I really appreciate any input and feedback..what should i do to achieve financial and time freedom, i hate to work for other people, and plan to relax or do business by 35 birthday.

Age: 26
Occupation: oil and gas ( 1 year and half)
Marital Status: single with gf.


Asset(s):

House

House 1 - rm 400k (outstanding loan: RM 273k at BLR-2.4% 40 year loan, (monthly installment: rm 1120)
House 2 - RM 230k ( oustanding around 230k, complete by 2013, now paying progressive. blr-2.3% for 30 years)(monthly installment: rm 1101)
House 3 - rm 340k ( Oustanding loan: 237k, monthly installment rm 1010 for 40 years at blr-2.3)

Car (Malaysia)- market value 45k: fully paid
epf: around 10k or less.

Salary: rm 4500 monthly gross

Capital investment:

Precious metal trading/high yield investment (Around 30% per annum: RM200k( capital)
ASB (8.5%/annum): RM 260k( capital)


Investment income:

Rental income: rm 1300 gross/month
Investment income from precious metal trading/stocks/: approx rm 5.5k/month

Liquid Asset/Cash:

Savings/cash: RM 4k


Insurance:
Life and other: rm 1800 a year(not sure what it covers, since been bought by parent since young and now i just continue the pay)

misc:
future inheritance: approx rm 4 million ( 60% property: 40% cash/unit trust)



Liabilities:
Cred card: rm 9k
Housing loan: all 3 house (approx : 3.4k monthly once 2 of the houses complete construction)
gf: rm 700/month
Dad: rm 2000 monthly payback to him because i borrow around 200k interest free cash loan
personal loan: rm923/month for another 10 months

expenditure: around 5k more or less (food, fuel, toll,, entertainment


thx

This post has been edited by rzkb: Jun 6 2011, 09:26 AM

Thanks all for your input and time to think about my post, really appreciate,

Anyway, yes, based on my excel calculation, i am bleeding money, im spending more than im earning right now, too much entertainment and food,

i just got back from the lawyer's office just now to sign the S&P and loan docs for my third property, and suddenly i realize, i will be in deep trouble if things go wrong in my high yield investments,

yes prophetjul and wong, i do have 3 properties, but im just planning to rent the 2 condos and cover the loan and give some profit, and sell the 400k house once the price is right maybe another 4 years i estimate, in mean time, i rent it out. If i need to sell all, i will sell all, the freehokd condo in PJ i can sell within one day, already test market, but i didnt sign the buyer's booking docs..the other 2 props will complete by mid 2013.

i will slash down my food intake, i eat rm40 perday currently, i spend alot to entertain myself and my friends, that one will slash too..
about the 30% return, its a private investment which involve mostly trading, and i do keep the collateral for that so it is not that high risk, since i can liquify the collateral if something happen to the trading..but so far so good, i can exit anytime.

as of the loan of my dad, i can kowtim with him to delay payment, if things not smooth suddenly..

jphlau, this year i will get 4 months bonus, so i will keep that cash for cash reserve..im planning to pay cred card rm 900 a month until finish ..yes i will cut down expenses

michaellee, about the gf thing, basically im part sponsoring her studies and life, already made a deal where i will take any amount of her future gaji whenevwr i like when she starts working, and she happily accepts my condition.

i cincai create my account last time, now already correct....im a healthy straight male

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Added on June 10, 2011, 6:04 pmim just doing everything i can to retire by 35 or latest by 40..

retire in a sense that stopping myself from doing something i dont truly enjoy and to end the constant fear that i may be sacked anytime just because my year end evaluation is not good just because it is not written in bombastic exaggerated way, my politic in office is not up to par, i am not 'visible' enough in the company, new boss change every 3 years which means new target to meet and new stuff to adapt..this is energy consuming and will eat up life

so right now, my target is to struggle all out to get at least 4 million buck by or before 40, with or without inheritance, and just dump it in amanah saham, wawasan, didik, or equivalent, gaining around 6% per annum and just njoy, travel and do good deeds until i die.

This post has been edited by rzkb: Jun 10 2011, 06:10 PM

nope, u missunderstood, i meant want to get that amount while doing things on the side, when i accumulate enough, i can stop office work