Thanks for the great comment, you sound like a financial planner of repute. Although I mentioned that your retirement income should be equal to your last salary drawn, I did forget to mention the inflation part. Your retirement amount should be invested in a way to cope with the consumer price index. Inflation is a slow killer.

I liked your strategy and wish you all the best, the key to achieving your goal is discipline.

Thanks for your appreciation for this post. I am always open to new strategies and ideas but this planner I was listening to, was in a different world.

Take care and cheers.

Robin, I’d love to retire young so that I have all the free time to do what I want. To do that, I have to be financially rich – and not just financially free. Once, I was having a rough time with cash flow and I stopped all forms of savings and investment. There’s nothing I can do. That was a stupid thought. Saving and investment has a compounded effect no matter how small the initial effort is. By inaction, I’m slicing my financial throat.

My new found strategy is to have residual and passive income, short and long term saving, investment and last but not least, simplify my lifestyle. This strategy will work even if I’m retired. How to get these 4 aligned and balanced will be my challenge for 2008.

This post is by far my favourite of your 2008 entries. I believe you won’t waste time listening or attending that speaker’s future seminar.