MrBeast reveals why he is creating his own Bank called MrBeast Financial
"Yeah, people saw the trademark we filed. It was literally there was a tweet with 30 million impressions and it started going crazy."
I get news NBC literally covered it. You can throw it up on the screen yesterday on national television. So people have been talking about "is MrBeast launching a bank?
Is MrBeast launching a bank?"
"Yes, um, I- uh we deal a lot with money in our videos and I actually have this fun story of when I was younger, there's this YouTuber called WoodysGamertag. He was a Call of Duty YouTuber, but, you know, when I was younger I loved Call of Duty, but this guy would also give life advice while talking over Call of Duty."
"And so I was watching him for Call of Duty, but he was like weirdly giving me life advice. And one time he did a video of his investment portfolio and he showed uh- 'cause he's older- showed how money he invested when he was younger turned into a couple million dollars and he showed like the power of compounding. And I remember when I was like 13, I was like "What?"
"He- he put like $10,000 but that turned into like $100,000 and and then he kept doing that and turned into millions of dollars."
"And it like blew my brain! I never, I mean, I'm sure obviously I would've learned about compound interest and investing later, but this guy who was playing Call of Duty and I wasn't even watching him to learn about finances ended up teaching me a lot about investing and kicked off a lot of my passion about just, you know, building business and things like that."
"And so I think it would be fun to start weaving in more, um, you know, tones in our videos where we educate people and probably also on a separate YouTube channel since not all of it would fit on the MrBeast channel, but educating people on investing and showing them "what is a Roth IRA" and just like taking my younger audience through a similar experience I had with Woody back in the day. You probably could find that video where he talked about investing."
"Um, and so I'd love to make financial..."