sorry but I don't really agree that everyone should think this way.

if everyone thinks that way, then a child wouldn't want to study because he thinks he will die tomorrow and want to enjoy playing only today.

the keyword is know your FIRE target and just delay gratification until you achieve the target.

FIRE requirement for everyone is different based on the lifestyle they want.

Delay gratification is not asking you to scarifies your health and happiness in life but understands that you need to make a decision whether to enjoy those "nice to have" for a short period now and suffer later for a long period or vise versa.

I always remember money is unlimited but everyone only has 24 hours a day.

There is this story which I will like to share:

Mr. A has developed a business which can run automatically without his involvement for 85% of the time. Mean one week he only needs to work one day. That one day work per week business generate nett income of RM100k per month.

As time goes by, in order to grow the business to generate RM200k per month, he needs to hire employees. But there is a problem, after he hires the employees, he needs to manage them. He realized that his time attachment with the business will be more, from 15% to 35%, as he needs to manage those employees.

After careful consideration, he doesn't want to sacrifice his 20% time just to get that extra RM100k per month nett business income. So he decided to sell off his business as the business has reached a point where either go through expansion or slowly lose out competitiveness.

After that, he gets many business investment offers and he always use the same principle to analyze all the offers, which is time attachment. He doesn't want a job, and a business that is attached with his time is a job.

Your lifespan = free time + indentured time. Value your time poorly, and you will be poor. Real wealth is having a system that generate income with passage of time, and yet is exclusive of your time.

This post has been edited by skty: Oct 21 2024, 02:21 AM

financial advisor in investment banking... the income will be depends on the bull and bear market cycle.

good time may get 2 years bonus, bad time may get 4 months bonus.

so best to use bonus as saving and investment purpose rather than paying fixed monthly liabilities.

My own perception : in this world there is no such thing as FAIR.

With this mindset, I have less complaint compare to before.

Less time to complaint, more time to action. At the end, I am the benefited one.

the things I spend on now are the same as when I started working 15 years ago.

I maintained the same lifestyle throughout the 15 years even though current income/revenue/profit/what-ever-you-called-it multiplied compared to 15 years ago.

ya. Not marry yet.

yes. Same lifestyle doesn't mean expenses never increase.

one bowl of noodle price also not same already.

nah. Company provide car so I drive the same car until they change again for me.

are you trying to say that poor people cannot live healthily? since you associate healthy aging with a lot of money spending.

or is just you trying to comfort yourself?


just do what we can control - which is eat moderately, drink plain water, sleep enough, exercise body and brain, stay away from high risk danger zone/thing.

the rest - leave it to god.

gaji 4 digit but hitting 8 digit net worth?

how old are you? near retirement age?

RM1200 is quite tough. I think we can just use the minimum salary set by government as benchmark.

so far now, need RM1500 per month.

even based on this list, many can still be cut.

some people can do with motorcycle, don't need a car.

some people can do with public transport or bicycle.

some people can do without a phone or computer.

when reach that stage, one will eventually know where to cut.

This post has been edited by skty: Dec 25 2024, 07:20 PM

imagine SG also minimum 4k.

depends on sector.

some less some more.

average is around 3.5k.

depending you are satisfy with your life or not.

because if you compare to the mass, consider doing OK.

but if you are ambitious and want to compare to the elite, there is room for improvement.

but everyday eat roti and nasi lemak won't bring you to the elite.

your income is from active salary that is attach with time, this can't bring you to elite.

there is nothing wrong of not reaching elite, it depends on what you want.

This post has been edited by skty: Feb 25 2025, 05:18 PM

There seems to be a lot of skepticism here.

Often, casting doubt on others' achievements can stem from our own discomfort or self-doubt.

Regardless of the accuracy, it's wise to approach such claims with caution

the question should be money you saved is it currently working for you?

if yes, what is the difference of the current generated return VS the house price surging.