At 15 years of age, singer/actress Miley Cyrus is already a multi-millionaire. She is easily one of the wealthiest teens in the world today. In fact, she is expected to go completely past the title of millionaire and be a billionaire before the end of this year. For somebody who has only just turned fifteen, this is nothing to sneeze at. The Disney magic has made superstars of many children over the years but none have been as big, as young as Miley Cyrus. She has a hugely popular Disney show, Hannah Montana; her first concert tour was sold out across America, causing parents, tweens and teens to camp out for tickets and even pay upwards of $2000 for a single ticket. Now, young Miley has cut a seven-figure deal with the Disney Book Group to write her autobiography.
An autobiography at the ripe old age of fifteen? How much can there be to write?
I suppose the real question is, if she can get a seven-figure deal for an autobiography at fifteen, what will part two be worth when she is twenty? Part three? Part four?
What does one do with that kind of money?
Miley’s mother Leticia, “Tish”, says that “A lot goes into her investment fund, which she can’t touch until she’s 18.”
This brings me to another logical question:
Does an eighteen-year-old know what to do with that kind of money?
If Tish and Billy Ray didn’t have the sense to stop their little girl from becoming a pinup for pedophiles at the tender age of fifteen, will they have the sense to teach her how to properly manage her money and her life so as not to become an alcoholic or drug addict before she makes it through her teens?
Today’s billion dollar babies could be the broke-down reality stars of tomorrow.
Think about it.