics, games, and more!