Yr son is just 7 yrs old....unsure how his grasp of education will be....where or how he will ends up is still unknown.....
I guess i will just continue to do the investment myself for their behalfs

while waiting to "save" till RM500k.....
spend some time reading about emergency fund, short~mid term investment and longer term investment...

the tax benefits is when parents or legal guardian contribute to the education saving in SSPN.
the withdraw is when the child had been accepted for further studies.....

if had been studying already?.....
but i "think" if he is still below 29,..then is ok
https://www.ptptn.gov.my/syarat-buka-akaun-sspn-i-side

if I did not got for SSPN thus I pay RM2000 tax

if i invest RM6k myself, how many % of ROI pa for 10 yrs, must i get recover that RM2000 (tax paid) and beat this SSPN?
(assuming I used that RM2000 tax saving and put into FD at 4%pa if I were to go for the SSPN route)

This post has been edited by yklooi: Aug 21 2019, 10:54 PM

interesting .....

what if the objective itself is "want to retire early (RE), by xx age?" (here RE is a defined objective, but meaningful or not is also up to that the definition of individual, nothing misguided)
thus to be able to RE by xx age, one need to be FI by xx age

Without FI, by xx age, there will be no RE by xx age
With FI, there will be option to either RE or No RE at xx age (up to individual when reached that FI status)

so which one is the main objective and sub objectives to the main objective?


will "Just focus on FI", has the same content as your earlier post?
from this.....

to this? (just exchanged the RE to FI and vice versa)

(Quote)
No problems about RE being an objective. The problem bit is FI.

FI is just completely misguided as an objective.

FI should not be an objective by itself. Examples are those who skimp on their food and affect their health later on in life. Examples are those who didn't do the fun things at the earlier age of their life, and find they are too old when they achieved FI to do those things.

It's about balance and moderation and optimizing what is appropriate over your life span. Not some misguided objective about FI.
(End Quote)

This post has been edited by yklooi: Aug 22 2019, 08:41 AM

there are some wanted to escape their current (extremely good) pay job that they had been doing, that they feel are going against their religion, personal beliefs or family tradition.

i had a friend, that had to quit & downgrade his income and lifestyle for he believes and feel that his previous job will lead him to hell or not so easy death if he did not quit.

many others may not be born in a lucky family, countries, culture, environment or political situation......but i think in their mind, they too at times, do dreams of "getting away" from their predicaments.

I think he can start by telling more of what he feel and think about

Yes, why?
No, why?
Partial retire, why?

for ONLY he himself knows better of what he wants and don't want and what he can do and cannot do about RE
(since he is already a lot better than most here financially to talk about retirement)

is Early Retirement or early partial retirement his big dreams?

maybe his big dreams is to accumulate as much assets as possible (or perhaps 10 mil) during his this lifetime?

This post has been edited by yklooi: Aug 22 2019, 09:25 AM

some UT funds has no dividend distribution policy
some UT funds has auto reinvest the distributed dividend
some UT funds can select either Auto reinvest or pay out cash

if profits can be made constantly and if it need to take out the profits to use then it can be considered passive income
like ex...CMF constantly giving out about 3.X% pa...then that "profits" if taken out for use, can be as a form of passive income

if it does not required to be taken out, then it is asset accumulation stage...just let it grow while doing rebalancing of % allocation in the portfolio

if gives issue/promulgate analyses or reports, on investment products....to non "AI", then should be ok?

some would argue that a reasonable valued ownstay property loan or a business expansion loan are debt that contradict your point 1

Psychology of wealth: if you are worth millions, why bother working?
https://www.ft.com/content/20c42d38-f007-11...ddev&yptr=yahoo

if after he did that (above), will someone else asked for proof that that income and payment details are really his/her and not of others? (like client, employer or family members, etc)

i remember once in one of the thread, there was one forummer mentioned "that could be photoshopped" when trying to dispute the data shown upon challenged

This post has been edited by yklooi: Jun 14 2020, 10:40 AM

yes,...but i think there is a max %.....
most would not mind paying higher if they can earn that much.
only some would "try" to avoid....even celebrities also for ex.

I found this nice and meaning full (at least to me) song after watching House M.D last episode.

Guy Lombardo -- Enjoy Yourself, It's Later Than You Think
https://www.youtube.com/watch?v=nFxjnUPRwx4

nicely tuned and meaningful lyric....

You work and work for years and years, you're always on the go
You never take a minute off, too busy makin' dough
Someday you say, you'll have your fun, when you're a millionaire
Imagine all the fun you'll have in your old rockin' chair

Enjoy yourself, it's later than you think
Enjoy yourself, while you're still in the pink
The years go by, as quickly as a wink
Enjoy yourself, enjoy yourself, it's later than you think

You're gonna take that ocean trip, no matter come what may
You've got your reservations made, but you just can't get away
Next year for sure, you'll see the world, you'll really get around
But how far can you travel when you're six feet underground?

Your heart of hearts, your dream of dreams, your ravishing brunette
She's left you and she's now become somebody else's pet
Lay down that gun, don't try my friend to reach the great beyond
You'll have more fun by reaching for a redhead or a blond

Enjoy yourself, it's later than you think
Enjoy yourself, while you're still in the pink
The years go by, as quickly as a wink
Enjoy yourself, enjoy yourself, it's later than you think

You never go to night clubs and you just don't care to dance
You don't have time for silly things like moonlight and romance
You only think of dollar bills tied neatly in a stack
But when you kiss a dollar bill, it doesn't kiss you back

Enjoy yourself, it's later than you think
Enjoy yourself, while you're still in the pink
The years go by, as quickly as a wink
Enjoy yourself, enjoy yourself, it's later than you think


many previous postings in this thread did inform about the need to be moderate, not too overly focused on FI till it neglected many other things in life

This post has been edited by yklooi: Jun 14 2020, 08:42 PM

.... and those that think they have methods to generate more return with the available money against the loan rate charged