You are both good with money, but don't overextend yourselves.

You know James, my family and friends often ask why, after more than 40 years of answering people's questions on TV, radio and in Money magazine, at the age of 70 I still enjoy doing this.

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The answer is that I love hearing people's stories and having a crack at answering their questions. Sure, I don't get a lot of information in a hundred or so words, but I feel that I get the essence of what is happening in people's lives.

We all have different challenges with our personal finances. There are many ups and downs in life and one way or another, money plays a part. This is normal life. I try to answer based on the practicalities of money, but I also try to bring my own experiences to the story.

So, your story made me smile. It is not often I hear from two 24-year-olds who have purchased their first property and are planning their next acquisition. What I also enjoyed is that you added a bit of colour for me - your three-year-old Border Collie. Let's chat about that later.

Hearing from your generation gives me so much pleasure. Our kids are in their early to mid 30s, and much to our son's alarm, he is nearly 40. We have four grandkids, all under six. Despite starting small investments for them, and the older three are now quite interested in their bank account, for them money is just something to be converted into toys.

What I much enjoyed about your email was that at 24 I was yet to meet my wife, Vicki, and a bit like my grandkids, I saw money as something to be converted into goods, in my case, beer or golf balls.