I'm thinking of taking out rm150k to invest, seeking 2-3% monthly returns ( I don't know, if it is plausible to find a investment that have a stable returns of 2-3% on a monthly basis).
This will boost up my savings to 50-55% from 29%.

Any advise?

According to my hypothesis,

1. The person who does not contribute to the production of GDP, and become a net consumer of scarce resources of the society

2. The person who does not contribute to tax revenue of the country

3. The person who does not contribute to science progression / production efficiency by passing down his acquired knowledge from previous education and professional experience

4. In addition to that, I would go on to expand on the above 3 criteria to include the person contribute lesser to the production of GDP than before RE, pay lesser tax than before RE and contribute lesser to science progression/production efficiency than before RE

It is not only "makan, tidur dan main"
For Benjamin Franklin, the "retirement at age 42" actually refers to "retirement from his printing business". In today's business term, we would say "exit from printing business and embark on another career". For the next 40 years, he went on to contribute to the field of science and invention, made remarkable contribution to his country for many important role/jobs, and eventually earned his picture on the US$100 bill. A great man in USA history

Should he really have the mindset of RE, the history would have lost such an important figure, and the history would be different.

For the young readers who have the mindset of RE, Benjamin Franklin is yet another example after Jack Ma that you could make great contribution to the society/country if you are not selfish

Yes, Mr Money Mustache maybe made more impact after he retired, and he maybe earns more after he retired than his old 9-5 job 
He is actually using his new "title" (retired and successful) to make more money. Very clever guy !

Again, selfish as defined in my hypothesis. They could have contributed more to the economy/society/countries should they decided not to RE. As stated in the hypothesis, if enough people RE, the economy would collapse

Many here do not agree with the hypothesis though.

I don't see Benjamin Franklin as "retiring" at all. He moved on after selling his printing business and eventually his achievement is huge

Maybe I only see the history. If we talk about "what if", our discussion will never end.

So, I stick to history, so happen the history supports my hypothesis

Yes. That is what an unanticipated career change means.

Look at it another way, he jumped out of the rat race, and found another mountain of cheese (ie. from working --> retirement --> working again). Just that this time he found an ideal job !

I do hope everybody who RE can be as successful as him ! But that is a tall hope I must admit 
A hypothesis remains a hypothesis. With the arguments as set out in the hypothesis, I still think selfishness is a reasonable conclusion for those who RE.

Many may have forgotten the content of the hypothesis. As a refresher, here it is again :


Yes, the same holds true when you bring out Mr Money Moustache. How many more Mr Money Moustache can you quote ? 

I have only heard of mr money moustache  He has a lot of traffic.

If it is that easy to be more successful after retirement than before, why not start immediately ? Don’t waste any more time on the current job...RE and become a blogger everybody ! 

This has begun to sound like MLM recruitment. Come join us the RE MLM to turn over a new life. See our platinum diamond leader Mr Moustache. He makes RM100k per month sitting at home after joining RE MLM. If he can do it, so can everyone of you....

Just enjoy your remaining years in Malaysia lah.

my only worry about FI/RE is that my kids may not have a good role model at home.

How do I get the kids to learn to work hard to be successful, if everyday they see their parents laze around at home with no career?

I dont know, thats why im asking. Wondering if anyone has this experience

Garysydney, you are lucky you are not trading in malaysia at that time. They will sue you until bankrupt. And assign your debt to debt collectors. That would be hell...I remember there were many horror stories during 1987 and 1994 in malaysia.

Nice sharing....I hope the young readers here can take away something from your experience. If a young investors only started investing for the past 10 years in stock market, they haven't experienced any major crash yet. Sun will not always shine in the sky. There will be thunderstorms in between sunny days.

To relate to this topic, how many people incorporate into their retirement plan a few years of downturn ? A plan could be seriously affected in a major crash, and he has to slowly crawl out of the hole. If a retirement plan's expected return is 7%, is this return expecting a few years of negative returns ? Or worse, what if the capital takes a 50% or even 80% hit ? RE at 40 years old would not be possible, and he may need to start all over again

Not that gen x and y don't want fire, just that some have tried and failed. Most gen z have yet to experience failure hence are gungho. Like mlm and everyday life, only a very small minority will be successful. Otherwise, there should be over 3% of adults in this country have over us$100k net worth.

Well said!!     

LYN need more people like you.

I was going to write something about this when i woke up this morning but i thought i won't want to waste my time. Good on you Showtime!!

This is what is most important in life!!

Contentment is the only time you have enough.

Good strategy and example !

1. Start young
2. Keep same lifestyle before and after
3. Still enjoying life while achieving the objective. Be patient, don’t need to suffer a frugal lifestyle, let time do it’s work
4. Having a working spouse makes things easier. Before you, no one here mentioned having working spouse is a good way to shorten the process, up to half the time needed !
5. Know how to invest to put money into work because after retirement, that would be the main source of income. If a. person is not good in investing, retirement is a risky option

Point 2 - Keep same lifestyle before and after. In real life it is very hard to keep the same lifestyle. I used to eat a lot at food courts but nowadays i tend to frequent restaurants (not the really expensive ones). In food court, my food bill will be around A$30 (for 2 of us) while in a restaurant it will be about A$45-$60. Very hard esp people like me who loves food. On the other hand, i don't indulge in luxury goods anymore - i used to love Rolexes and expensive clothing but that desire is all gone (probably because i don't need to prove to anyone anymore unlike when i was younger). However i prefer better accomodation when i am travelling overseas compared to younger.

Point 4 - Having a working spouse. Very true. My wife's retirement savings is very close to mine as her pay was about the same as mine even though she elected to stop working at 50. She never paid the household bills as i took care of that so she just saved whatever she made.

P/s: We are very excited now as we can start accessing part of our super as of next year (when we hit our preservation age). My wife can draw a lot more than me because she has stopped working while i can only draw a little (transition to retirement) as i am still working.

I prefer to be the farmer who harvest dividend and live a monk life. Can or not?