About 20% in MREITs

That’s what we need to do. Give support and encouragement.
I believe FIRE is not only chasing for our own escape from rat race BUT will also later on contributes and giving back to society.

Welcome Bro.

Everyone has their own battle. That’s understandable.
But we need to start somewhere, so lets work towards it and keep sharing your journey.

Good luck!

FIRE is just glamorous word for be fugal and invest wisely. How many can give up the YOLO lifestyle and be frugal? To be frugal need discipline and dedication.

Yes, really need discipline and dedication.

But I think it is doable in Malaysia. Only from my short observations, many of us spending more than it should be on non-important stuffs and easy to follow others lifestyle in order to keep up the standard.

I’m consider myself lucky because working outside with a small team and less to none after hour activity. So less friend’s influence and more time with family.

FIRE makes no sense.

Retire earlier, then do what? Eat and sleep? FIRE is about saving and sacrificing like shit, and then what?

It makes more sense to find something sustainable to do over your working life, rather than make monetary achievements and earlier retirement the objective.

Don't go for these bullshit acronyms just like that.

The option to work or not to work. If you don't have FIRE, you work until retirement. By having that option, you can semi retire, quit your job and have more time to yourself.

Not a bro but a sis

For me it was a sudden realization / slap that I ended up in the "Rat Race" altho few years ago I've been reading on some of these topics. Thought I'd avoid the trap since it should be obvious having some "upfront warning" but little did I know all I need was a sudden downfall and I just got deeper into the race.

My goal is really to invest time now to free up time in the long run to do things I want to without worrying on the consequences.

Aiya, so childish.

More time to yourself to do what? Eat and sleep, and just generally waste your life away?

There's so much you can do. No need to force yourself to go to work, stress up over work issue, come back late because of work. You get to live how you like. Get up what time you want, do gardening, go hiking, go jungle tracking without big bosses breathing down your neck.

There is so many things you can do when you achieved FI. If you want to continue working, nobody will stop you. But the point is you have options and you can decide which way you want to go.

Many people as Ramjade said cannot give up YOLO and that why comes with a lot of excuses.

Maybe for example we can see Mark Chua who was also active in this forum. He chose to resign because he can afford to. Then by chance (maybe) became a well known author. And now he is back into what he likes and good at. He once quoted "I work because I want to Not because I have to"....so again, options.

And of course we do not want our body just rotten on the couch.

So why is Early Retirement THE objective?

Why force yourself, and get stressed about achieving RETIREMENT funds, so that you can do nothing after that?

Why not pace yourself before and after, and spread out the stress?

Aiyo, you missed the point.

Of course everybody wants to achieve FI. So that is not the point.

My point is there is a cost. You need to make sacrifices. You either make sacrifices earlier, or you spread it out.

Who said anything about not doing anything? There's so much thing you can do.

First, which job allow you to set your own pace? How many of us are lucky to end up with such jobs?
With FIRE, you have that option about setting the pace you like. If you don't work, there's still money coming in to pay your bills and whatever stuff you need. If you don't work you still can afford to go on vacation as money is coming in.

Make sacrifice early. Rather work until full retirement.

This post has been edited by Ramjade: Jul 3 2018, 10:43 PM

You are assuming the earlier sacrifices is best for other people. That's a naive assumption.

If you want to work until retirement, be my guest. No way I am working 12h+ and not compensated well for it.

This post has been edited by Ramjade: Jul 3 2018, 11:04 PM

Sorry, my bad

Good luck with your journey. It is not easy but it is not impossible.

I believe in order to keep us in-line, we need to have a clear current financial status and target (monthly/annually) that we want to achieve.

Mind to share (in %) what's your current expenses?

Who said anything about 12h+?

My post was making the point about "balance". I guess you are too inflexible to understand what "balance" means

Like I said which job let you have balance and how many are lucky to end up with that kind of job?
If we are not lucky, we need to think of ways out either by
1) quiting the job - no money how to quit?
2) finding a replacement - is not easy to find jobs nowadays?

My job is 12h+ and there are many people who are in the same boat with me. Besides if you have achieve FIRE, you don't need to think about being retrenh when economy is bad as money will still come in. Peace of mind is priceless.

This post has been edited by Ramjade: Jul 3 2018, 11:19 PM

1st rule in FIRE, know the difference between needs and wants and spend only on the needs
2nd rule of FIRE spend less than what you earn.

Here's a blogger who is closer to us than those mat salleh blogger.
http://singaporeanstocksinvestor.blogspot....ive-income.html
http://singaporeanstocksinvestor.blogspot....s-of-ak71s.html

This post has been edited by Ramjade: Jul 3 2018, 11:22 PM