I want to share an interesting video before starting on the blog proper. There is a lot of wisdom in this 5 minutes video clip and, unless we are born with a spoon made of some precious metal in our mouth, everyone, especially the young, should watch it. 1. Delay gratification (i.e. discretionary consumption), 2. understand the danger of taking on too much debt, 3. save money (that is what 401K means in USA and, for us, it would be the CPF and SRS), 4. start investing early, 5. let time and compound interest work their magic! We are responsible for our own financial future. This blog is in response to a recent comment from a reader: ......