Start them young.

My boy Jack who is 10 years old wants to www.pgl.co.uk (AKA parents get lost) next year with school and it's going to cost £230. 

So what Liz and I have said to Jack is that he needs to make the money to pay for it so he has decided to set himself up in a little business buying in stuff and selling it on to make a profit. 

We will lend him some money to start him off to do this but I think this will be very interesting for him. 

He loves programs like The Apprentice so over the next few months he will be learning so much so I will be posting up dates about what he is up to and his progress. 

I think this is very important for him to learn about the life skills of how to make a profit and most of all the value of money, as many children just think money grows on trees.

The thing is even if he does not make enough money the bank of mum and dad will kick in and pay for him to go but don't tell him I have said that!

Jack has now got an online shop on his website that I have helped him to set up thanks to Amazon. He is also looking at buying products to sell to his friends and family.

Jacks website is http://www.jackrh.co.uk/