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Originally Posted by MTG#10
So there's an app for iphone and android called "Musical.ly" where kids lip-sync to songs and if they're good they get fans to subscribe. My boy has always had little girls after him but since he started doing this a couple weeks ago he's already become somewhat famous in Musical.ly land. He even has groupies, and a couple little girls have their profile pics as them kissing a picture of him they apparently printed out.
Basically the way it works is you can add money to your account and send it as "gifts" to people you like. He has been getting so many "gifts" that he's now cashed in for a total of $1000 and he says he almost has enough to cash out another hundred. I didn't believe him until he started Paypal-ing the money to me for me to withdrawal for him. I told him that he can spend some but he's going to save the rest. He obviously didnt like that idea and now he's giving me the silent treatment.
Has anyone here had a young child that started making a decent amount of money, and if so how did you handle it?
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Quote:
Originally Posted by Chiefspants
I don't know of how handle the parental side of this (a mandatory 50% to savings/college fund/investments would be my advice).
However, this app is HUGE with my 6th grade technology students - it's great to know I've been encouraging them toward something with legitimate capital potential.
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These are the two components you need to build a successful pyramid marketing scheme. CP could have new servers in a couple months.