A recent report revealed that a Malaysian doctor working 70 hours a week still cannot afford a decent home. Against skyrocketing property prices and a rising cost of living, the story is no isolated case: even professionals with “stable” careers are struggling to own a home. But according to Faizul Ridzuan, CEO of FAR Capital, the real problem isn’t income, it’s financial education.
Faizul explained that many of FAR Capital’s clients are government doctors and medical professionals, a group that typically earns modest pay of below RM5,000 per month. More than 90% of them today own a property, with many of them owning more than one property.
The trick to this is to:
1. Learn to find below market value properties that allows them to own the property using no capital or money.
2. Buy properties at the right price, with versatile utility and gave them options such as:
– Rental income
– Own stay
– Sell it at a profit at a later date because you you bought it below market value.
– Buy properties that can be used whether you are single, married or have a few kids as the layout of the property is flexible enough to support your lifestyle needs for the next 10 years.
One example is Dr Amir, a FAR Capital client who transformed his finances after seeking guidance. “I used to think that because I’m a doctor, I’d automatically be able to afford property. Instead, I was drowning in commitments. FAR’s system taught me how to clear bad debt, leverage properly and finally buy without financial strain.”
The other example is Ismail, who is a bachelor working in Singapore but staying in Johor Bahru, who rents out four bedrooms out of his five-bedroom condo in JB, and the rental he collects from the four rooms is enough to cover the property ownership expenses and today he is staying for free.
The other more extreme example will be Dr. Tarmizi, who had over RM300,000 in personal loans and at one point, struggled to buy KFC to eat. He purchased one property that paid him over RM300,000 cashout, and used it to clear all his personal loan debts allowing him to lower his monthly commitment by RM4,000 per month.
FAR Capital’s case studies show that with the right guidance, many government doctors have successfully bought their first homes and, in some cases, even expanded to multiple properties. “It’s not that they can’t afford to buy,” Faizul added. “They simply haven’t been taught how to buy smartly. Most doctors especially buy the wrong property because they are too busy to do research to find the right ones because they work 14-18 hours a day.”
FAR Capital teaches ordinary Malaysians how to move from financial chaos to property ownership through the company’s structured approach to money management and debt reduction.
To help more Malaysians take control of their finances, FAR Capital will host FIRE, a two-day event teaching the proven 3-stage roadmap to build RM100K+ savings, eliminate bad debt and achieve financial independence, even starting from zero. The event runs on 25 October (Malay) and 26 October (English) so participants can attend in their preferred language.
If you dream of being like Dr.Aimir, Ismail or Dr Tarmizi, visit FIRE Official Website.
