A letter from a Gen X to Millennials and Gen Z

By Randell Tiongson on July 27th, 2023

Dear Millennials and Gen Z,

As a Filipino Gen X who has navigated the ever-changing landscape of personal finance, I want to share some valuable advice with you to help you secure a stable and prosperous future. I understand that the financial challenges you face today may be different from what I experienced in my time, but the principles of sound money management remain timeless. Here are some key pieces of advice to consider:

Start Saving and Investing Early

One of the most significant advantages you have is time. Start saving and investing as early as possible, even if it’s just a small amount. The power of compounding can work wonders, and the earlier you begin, the more your money will grow over time. Cultivate a habit of setting aside a portion of your income for savings and investments before spending on non-essential items.

Live Below Your Means

In a world filled with consumerism and materialism, it’s easy to succumb to the temptation of living beyond your means. Avoid falling into the trap of unnecessary debt to finance a lavish lifestyle. Instead, practice frugality and aim to live below your means. This approach will give you the financial freedom to pursue your dreams and weather unexpected financial challenges.

Educate Yourself on Financial Literacy

In today’s information age, educating yourself on financial literacy is easier than ever before. Take advantage of the plethora of online resources, books, and seminars available to learn about budgeting, investing, and personal finance. Arm yourself with knowledge and make informed decisions about your money.

Build Multiple Streams of Income

The job market is evolving rapidly, and job security may not be what it once was. To safeguard your financial future, consider diversifying your income streams. Explore side hustles, freelance work, or entrepreneurship to create additional sources of income. Having multiple streams of income can provide stability and open up new opportunities for growth.

Prepare for Emergencies

Life is unpredictable, and unexpected emergencies can disrupt your financial plans. Create an emergency fund to cover at least three to six months’ worth of living expenses. This fund will serve as a safety net during challenging times, preventing you from falling into debt when faced with unforeseen circumstances.

Avoid Comparison and Keep Your Focus

In the age of social media, it’s easy to fall into the comparison trap, feeling the need to keep up with others’ seemingly glamorous lives. Remember, everyone’s financial journey is unique, and comparing yourself to others can lead to financial stress and poor decision-making. Stay focused on your goals, and don’t let external pressures derail your financial plans.

Seek Professional Advice When Needed

If you find yourself unsure about certain financial decisions or investments, don’t hesitate to seek advice from financial professionals. A certified financial planner or advisor can provide personalized guidance and help you develop a solid financial strategy tailored to your goals and circumstances.

Remember, financial success is not measured by how much you earn, but rather by how well you manage and grow what you have. By adopting these timeless principles of personal finance and leveraging the unique opportunities of your generation, you can build a solid financial foundation for a bright and secure future.

Wishing you all the best on your journey to financial freedom!


A Filipino Gen X

Join a life-changing event that will help build you a better future with Carlo Ople, Jayson Lo, Garett Maralit and myself — Build Your Future 2023! Details HERE.


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A letter from a Gen X to Millennials and Gen Z