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Published 13:51 11 Apr 2014 BST
Updated 13:58 11 Apr 2014 BST
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Graham has come up with a fantastic way of fundraising
To date, he has made 8,000 bracelets raising almost $10,000, to be donated to Children's Hospitals and Clinics of Minnesota.
"I want to do this so that kids can get better," he told Yahoo.
According to CBS Minnesota, only five other children in the United States have the same diagnosis as Graham, and at the moment, this type of cancer is incurable.
Cheryl, Graham's mother said that while "it's hard and sad", Graham is "good at the moment", as he prepares for a Make-A-Wish trip to Hawaii where he plans to swim with dolphins and take surf lessons.
A Facebook page called Graham's Gift helps Graham to sell his bracelets and his older sisters helped him set it up.
Each bracelet sells for $1 and features a yellow bead which signifies the fact that it is made in aid of cancer research.
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