Roadmap to Financial Freedom

Whilst spending a leisurely weekend in Malaysia I came across an article which is quite funny (to me). Someone, let's called him "FC", a financial consultant related his response to a man, let's just call him "M".

M and his wife are both 38. M is a freelance management consultant whilst his wife is a manager. Both work very hard and travel a lot. They have 3 children ranging from 4 to 13. M wants to retire at 43, ie. in 5 years time because his very stressful career has caused him various health problems. M earns about MR300K a year whilst his wife earns about MR 96K a year. Their financial assets totals about MR 1.6 million and the networth of their property is around MR 400k The family's expenditure is around MR72k a year (see Msia's cost of living is really quite low).

Hmmm... this is the best part, M wants to retire at 43 whilst his wife will retire at 55 (wah what kind of husband is this?). They also want to reserve MR500K each for the couple's medical expenses and MR200K for their children's education. The question M posed for FC is whether he can retire at 43 assuming the couple's life span is 80.

This FC guy has a software called "Roadmap to Financial Freedom" (RFF). After inputing the data into the RFF, FC concluded that M's financial reserve will run out by the time he reaches 65. In order for him to retire at 43, M must work doubly hard to increase his annual income from from 300k to 600K for the next 5 years to make his wealth lasts until he is 80. (But he would probably spend the additonal income on medical costs- my own words hahaha) FC suggested that M compromises to retire at 48 instead. He can slow down a bit , ie earn MR250k a year instead of MR300k (slow down by 1/6th??? how???)

And then FC comes out with a better alternative ( I really love this) FC asked the couple to explore the option of the WIFE RETIRING NOW instead to take care of the children. He said if the couple can increase the return on their investments from the current 5+% to 8+% then the wife can retire now. The couple says that can be considered!!!( Huh my dear Mr and Mrs M, does the letter R for Risk exist in your dictionary?)

So, FC and Mr and Mrs M finally reached what the FC calls the OPTIMUM ROADMAP TO FINANCIAL FREEDOM which amongst other details include:

1) Restructuring their portfolio to increase the expected ROI (return on investment) to 8+%

2) M will slowdown and earn MR250K a year for next 10 years instead of MR300K a year ( ie. work 15 hours instead of 18 hours a day assuming the poor man only sleeps 6 hours a day- my own comments )and

this is lovely
3) Mrs M can stop work now to look after the children (even though it was Mr M who needs to retire early due to health reasons?)

and I also really love this concluding remarks from FC:

"By following their optimum roadmap to Financial Freedom, M and his wife discovered that the price to pay for M's early retirement was too expensive and it was at the EXPENSE OF M's health.....(huh?)..they know that M can take it easy in his current business (reduce work by 1/6 ?) and DOES NOT NEED TO RUSH INTO EARLY RETIREMENT...They can also afford to have the wife STOP WORKING NOW...They can really feel the sense of financial freedom now ( who "they" you mean her ? )...In short they have now become the master of their money and have not let money decide their lifestyle (poor M I wish you all the best).

You want to know my advice? All you woman readers if you wish to have access to FC and his wonderful RFF software, let me know and I will give you his details so that YOU can achieve financial freedom whilst your hubby works till he drops like what all men should. 3 cheers to FC!!!