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

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aspartame
post Sep 21 2018, 09:09 PM

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QUOTE(langstrasse @ Sep 21 2018, 07:07 PM)
I've been reading this thread since the start with much excitement. Especially since I've followed the FI/RE sub-Reddit  for several years now but as others here have mentioned, there isn't much content there focused on the Malaysian context (or at least I've not found it yet)
However, now after 600+ posts, I'm confused on what's the current intent of this thread.

TS's original intent states :
» Click to show Spoiler - click again to hide... «
If we are too strict about the topic of FI/RE, then we might as well read articles about it to ensure it is on topic. Forums are great because of the anonymous interactions. The things discussed so far are not exactly off topic as they are relevant to others aspects of FI/RE that may derail the plan to FI/RE. Take away these relevant musings and the topic become very dry.

This post has been edited by aspartame: Sep 21 2018, 09:10 PM
Showtime747
post Sep 22 2018, 09:34 AM

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Lately, I see a few young people comment about "digression". If the "digression" is presented like it was in /k, I would agree it should be moderated.

But the "digression" are, by and large, relevant to the topic.

From the comments, I notice the following :

1. Lack of patient - I think these young people lack patient to read opinion. They just want quick answer. "Noises" (in their opinion) is a waste of their precious time. When they do not get their answers, they feel agitated. They feel that when they research a topic, the topic must be well-presented to them, rid of "irrelevant" information

2. Lack of tolerance - I think these young people lack tolerance of differing opinion. When they read something "offensive" to them, they will take it personal

3. Narrow minded - I think these young people are too focus, and do not have a broader picture of their own life and that of the community/society as a whole. They see things from their narrow tunnel of vision, only from their own perspective

4. Easily instigated - when they see some words they don't like, they will easily get angry and feel the need to respond

However, on the bright side, at least they voice out their grievance/dissatisfaction, instead of keeping quiet. This is a good thing thumbup.gif

Let's not forget a democratic society will only progress when opinions, big or small, good or bad, right or wrong are being presented freely and openly, not suppressed. The opinion will then be judged by all the readers as a whole.

"Small", "bad" and "wrong" opinion will not get past a page of two and eventually be drowned in no time. "Big", "good" and "right" opinion will be further discussed. This is the natural process of how a topic come to a consensus.

Let's celebrate our diversity, and learn to live happily with opinion you disagree. Remember, a few hundred years ago, Majority still think the world is flat.
wongmunkeong
post Sep 22 2018, 09:57 AM

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QUOTE(Showtime747 @ Sep 22 2018, 09:34 AM)
Lately, I see a few young people comment about "digression". If the "digression" is presented like it was in /k, I would agree it should be moderated.

But the "digression" are, by and large, relevant to the topic.

From the comments, I notice the following :

1. Lack of patient - I think these young people lack patient to read opinion. They just want quick answer. "Noises" (in their opinion) is a waste of their precious time. When they do not get their answers, they feel agitated. They feel that when they research a topic, the topic must be well-presented to them, rid of "irrelevant" information

2. Lack of tolerance - I think these young people lack tolerance of differing opinion. When they read something "offensive" to them, they will take it personal

3. Narrow minded - I think these young people are too focus, and do not have a broader picture of their own life and that of the community/society as a whole. They see things from their narrow tunnel of vision, only from their own perspective

4. Easily instigated - when they see some words they don't like, they will easily get angry and feel the need to respond

However, on the bright side, at least they voice out their grievance/dissatisfaction, instead of keeping quiet. This is a good thing  thumbup.gif

Let's not forget a democratic society will only progress when opinions, big or small, good or bad, right or wrong are being presented freely and openly, not suppressed. The opinion will then be judged by all the readers as a whole.

"Small", "bad" and "wrong" opinion will not get past a page of two and eventually be drowned in no time. "Big", "good" and "right" opinion will be further discussed. This is the natural process of how a topic come to a consensus.  

Let's celebrate our diversity, and learn to live happily with opinion you disagree. Remember, a few hundred years ago, Majority still think the world is flat.
*
Unfortunately snowflakes (be they millennials, GenXYZ, etc.) think the world is clearly delineated black or white, with no inter-connectivity or causation-feedback good/destructive loop, which the stories/experiences shared by more experienced folks shows.

IMHO, FIRE is nothing more than a re-labelling of personal financial planning, which is a HUGE AREA and experiences shared by forumers usually shows what works consistently - eg. no gambling, risk management, earn like heck & save to invest, etc. Thus, I for one is thankful to GarySydney & U, Showtime, for sharing as i can pickup juicy real experiences & reflection of the experiences (eg. what good can be learned from the painful experiences). Thank U Sirs.

This post has been edited by wongmunkeong: Sep 22 2018, 10:00 AM
Garysydney
post Sep 22 2018, 10:18 AM

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QUOTE(Showtime747 @ Sep 22 2018, 09:34 AM)
Lately, I see a few young people comment about "digression". If the "digression" is presented like it was in /k, I would agree it should be moderated.

But the "digression" are, by and large, relevant to the topic.

From the comments, I notice the following :

1. Lack of patient - I think these young people lack patient to read opinion. They just want quick answer. "Noises" (in their opinion) is a waste of their precious time. When they do not get their answers, they feel agitated. They feel that when they research a topic, the topic must be well-presented to them, rid of "irrelevant" information

2. Lack of tolerance - I think these young people lack tolerance of differing opinion. When they read something "offensive" to them, they will take it personal

3. Narrow minded - I think these young people are too focus, and do not have a broader picture of their own life and that of the community/society as a whole. They see things from their narrow tunnel of vision, only from their own perspective

4. Easily instigated - when they see some words they don't like, they will easily get angry and feel the need to respond

However, on the bright side, at least they voice out their grievance/dissatisfaction, instead of keeping quiet. This is a good thing  thumbup.gif

Let's not forget a democratic society will only progress when opinions, big or small, good or bad, right or wrong are being presented freely and openly, not suppressed. The opinion will then be judged by all the readers as a whole.

"Small", "bad" and "wrong" opinion will not get past a page of two and eventually be drowned in no time. "Big", "good" and "right" opinion will be further discussed. This is the natural process of how a topic come to a consensus.  

Let's celebrate our diversity, and learn to live happily with opinion you disagree. Remember, a few hundred years ago, Majority still think the world is flat.
*
Well said!! thumbup.gif thumbup.gif thumbup.gif

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 post has been edited by Garysydney: Sep 22 2018, 10:24 AM
AvenueX
post Sep 22 2018, 10:24 AM

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QUOTE(Showtime747 @ Sep 22 2018, 09:34 AM)
Lately, I see a few young people comment about "digression". If the "digression" is presented like it was in /k, I would agree it should be moderated.

But the "digression" are, by and large, relevant to the topic.

From the comments, I notice the following :

1. Lack of patient - I think these young people lack patient to read opinion. They just want quick answer. "Noises" (in their opinion) is a waste of their precious time. When they do not get their answers, they feel agitated. They feel that when they research a topic, the topic must be well-presented to them, rid of "irrelevant" information

2. Lack of tolerance - I think these young people lack tolerance of differing opinion. When they read something "offensive" to them, they will take it personal

3. Narrow minded - I think these young people are too focus, and do not have a broader picture of their own life and that of the community/society as a whole. They see things from their narrow tunnel of vision, only from their own perspective

4. Easily instigated - when they see some words they don't like, they will easily get angry and feel the need to respond

However, on the bright side, at least they voice out their grievance/dissatisfaction, instead of keeping quiet. This is a good thing  thumbup.gif

Let's not forget a democratic society will only progress when opinions, big or small, good or bad, right or wrong are being presented freely and openly, not suppressed. The opinion will then be judged by all the readers as a whole.

"Small", "bad" and "wrong" opinion will not get past a page of two and eventually be drowned in no time. "Big", "good" and "right" opinion will be further discussed. This is the natural process of how a topic come to a consensus. 

Let's celebrate our diversity, and learn to live happily with opinion you disagree. Remember, a few hundred years ago, Majority still think the world is flat.
*
Thanks for sharing your thoughts. thumbsup.gif
sky18
post Sep 22 2018, 12:01 PM

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QUOTE(Garysydney @ Sep 22 2018, 10:18 AM)
Well said!!  thumbup.gif  thumbup.gif  thumbup.gif

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!!
*
Same thought here. Seems like Showtime747 is most committed here. LOL.

Lowyat forum is just plain basic forum. Can't compared against n reddit which system itself is design from ground up.

Btw, I don't agreed on saying "all gen Y or Z" is like this... Or gen X n baby boomer is like that... There's always diff believe and personality ppl in ea generations.

This post has been edited by sky18: Sep 22 2018, 12:17 PM
Garysydney
post Sep 22 2018, 12:23 PM

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QUOTE(sky18 @ Sep 22 2018, 12:01 PM)
Same thought here. Seems lack of purpose to response n sharing. Seems like Showtime747 is most committed here. LOL.

Lowyat forum is just plain basic forum. Can't compared against n reddit which system itself is design from ground up.
*
This is what we need in society. The people who will fight for democracy!! Most of us just have an indifferent (tidak apa) attitude. If we had more people like Showtime in Msia, Msia will be a very significantly different country. I was going to write something this morning (about respecting the democratic right of other contributors in LYN) but i thought since i am already 56 (and the readers/contributors here are mostly younger people), i will just hush-up.
icemanfx
post Sep 22 2018, 01:22 PM

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QUOTE(Showtime747 @ Sep 22 2018, 09:34 AM)
Lately, I see a few young people comment about "digression". If the "digression" is presented like it was in /k, I would agree it should be moderated.

But the "digression" are, by and large, relevant to the topic.

From the comments, I notice the following :

1. Lack of patient - I think these young people lack patient to read opinion. They just want quick answer. "Noises" (in their opinion) is a waste of their precious time. When they do not get their answers, they feel agitated. They feel that when they research a topic, the topic must be well-presented to them, rid of "irrelevant" information

2. Lack of tolerance - I think these young people lack tolerance of differing opinion. When they read something "offensive" to them, they will take it personal

3. Narrow minded - I think these young people are too focus, and do not have a broader picture of their own life and that of the community/society as a whole. They see things from their narrow tunnel of vision, only from their own perspective

4. Easily instigated - when they see some words they don't like, they will easily get angry and feel the need to respond

However, on the bright side, at least they voice out their grievance/dissatisfaction, instead of keeping quiet. This is a good thing  thumbup.gif

Let's not forget a democratic society will only progress when opinions, big or small, good or bad, right or wrong are being presented freely and openly, not suppressed. The opinion will then be judged by all the readers as a whole.

"Small", "bad" and "wrong" opinion will not get past a page of two and eventually be drowned in no time. "Big", "good" and "right" opinion will be further discussed. This is the natural process of how a topic come to a consensus.  

Let's celebrate our diversity, and learn to live happily with opinion you disagree. Remember, a few hundred years ago, Majority still think the world is flat.
*
Before you commented on others, did you look at mirror? Or you looked at mirror while writing/typing?

This post has been edited by icemanfx: Sep 22 2018, 02:16 PM
Hansel
post Sep 22 2018, 02:26 PM

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QUOTE(Showtime747 @ Sep 22 2018, 09:34 AM)
Lately, I see a few young people comment about "digression". If the "digression" is presented like it was in /k, I would agree it should be moderated.

But the "digression" are, by and large, relevant to the topic.

From the comments, I notice the following :

1. Lack of patient - I think these young people lack patient to read opinion. They just want quick answer. "Noises" (in their opinion) is a waste of their precious time. When they do not get their answers, they feel agitated. They feel that when they research a topic, the topic must be well-presented to them, rid of "irrelevant" information

2. Lack of tolerance - I think these young people lack tolerance of differing opinion. When they read something "offensive" to them, they will take it personal

3. Narrow minded - I think these young people are too focus, and do not have a broader picture of their own life and that of the community/society as a whole. They see things from their narrow tunnel of vision, only from their own perspective

4. Easily instigated - when they see some words they don't like, they will easily get angry and feel the need to respond

However, on the bright side, at least they voice out their grievance/dissatisfaction, instead of keeping quiet. This is a good thing  thumbup.gif

Let's not forget a democratic society will only progress when opinions, big or small, good or bad, right or wrong are being presented freely and openly, not suppressed. The opinion will then be judged by all the readers as a whole.

"Small", "bad" and "wrong" opinion will not get past a page of two and eventually be drowned in no time. "Big", "good" and "right" opinion will be further discussed. This is the natural process of how a topic come to a consensus. 

Let's celebrate our diversity, and learn to live happily with opinion you disagree. Remember, a few hundred years ago, Majority still think the world is flat.
*
Good one, bro,...

I think your first point is the one that's causing the disagreement : because the younger people think that FIRE is plainly straight-fwd, and can be handed down to them on a plate. But,... as more and more information comes along, it confuses them,... and this angers many,...

FIRE can be arrived at from many different angles, but to have the basic good qualities will, somehow,... make the chances brighter,... still, it does not guarantee success.

I'm happy and am satisfied at where I am today,... I think this is the most important trait,...
Garysydney
post Sep 22 2018, 03:05 PM

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QUOTE(Hansel @ Sep 22 2018, 02:26 PM)

I'm happy and am satisfied at where I am today,... I think this is the most important trait,...
*
This is what is most important in life!!

Contentment is the only time you have enough. rclxms.gif
sky18
post Sep 22 2018, 03:24 PM

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QUOTE(Garysydney @ Sep 22 2018, 03:05 PM)
This is what is most important in life!!

Contentment is the only time you have enough. rclxms.gif
*
Absolutely agreed. Your mindset is lots more important. Gary is very good example... If he learned his contentment back in young days... He probably Fire by early 30!
Garysydney
post Sep 22 2018, 04:08 PM

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QUOTE(sky18 @ Sep 22 2018, 03:24 PM)
Absolutely agreed. Your mindset is lots more important. Gary is very good example... If he learned his contentment back in young days... He probably Fire by early 30!
*
This is definitely true. If i have the mindset that i do now, I would have had achieved FI at a much earlier age. However the maturity that i have developed today has been moulded and blended by years of 'hardships and pain' caused by my ego (which was extremely huge due to me being spoilt when young).
Showtime747
post Sep 22 2018, 06:31 PM

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Thanks everyone. Let’s continue thumbup.gif
Hansel
post Sep 22 2018, 09:50 PM

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QUOTE(sky18 @ Sep 22 2018, 03:24 PM)
Absolutely agreed. Your mindset is lots more important. Gary is very good example... If he learned his contentment back in young days... He probably Fire by early 30!
*
I'm happy that my theory is agreeable to many here - contentment is the way to go, actually,... BUT having said this,...I think I would still want to 'enjoy' and 'experience' the adventure at that time of Gary's young age.

Frankly,.. I wouldn't want to be 'FIRED' by 30 ! I think,... I'll still wanted to go out there and experience life,... and 'pock',... the only difference between my tactic and Gary's would be,.... I'd be more alert and I should know when to pullback.
sky18
post Sep 22 2018, 11:29 PM

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LOL.... i doubt how many managed pullback as there're saying "it is easy to go from frugality to extravagant, but difficult to go from extravagance to frugality."

Anywhere, once one established strong financial discipline, and sound money traits that help him to reach FI, these habit will be carried along for the rest of life.

Eg: I was paying myself first since start working back in early 20+ and non-stop till reached FI which took about 15 years. Thereafter, all active income go enlarging the income-generating porfolio and maintain almost same lifestyle b4 & after FI. Practically my personally spending is lesser but it goes to kid. smile.gif

I always telling myself, we had 3 income streams in the household - my spouse, myself and "passive income worker".


flight
post Sep 23 2018, 01:01 AM

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Isnt showtime the one instigating other people over disagreements? What type of hypocrisy is this?

Anyway, not to derail the thread, i think its important to keep striving for something. To all the ppl who have FIRE, power to them. Personally i believe that is just a beginning, rather than an endpost.

This post has been edited by flight: Sep 23 2018, 02:10 AM
icemanfx
post Sep 23 2018, 01:22 AM

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QUOTE(flight @ Sep 23 2018, 01:01 AM)
Isnt showtime the one instigating other people over disagreements? What type of hypocrisy is this?
*
Showtime is probably the greatest hypocrite in Lyn.

This post has been edited by icemanfx: Sep 23 2018, 01:27 AM
Garysydney
post Sep 23 2018, 04:09 AM

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QUOTE(Hansel @ Sep 22 2018, 09:50 PM)
... the only difference between my tactic and Gary's would be,.... I'd be more alert and I should know when to pullback.
*
It is very true that knowing when to pull back dictates success or failure. When i was younger, i had a big ego (this probably was the main cause of my failures) while nowadays i have humbled down a lot otherwise i won't have been able to reflect back on why i failed and correct my wrongs.

This post has been edited by Garysydney: Sep 23 2018, 04:30 AM
Garysydney
post Sep 23 2018, 04:39 AM

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QUOTE(sky18 @ Sep 22 2018, 11:29 PM)
LOL.... i doubt how many managed pullback as there're saying "it is easy to go from frugality to extravagant, but difficult to go from extravagance to frugality."

Anywhere, once one established strong financial discipline, and sound money traits that help him to reach FI, these habit will be carried along for the rest of life.

Eg: I was paying myself first since start working back in early 20+ and non-stop till reached FI which took about 15 years. Thereafter, all active income go enlarging the income-generating porfolio and maintain almost same lifestyle b4 & after FI. Practically my personally spending is lesser but it goes to kid. smile.gif

I always telling myself, we had 3 income streams in the household - my spouse, myself and "passive income worker".
*
Very true. I never thought of it like that. Hopefully your 'passive income worker' will one day be your shining light and turn your rainy days to bright shining days rclxms.gif
Showtime747
post Sep 23 2018, 07:07 AM

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QUOTE(sky18 @ Sep 22 2018, 11:29 PM)
Eg: I was paying myself first since start working back in early 20+ and non-stop till reached FI which took about 15 years. Thereafter, all active income go enlarging the income-generating porfolio and maintain almost same lifestyle b4 & after FI. Practically my personally spending is lesser but it goes to kid. smile.gif

I always telling myself, we had 3 income streams in the household - my spouse, myself and "passive income worker".
*
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

This post has been edited by Showtime747: Sep 23 2018, 07:10 AM

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