Thread: Life my 12 year old son has made $1k in the last two weeks with an iphone app...
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Old 04-11-2017, 04:10 PM   #7
stumppy stumppy is offline
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Join Date: Mar 2002
Location: Springfield, Mo.
Casino cash: $1268590
Quote:
Originally Posted by loochy View Post
this is the kind of economics lesson you need to teach!

ok son, you earn money

you pay a 2% fee for every paypal withdrawl you have me perform

each month $60 of that pays for your business expenses (your phone)

$250 of that goes to uncle sam (donald)

save the remaining half for a rainy day/retirement/college

the remainder is his disposable income
You forgot the 25% managers fee
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