Guys how much do you think is enough to have a moderate lifestyle in kl with sole passive income?

Assuming a family with 1 or 2 kids and debt free, free from housing loan and car loan.

To me, no amount money is enough. What happen if my kid grow up want to be a doctor? at UK. (RM8 million school fees?)

but have to make sure u're free from any illness...

How to have passive income?

Rental, blue chip dividend.

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Added on August 9, 2012, 2:11 pmWhich mean you cant retire at any age.

This post has been edited by Ansonian80: Aug 9 2012, 02:11 PM

no amount of money is ever enough lol. it really depends on one's living lifestyle

personally think rm2k per month sudah cukup.
but that's just me and my wife.

If you don't have to pay medical bills, and you lead a simple life, it might be sufficient.

if you quote extreme scenarios, any amount of money will never be enough. but if you're a person who leads a simple yet contended life, and with little commitment as mentioned by TS, then you do not probably need that high of a passive income.

2k with medical insurance?
Some travelling? genting /Singapore/hatyai.
Emergency bill eg weeding angpow ?
Astro ?
Medical like vitamin. Chinese medicine/herb ?
sometime mooncake?
Entertainment cinema. Some bir .book
house paint. condo maintenance. car maintenance. house repair this and that. electricity?

Brother. u better target higher

plus inflation every year...

depends on what lifestyle u want.

I would say very subjective.

Depends on one's level of needs and wants.

I've seen a lot of my frds can survive with just an avg salary.

I've seen some got problem in saving despite earning in a higher bracket income.

Like what Taikor Kochin say, 2K is enough for him.

TS,

Interesting topic to discuss but you can narrow down into few more situation and details to ease the discussion

monthly without commitment without loan
i would say RM10k per month minimum for a family.

So every month can go travel around

kochin, sure bohhhhhh??

not rm2K right? is US2K per month for u n wifey

For me 10-12k monthly passive income is good enough to have a moderate lifestyle in kl but some friends told me is far not enough with tat amount. I'm just trying to seek other opinion.

I read thru one article in newspaper last 5 year it said ordinary person need RM4mil to retired, i think now need double...

I think Kochin is saying 2K ( inflation adjusted) each .

So combine is RM4K per month for both of them.

If he really mean wife and him only need RM2k per month. Maybe Kochin taiko need to migrate to Karala town - Cochin.

This post has been edited by tikaram: Aug 9 2012, 07:08 PM

I think RM2k/month can provided only pay astro, phone bill, internet, water bill (selangor folks mostly zero bill) and just pay for foods and petrol.

For me i budgeted 10k pm for me and my wife