You Can Never Be Too Young Or Too Rich

by: Larry MacDonald

Move over financial bloggers, there is a new kid on the block. And I mean kid -- as in a 12-year-old by the name of Paris Spence-Lang. He has started a personal finance blog at FunnyMunny.ca as a first step toward his goal to become a financial advisor.

The writing and advice are surprisingly mature for a 12-year-old (but then Paris is in the gifted program at his school, as the Vancouver Sun reported in their Feb. 10 article on him). Recent advice dealt with how to raise funds for charity, the need for a couple to have insurance, and how to get the best mortgage.

Paris has already saved up $2,000 toward his dream of buying a house at an early age. Indeed, in one post, he lists “steps to take to help you achieve a house by the time you're 15.” They include: saving 50% of your income, babysitting while doing your homework, getting a job when you reach the legal age of 14, and “co-buying” with someone else.

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