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 FI/RE - Financial Independence / Retire Early, Share your experience

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TSmeonkutu11
post Jul 3 2018, 01:29 PM, updated 5y ago

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All, there are active communities in oversea that working on FI/RE by hard saving, investing and living below our means.
For sure there are also FI or already RE people in here.

Appreciate to share your experience; Pre-FI/RE and Post-FI/RE life.

Thanks

#I’m working towards FI/RE and currently saving/invest 50-60% of my monthly salary. (On top of this around 20-25% spent for commitment like ASB loans and properties).


I like to hear sharing from all who working towards FI/RE so we can learn in term of planning, lifestyle, achievement, obstacles and etc.

-Update-

FI/FF is the priority that we need to work on - planning, executions, monitoring and improvement

RE - Decision is yours once achieved FI/FF

______

This post has been edited by meonkutu11: Jul 5 2018, 12:14 PM
hoimangkuk
post Jul 3 2018, 01:37 PM

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Park here...

got interested in FIRE from Reddit but dont know the best way to do it in Malaysia..

this might help me alot
icemanfx
post Jul 3 2018, 03:35 PM

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With about 3% of adults have over us$100k net worth, those with practical experience is fewer than most expected.


ZeaXG
post Jul 3 2018, 04:11 PM

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Also working towards FIRE here. Current saving about 60% of monthly salary plus all of my passive income which is about 25% of salary.

My lifestyle is really boring to a lot of people though.
TSmeonkutu11
post Jul 3 2018, 05:01 PM

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QUOTE(hoimangkuk @ Jul 3 2018, 01:37 PM)
Park here...

got interested in FIRE from Reddit but dont know the best way to do it in Malaysia..

this might help me alot
*
Hopefully those who already achieve FIRE will share their life experience.
TSmeonkutu11
post Jul 3 2018, 05:02 PM

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QUOTE(icemanfx @ Jul 3 2018, 03:35 PM)
With about 3% of adults have over us$100k net worth, those with practical experience is fewer than most expected.
*
Hopefully some of those will be willing to share their experience here. rclxms.gif
chamelion
post Jul 3 2018, 05:05 PM

Back to Bricking
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anyone tried reit?
TSmeonkutu11
post Jul 3 2018, 05:08 PM

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QUOTE(ZeaXG @ Jul 3 2018, 04:11 PM)
Also working towards FIRE here. Current saving about 60% of monthly salary plus all of my passive income which is about 25% of salary.

My lifestyle is really boring to a lot of people though.
*
Great move ZeaXG. rclxms.gif rclxms.gif rclxms.gif

Boring now for happiness and freedom in future. I think it is worth it.

Can you share the financial planning after FIRE, it is will follow 4% SWR or you have your own set of numbers/calculations?

Thanks. Well Done.
jack2
post Jul 3 2018, 05:21 PM

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How to work with FIRE
SetsunaSoon
post Jul 3 2018, 05:27 PM

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I am glad that there are Msian blogs/forum on FIRE.

I am currently working in SG and intends to achieve FIRE before 40 and enjoy life in Ipoh.
I am saving about 42% of my current take home pay and currently taking part-time tuition jobs.

I have been living like a monk, most of the time staying at home smile.gif
ZeaXG
post Jul 3 2018, 05:27 PM

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QUOTE(meonkutu11 @ Jul 3 2018, 05:08 PM)

Can you share the financial planning after FIRE, it is will follow 4% SWR or you have your own set of numbers/calculations?

*
Actually I haven't set an amount for retirement. I just save as much as possible. Right now, I am keeping track of my passive income (which is mainly dividends from shares) to see if it can eventually overtake my salary. Once it's close to overtaking, then I'll see if I can FIRE.


barista
post Jul 3 2018, 05:30 PM

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Cannot just keep all the money. Must invest in health while you are young, otherwise you will not get to enjoy your retirement also.
SetsunaSoon
post Jul 3 2018, 05:37 PM

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QUOTE(ZeaXG @ Jul 3 2018, 05:27 PM)
Actually I haven't set an amount for retirement. I just save as much as possible. Right now, I am keeping track of my passive income (which is mainly dividends from shares) to see if it can eventually overtake my salary. Once it's close to overtaking, then I'll see if I can FIRE.
*
Do you invest with heigher weightage in MREITs?
TSmeonkutu11
post Jul 3 2018, 05:40 PM

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QUOTE(SetsunaSoon @ Jul 3 2018, 05:27 PM)
I am glad that there are Msian blogs/forum on FIRE.

I am currently working in SG and intends to achieve FIRE before 40 and enjoy life in Ipoh.
I am saving about 42% of my current take home pay and currently taking part-time tuition jobs.

I have been living like a monk, most of the time staying at home smile.gif
*
Well Done on your saving rate and passive income.


mind to share what is your age now? Also, what is your target annual income after FIRE (in term of % of current income)?

Keep it up!
TSmeonkutu11
post Jul 3 2018, 05:43 PM

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QUOTE(barista @ Jul 3 2018, 05:30 PM)
Cannot just keep all the money. Must invest in health while you are young, otherwise you will not get to enjoy your retirement also.
*
Agree with that.

Keep up with your health and doing sports also can translate to more live cost saving! Instead of everyday having teh tarik and eating mamak with friend, spend more time in public park, jogging etc.
Its free. biggrin.gif
SetsunaSoon
post Jul 3 2018, 05:48 PM

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QUOTE(meonkutu11 @ Jul 3 2018, 05:40 PM)
Well Done on your saving rate and passive income.
mind to share what is your age now? Also, what is your target annual income after FIRE (in term  of % of current income)?

Keep it up!
*
My current age is 28.

It's hard to say because I am earning SGD salary but my plan is to have about RM3500 per month from my passive income portfolio when I reach FIRE.
I intend to diversify my portfolio by investing in income stocks listed in both SGX and Bursa.
TSmeonkutu11
post Jul 3 2018, 06:54 PM

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QUOTE(SetsunaSoon @ Jul 3 2018, 05:48 PM)
My current age is 28.

It's hard to say because I am earning SGD salary but my plan is to have about RM3500 per month from my passive income portfolio when I reach FIRE.
I intend to diversify my portfolio by investing in income stocks listed in both SGX and Bursa.
*
Good job SetsunaSoon. I believe if you persistent you will successfully achieve your goals.

Keep on sharing Bro.


SetsunaSoon
post Jul 3 2018, 07:01 PM

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QUOTE(meonkutu11 @ Jul 3 2018, 06:54 PM)
Good job SetsunaSoon. I believe if you persistent you will successfully achieve your goals.

Keep on sharing Bro.
*
Thanks for the encouragement bro!

Let us encourage more Msian to join FIRE movement to end this meaningless cycle of rat race through this forum.

polarzbearz
post Jul 3 2018, 07:08 PM

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Just started to look into FIRE after procrastinating for quite a while due to life circumstances plus some excuses. Hopefully not too late yet!
howszat
post Jul 3 2018, 07:57 PM

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QUOTE(icemanfx @ Jul 3 2018, 03:35 PM)
With about 3% of adults have over us$100k net worth, those with practical experience is fewer than most expected.
*

That 3% figure cannot be correct.

For sure, a lot more people have over USD100k (RM405k) net worth.

This post has been edited by howszat: Jul 3 2018, 07:57 PM

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