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RE: QUESNEY 21 (Day 2): Money Conversations with Millennials and Post-Millennials
Hey @orangila thanks for the comments! Really appreciate the thought that you put in! No we weren't quite that mature when we were in our 20s but for me anyway, it was a lot different compared to now. I still have to pay for my own stuff and frankly going to Bank of Mum and Dad wasn't really an option!
Yeah... money and income is not only the issue here, but security is. Case and point, for a fresh graduate who use public transport and share a room with a friend have disposable income of RM1500/month after all the expenses. If he spend all of his disposable income and none on security like saving/investment/insurance, he will be okay until something happens to him or his family.
Years ago, I felt sorry for them. Now, I would just educate them and then let them be. Too many times, I have met youngsters who bought high end phones and luxury bags when they are young. And when they meet incidents where they needed money, they would come borrow money from me.
Yes I do agree with you that most of them have no savings and investment. Oh dear! Indeed you don't think of these things until something happens. In fact when I ask some of them in my office, their eyes kind of glaze over and "investment?" Hmm...I love personal finance...looks like this is garnered quite a bit of response and feedback that I think I can continue to write on! Thanks Chris!