Jake Paul is being called out for charging $20 to teach people about finances

17 February 2020, 17:20

Jazmin Duribe

By Jazmin Duribe

Instead of going to college, Jake Paul can teach you how to be "financially free" for as little as $19.99 a month…

Jake Paul is launching the Financial Freedom Movement to teach young people about money and allow them more…financial freedom, apparently. Yep, like his "ex-wife" Tana Mongeau (who recently entered the world of perfumery, btw) Jake is starting a new business venture.

Basically, Jake believes that the education system is "worthless" and only creates more debt for young people. Despite dropping out of school after the 11th grade and completing his diploma online, Jake is growing fed up with education, so the YouTuber decided to take action.

READ MORE: Tana Mongeau and Jake Paul are "taking a break" after six months of marriage

"There's over one trillion dollars in student loan debt," he said in a promotional video for his new business. "And people with outdated educations who can't even get a job for the student loans they took out that now haunt them for life." So, in partnership with GenZ Holdings Inc. – a brand development group – he plans on helping young people build their brands.

Jake Paul of Los Angeles California enters the ring make his boxing pro debut
Jake Paul of Los Angeles California enters the ring make his boxing pro debut. Picture: Rich Graessle/Icon Sportswire via Getty Images

Jake has set up an online platform that will host video content from influencers and business experts, including himself. For a monthly fee of $19.99, you'll learn how to earn money from social media just like Jake. But if being an influencer isn't your thing, you'll also learn some more practical stuff too, like about credit, career advice in a sector you're more passionate about, insurance and loans. The fee will also include weekly group video seminars – who needs college, right?

The movement kicked off on Saturday (15 Feb) with Variety reporting that Jake and his friends put on a huge rally, making it rain single dollar bills over the crowd using cash cannons.

Hm, seems legit. Needless to say the internet had some, erm, thoughts.

What do you think of Jake's new business plan? Tweet us @popbuzz and let us know!