Retire Young- You Can Do It!!

Early Retirement or mandatory, we should have a plan .
A written plan that lay out the steps to be taken with specific dates to achieve it by. A plan that will enable us to rnjoy our golden years to the fullest- being financially independent, physically fit, mentally prepared and emotional exhilarated.

Why Retire Young ??
- The best thing about retiring young is that it allows us more time to live our way, doing what we have always wanted to do, as and when we intended to do .

When to Plan?
-Early, Right now !!

Save & Invest
-Most people can appreciate the importance of saving and investing eary for their retirement, but however the pressure of consumeristic society that we live in make the plan difficult.
-People constantly have to choose between spending the money now and saving and investing for the future.That is why having a clear goal and action plan is very important.
-If you make more money but spend even of it, you will never make it, instead it will create more debts will will eventually erode your income that you will earn in future.

Life Purpose
-Retirement is no longer a function of age, it is the function of affordability. And money is time in a foldable form.

A true Fact
-Many however are trapped in a huge mountain of debts which do not permits them from retiring early and most of them spend their entire life repaying debts.

What is the Most Valuable Asset You Own?

Is it Your Car?


- Suppose that it's totally wrecked , how much would the total loss be?


Is it your Furniture?


- Suppose that it's totally ruined, how much is the replacment cost be?


Is it your House?


- Suppose that is it burned to ground, how much would you require to built the house again ?




Is it your Properties Investment?




- Suppose that your Investment suffered a wipeout, how much loss would you incurred?




Is it your Stock & Shares?




- Suppose that your stock dips to a rock bottom, how much would you suffer in loss?




All the above things will not exist without your presence and your expertise!




YOURSELF




- Suppose your earning power is destroyed, how much would your lost income amount to $$$$$$???????



Assuming you are retiring at age 65 and your current age is 26, and your monthly income is RM1,000, your potential income earnings would be RM 468,000.



Just imagine if your income is RM 5,000, what would your potential earnings be?

Have You Written a Will ?

Do You Have A Valid Will ?

1. If your answer is NO, please read on.
2. 9 out of 10 adults in this country do not have a Will? - Some even don't know what a Will is?
3. Most assume that it is inconvenient, expensive and the process is too complicated. Some are afraid to even think of death.
4. But without a Will, the delay in processing your estate may cause hardship to your loved ones.

Why Write a Valid Will?
- to ensure that your assets go to the rightful beneficiaries
- to prevent disputes among beneficiaries
-to have someone in charge
-to prevent costly and long legal process
-unlock frozen assets in a shorter period -appoint guardian for your children
-peace of mind

If a person dies without a Will, the estate shall be distributed according to Distribution Act 1958 ( Amended Act 1997)

-Will need to apply for Letter of Administration
-Administration Bond is required
-2 Sureties required