Personal Finance for Kids

A couple of days ago I mentioned that I thought it would be a great idea to start a merchant account for young adults. My thinking is the sooner individuals start seeing money coming in the better. I don’t know the magic age when parents might encourage a merchant account-is it age 12, 16 or your first year of college? That’s to be determined by the situation and the parents. But I think it’s a very viable idea. One of my favorite reads is called Venture Bog and guess what he has done with his 8 year old-He helped his son with the typepad account, domain name and the moral support-I love this! The story is entitled Company Building For Eight Year Olds.
Let’s hope this is the wave of the future for future generations to break the addiction of debt!

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