An email from another reader in his early 20s.

This email just came in this morning and is part of a string of email exchanges. It was a happy coincidence seeing how I just put up a blog post earlier regarding another email which I received from a reader in his early 20s too:

Hey AK, anyways i would like to take this opportunity to thank you for ur efforts to keep the blog updated. appreciate the time and i feel your posts are very enriching. Im only 21 this year :) been speculating in shares with my sibling's account.

Most of my friends are spending alot, sometimes i dont feel that im in the same league as them, im thinking stocks, investments, property and most of them are clubbing.. haha..

By the way, what do you do for a living?

Do you think 2011 will have as many investment opportunities than 2010?

My reply to the last question which I would like to share with all my readers was:

There will always be investment opportunities. Will there be more or less? I don't know but I think that is not important. Why? If there are more, could we take advantage of all of them? If I could identify a couple of opportunities and make money of those, it should be enough for me.

A letter from a reader in his early 20s.

I received an email from a reader in his early-20s.  I was very pleased to read it as this is one of the things my blog hopes to do and that is to be a positive influence in the lives of ordinary people, encouraging them to save and invest for a more secure financial future. I am sharing the email here and I hope it would encourage younger readers to plan early and be financially prudent:

:) Read your posts, about financial planning. I realised that in recent months, i have pay for focus on the need to grow my money, even though it may be just 3000/year. I used to spend a lot, sales mean must buy. Now, i focus only on spending for trips to get the experience, and less shopping. Other than that, i did not spend much, and even find reckless spending, and credit buying quite disgusting.
travel means saving on accomodation through hostel or couchsurfing.

Aiming to save 50% of my salary, ex-CPF. 2600 salary, save 1k/month, 500 monthly expenses, 300 to parents, and 200 for whatever bills/medical expenses.

i think the current generations, not a lot of people focus on saving.... with my friends spending on branded stuff. haiz.