[quote=Dd2318,Nov 20 2019, 07:29 PM]

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I think he meant loaded means unlimited amt,... but not too sure-lar,... some UNHWI's I spoke with meant loaded like that-lar,...

Well,... Jho Low is loaded,.. ex-PM is loaded,... these are very good egs.

However,... I think I wouldn't want to employ their tactics of making money-lar,...

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Oh! I see. No need to convince people. Master Sifu generously share financial phylosophy.

I for one believe Master Sifu very 'loaded'...and I mean the proper way!

Thank you n sorry for interrupting. Better than reading financial books n free advice. Where rest of Master Sifu Ramjade n MUM?

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Tks bro,...

Just to add:

If you live well below ur means, doesnt matter how much you earn you are on a right track for ur long term FIRE target.

Doesnt matter even if u earn below 5k or below 10k. I experience myself and i seen others...yeah we talk about being FIRE but most of us cant resist the tempting thought of that hot ‘bmws, mercs, audis or ducatis’ everytime we just started to gain more and accumulate more.

Better ask urself if ur burning feelings is more towards those expensive stuff everytime u make more... u can never be trully FIRE.

But pls dont misunderstood me that i cant drive, own expensive stuffs. When u are on certain income level and those expensive stuff mthly commitment is just less than 20% nett mthly income then no probs.

This post has been edited by max_cavalera: Nov 20 2019, 09:20 PM

Bro, people like me monthly $5k with family... Work till die lah. No chance to FI/RE.

Kwsp where got enuf to last... Most of my category, hope children chip $.

FI/RE will be last in my mind. I hope to be healthy n productive leh, work till my twilight years or drop dead. At least family can claim Socso.

If one live in a low income country, a fast track to fi/re is to earn in high income country.

If one live in a low income country, a fast track to fi/re is to earn in high income country.

I have this problem too.

My wealthy Mgr told me to look up the word.. Ostentatious, n avoid such people.

I said OK, will go read up later.

Good morning my friend, be always hopeful in life.
Your career will grow and salary package will improved, at the same time living a frugal life, learn how to invest, pick the investment that appeals to you risk appetite.

Wishing you a great life ahead.

Tring hard but not to be miser or ruthless.
This forumer is a kind soul n will accumulate positive karma.

That's because,.. perhaps,.. we are too careful in deploying our ammo, bro,... But today, we have to be careful, right ?

Bro,... I saw your updated portfolio dated November 16. Tq for posting.

I have a big proportion of my holdings in REITs, mainly SG REITs. If we are investing for FI/RE, we should even out some of our ammo over to non-REITs, just in case a major tsunami comes and trounces-out our REITs. Wold you agree to this and reasons pls ?

I noticed that 70.43% of your hldgs are REITs. Of course REITs give us regular income if we have invested properly and have managed our REIT portfolio constantly, but we have to be careful of a possible REIT catastrophe as I mentioned in the above, right ?

If we span out our ammo over to non-REITs, our dividend collection will be sacrificed.

Improve on your good statement above : Earning in a high income country and at the same time, staying inside that high income ctry will even out, but if the administration is good, perhaps the net effect is not too bad too, with the residents till having purchasing power due to good and 'accurate' governance.

The problem is when you earn in high income country, would you come back to low income country?

High and low income country is relative. Malaysia could be a high income country compared to Bangladesh for example.

In other words, if one earn in a low income country currently, would you try to achieve fi/re by living in a lower income country?

This post has been edited by vanitas: Nov 21 2019, 12:03 PM

Is there such a term as ‘low/high income country? The usual terms are developed and developing countries and 3rd world countries.

I think it is the strength of the Malaysian dollar and its exchange rate you were referring to.

Our currency system is dollars and cents, same as in Singapore, Brunei, USA, Canada, Australia and New Zealand. The purchasing power of the dollar can be viewed as the same in each country. A millionaire is a millionaire.

It is different from other countries that don’t use dollar and cents, as like the Indonesian rupiah. You need thousands of rupiah to buy anything. And the wages is paid in millions. Can this be counted as earning a high income?

Thailand’s currency is the baht. Very few people know that there is satang. 100 satangs is equal to 1 baht. It is rarely in circulation because the satang is so low in value. (In some places like 7-11, the cashier will hand out a sweet in replacement of half a baht or 50 satangs.)

Would it be possible that the Malaysian cents could be the same as the satang in the coming future? We could only speculate…

Yes, if the country’s exchange rate is becoming worse and worse, it would be relatively easier to consider working abroad in seeking better and higher wages for the same effort and talent put into the job.

As it is currently, one could get better wages and income in neighbouring countries such as Thailand and Vietnam instead of the usual developed countries such as Singapore or Australia.

We still need to plan our finances a bit to achieve anything. Yeah, not something too impractical like already age 35 and then try to quit working in 5 years time at age 40.

Age 40 to 45 is the prime age in one’s profession and earnings… there is past job experience, knowledge and maturity.
For a wage earner, 40 to 50 is the decade when he is at his peak in earnings and if he do it right, he can quit the rat race 10-15 years earlier in his early 50’s.

It is more on the mindset and attitude than on the amount of money to retire early. As said, we still need to plan the finances and expenditures.

If there is no plans to FI/RE, and started off with purchasing a house that is very expensive that he can only paid off with a lifetime loan of 35 years or more, he already set himself to work till age 60.

I think he meant USD 100k or more than RM400k.

4% is not a small number... it is 1 in 25.

If I walk into a big factory of hundreds of employees, the ratio of the high wage employees/staff to lower wage blue and white collar workers could be even higher at 1:50.

Ya, it’s easy to say earn in high income and then retire in low income nations ... Once u r used to say Malaysian life, its hard to retire in Vietnam or Bangkok because all your life u r used to staying in Malaysia ... Singaporean still can consider Malaysia because we are very similar in everything .. our roots are the same ...

The best is Malaysians go work in Singapore and later retire in Malaysia .. so many doing it... having said that, there are sacrifices to be made as during the bulk of your working life, you are essentially a Singaporean ... separate from your family in Malaysia

In the last 30+ years, myr depreciated against USD, sgd, jpy, rmb, thb, etc. Given current market sentiment, myr is likely to continue on the down trend.

If one work as expat in middle East, Cambodia, Burma, Singapore, hk, etc could fi/re without much difficulty. Which quite a few do. Only those find comfort in coconut shell find the world is the coconut shell.

It is meaningless to judge low or high income based on currency denomination. a Maggi Mee may cost x cents, few bath, hundreds rupiah, thousands rial or millions dollars. In practice, one rationalized to USD or myr for comparison.

This post has been edited by icemanfx: Nov 21 2019, 01:49 PM

Sifu Icemanfx, you still an Economics undergrad, or, already working n swimming with investment?

I mean it respectfully, as I m trying to understand as forumers are of diff demographics, risk aversion, etc.

People like myself, no hope liao. Thankful to be healthy, working, etc... But nothing much to look forward to financially.

But, the things u all describe is like moon n stars leh. Malaysia OK place to stay mah. Why forumers complain? My uncle last week go KL GH, got this abdominal artery anuresym... We cannot afford mah, reference letter, n only KL can do Ops n hospital stay rm211.

I think if in Singapore, my uncle already cover white cloth liao.

We are talking about how to fi/re.

Medical and life insurance is unnecessary in this country.

The idea of fi/re is nothing new. In reality, only a very small number of people could fi/re.


This post has been edited by icemanfx: Nov 21 2019, 02:43 PM

Ahhh! Got you. Thank you again.

So for my category type of people how to FI/RE?
If really no chance. I can quit this thread...

As till now, no clear actionable recommendations.