After graduating from a foreign university 6 years ago, Mr. Robert worked as a web designer at a small local advertising firm. After few years of hard work, now he became a specialist. With the high salary, he bought a new house this year and started to develop an investment portfolio that works towards achieving his life goals which as follows:
i. A retirement fund that will give him RM10,000 a year until the age of 60
ii. Accumulate a business capital of RM300,000
While he is enjoying his high income, he had lost control of credit card spending. He found that he had the following liabilities:
The minimum repayment of all their debts forms 40% of his gross income. After going through his last 12 months credit card statements, he found the following scenarios: