Sean: Where can I spend my money if I'm 13 years old?

And if you're 13 years old, save it up, dude. I mean, if you have money as young as now that you've saved up. When you're as young as 13, the behavior is more important. The behavior, the mindset is more important because you're not yet worried about a lot of responsibilities if you're living with your parents. So just save as much as you can so that when the time comes when you have to support yourself, you have to support a family, you know how to save. You have that discipline, that behavior, and that mindset already with you.

Money is all about behavior. Just as business is all about behavior. Most businesses close down 9 out of 10. It's not because of the economy. It's not because of the pandemic. It's because of behavior. A lot of business owners, the behavior is let's wait it out. March 2020, it’s ECQ, let's wait it out. Let's just wait and see. The government says, oh, by May or by June, we’re already okay, we're going back to normal. What happened? In May and June, nothing was normal. And those business owners are still in a wait-and-see mode and they've been bleeding out. It's a behavior problem. And finally, they closed business because they couldn't bleed out further.

But those businesses that have the behavior of, we can't wait this out, we have to do something right now and pivot, they're the ones actually thriving right now. So business is all about behavior, just as money is about behavior. And when you're young and you're still in your formative years, I'd say 13 to 20 years old, it's still quite formative, although independently formative, rather than parental formative. So your parents aren't influencing you as much now when you're a teenager, all the way to when you're 20.

You're being influenced and you're solidifying yourself, your identity, and your behaviors during these years. And so I'd say save up. Make sure to solidify that discipline that you can save money and you can say no and deny yourself some things that you want to buy. How about you, Toni? What's your take on this?

Toni: You've said it all. When I was still, I wasn't even thinking about where to save yet and all. Actually, no. I posted a video back then of me making a video about how I budget my 20 peso allowance. So if you guys haven’t watched it, go ahead on my TikTok, you'll be able to see it. I was 10 years old and I was showing my 20 peso bill. And yeah, during that time I was already learning how to budget.

Wow, at 13 years old. Okay. So if you're thinking about it now, then definitely in the years ahead, you'd be able to establish yourself. You'd be able to learn how to manage your money better because you're already thinking about that as early as now. It makes me proud.

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