An Introduction

Here I am again, another attempt to publish a blog. Believe me, I’ve done this a few times. Couldn’t make it a routine to come back that often and publish new things.

So, I thought to myself, how do I make this a habit and publish something beneficial. I thought to myself, let’s find a theme to write about. Then it came to me. Why not write about the topic that I love dearly? Why not talk about… Financial Freedom!

The topic Financial Freedom has been at the forefront of my agenda for quite some time now and I’ve dreamed about promoting the idea of Financial Freedom to everybody. To be more specific, I want to introduce this idea to the Malaysian Nation. To be even more specific, the malays! I’m a Malaysian and a malay myself. Based on what I know and read, I am astounded by the financial literacy rate of Malaysians. Is it because of laziness? Is it because of the habit of being ignorant? Or is it because of pure idiocy? Well, for now, I have no idea. I believe it is because of ignorance.

Personally, for myself, I am on a journey of being financially free. Thus, in this blog, I will share with all of you my ideas on how to get there and the obstacles I faced in getting there. Bear in mind, even though my theme is financial freedom, it doesn’t mean I will be talking about everything finance. I will talk about a lot more things. About my take on life, about politics, about philosophy, and so much more. Basically everything that I faced in getting from point A to point B (point A being now, point B being financially free).

Now, let me explain to you what is Financial Freedom. It’s simple really. It’s about getting your finances straight. It’s about deriving passive income from your investments or business or both that exceed your total expenses. What is passive income you ask? Well, look at this way. When you work, you earn a salary right? That is active income. Passive income is when you earn the money without having to work for it. For example, you buy a house and rent it out. The rental money you get from it is passive income. So, being financially free is about having a higher passive income than your expenses. Thus, assuming your passive income per month is $10,000.00 and your total expenses per month is $8,000.00, then you are financially free! Without working, you are able to earn an income that exceeds your expenses.

However, rationally, you do not want to only earn a passive income to match your expenses. Of course, logic tells us you want to have a higher passive income to have a better lifestyle. To go for the twice-a-year holiday. To purchase a new car every two years. To establish a charity foundation. The list goes on…

Well Nadlique, how do I get there? There are actually a lot of ways to being financially free. Some are legal, some are illegal, some just take a short time to achieve, some take years to materialise, some are Halal, some are Haram. In this blog, I shall share with you the methods that I use.

Just understand that being financially free is not an overnight thing. There are ways where you could be financially free in one day but well, I don’t think that’s the best option. For me, being financially free is something that takes years and a lot of patience to materialise.

Just a disclaimer, everything that I share with you, the final decision is in your hands. Don’t let my opinions cloud your judgement. If you want to invest your money or start a business, consult professionals!!! I can never stress this enough.. Consult the experts! Please refer to the disclaimer below:

“The information on this site has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on the information on this site, consider the appropriateness of the information, having regard to the individual’s objectives, financial situations or needs and, if necessary, seek appropriate professional advice.”

Alright then, stay tune for my next post…

About nadlique

This blog is about the journey of a 28-year-old Malaysian towards financial freedom. This blog was started back when the blogger was 21 years old. However, his journey towards financial freedom had begun way before that. Materials such as investing, business, entrepreneurship, equities, and real estate are presented. The author also posts his thoughts and observations on life in general.

Comments

  1. Hi Nadlique,

    The truth is, I have never really bothered about my finances, tho’ it does worry me sometimes and I’ve had a few sleepless nights thinking about it.

    I suppose you could say that I am ignorant!!!

    But I must say that I am attracted to the idea of passive income as you mention here. I wish I could have a trusted personal advisor on this things… hey, bila nak graduate, get married to my niece, balik KL and become my nephew so you can become one??? 😉

  2. Hello :),

    Now, how did you know about your niece and I? Haha. When it comes personal finance or investments, I might be able to give you a tip or two but really, I’m not an expert or anything 🙂

    Anyway, talking about ignorance, one might say ignorance is bliss, but one can also argue that ignorance may lead to catastrophe. However, the good thing is, it is always never too late to start 😀

    P.S. I’ll be graduating sometime around next year (I hope). By the way, your niece sends her regards 😉

  3. Another thing, I never thought people would actually read my first post here. Haha.

  4. haha… how did I find out bout you and my niece? I ni dah tua… ikan dalam air dah boleh agak jantan or betina!!! I am also a Scorpion which means I am a good mystery solver!! hehe… hope you don’t mind me knowing your identity??

    Oh good, you’re coming back next year. Nadia too? Are you guys planning to work there first or come straight home?

  5. ok..this message meant for myheartbleeds. I came to your blog through here, read your “8 Random facts about myself” I thought it was funny. Can’t find a place to leave you my message…so Nadlique, if you don’t mind I do it here.

    My brother had his 100 facts about himself and was funny too. I tried to have mine, failed – lack of creativity.
    🙁

  6. @myheartbleeds

    Eleh, konon Sherlock Holmes lah tu. Haha.Nope, I don’t mind at all. Just don’t divulge to others on the web yeah? 😉

    Most probably we’ll both go back to Malaysia for a lil’ while for a holiday and perhaps do a little “Here Comes the Bride, Here comes the bride” (Hint Hint, hehe), and then perhaps return to Australia and work here for a year or two.

    @Jean

    I don’t mind at all 🙂

  7. nadlique — that’s great news!!! ok..ok.. my lips are sealed!!!

    jean — you can’t leave a comment? how come meh? anyways, thanks for visiting my blog!!!

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