Jul
29
2010
Entrepreneurial Icon Sponsors Pay As You Go MasterCard
Author: adminIf there ever was a living, breathing model of the American Dream, it might be Farrah Gray.
A self-made millionaire by age 14, Grey is now an internationally recognized and revered entrepreneur and business chief who addresses more than half 1,000,000 people per yr on matters reminiscent of management, personal growth, diversity, business improvement and monetary management.
His latest venture, with First Premier Financial institution and Diamond Financial Products, is the “goFarr” card, a prepaid MasterCard featuring his likeness. The card is designed to increase financial literacy and freedom for those with out a credit historical past or who’re unable to get access to a line of credit.
Because the card is prepaid, there aren’t any interest funds, credit score checks or employment requirements, and in contrast to most pay as you go cards, the goFarr card has no monthly fees. It can be used anyplace debit MasterCard is accepted, including ATMs, and cardholders can use the cardboard to pay payments on-line or get employers to do a direct deposit onto the card.
Cardholders can monitor when, the place and the way a lot they spend 24 hours a day by means of Web and telephone entry to account information. They soon will even get monetary suggestions from Gray via reside chats, podcasts and e-mail discussions.
“After I have a look at the truth that one-quarter of 18- to 24-year-olds are ‘un-banked,’ I see that it is also a problem that plagues low-income individuals of all ages,” Grey said. “This card will be an empowering device that may instill precious budgeting habits and accountable money-administration skills.”
Grey turned an entrepreneur at age 6, promoting physique lotion door-to-door. At age 7, he carried a business card that read “twenty first Century CEO.” At 13, he started Farr-Out Meals, a specialty foods company in New York. He turned a printed writer at 19 together with his monetary self-help guide “Reallionaire.”
“Farrah Gray is without doubt one of the great business minds and icons of his era,” mentioned Keith Byrd, chief operating officer of Diamond Monetary Products. “On the age of 21, he has achieved more than many achieve in a lifetime. To those who grow to be cardholders and are in a position to access financial recommendation from Farrah Grey, you too have the possibility to ‘goFarr.’”
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