In our 2002 book The Motley Fool Investment Guide for Teens: 8 Steps to Having More Money Than Your Parents Ever Dreamed Of, we announced a contest to award a five-year, $1,000 annual grant for the "most eloquent and effective advice on personal finance, investing, or business offered by a teen." Now that the fifth year has ended, it's time to announce the contest results for 2006. Congratulations to our winner, Kenny Lee!
The winning entry
We were impressed by many of the entries, but the judges deemed Kenny's the best. Kenny hails from Monrovia, Calif. Below you can read much of his winning entry, which condenses many important financial lessons into a small package. I've added a few notes in brackets. Share it with any teens you know. Many of us ex-teens could learn a few things from Kenny, too."
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