Actually both are important.
https://stestocksinvestingjourney.blogspot....f-dividend.html
https://stestocksinvestingjourney.blogspot....-of-saving.html

This post has been edited by Ramjade: Jul 5 2018, 07:40 AM

I like the FI concept but not RE.

Retiring early at 40s seems a little silly when earnings potential is at its peek, as well as commitments - vacations, occational outings to nice places, trust/education funds for kids, probably a bigger house since kids have grown in size hence need more space etc. My belief is that do not shortchange you family when you have the ability to do so. Relying totally on passive/investment income to fund these things would be a bit of a stretch, unless we talkin about having an 8-figure pool already

On FI, I prefer the middle ground - struggle a little for now, hit a target, then I can cruise a little afterwards - by this I mean maximizing the 200k limit on both ASB and ASB2 accounts (via cold hard cash savings, not by financing) by 30 yrs old, and just let the interests compound to an aggregate of RM2/3mil by age 55/60, which I hope could provide a 100% passive net inc of 12/16k every month

So by 30 yrs old, I would know that I had provided a solid cushion on my retirement, and I also have EPF to support as well. Spouse portion is another extra too.

After hitting that goal by 30 then I can lax a lil bit more, increase my spending more here n there. Perhaps I'll finally go for equities to increase my risk exposure

But if life happens that requires me to withdraw those principals then that's another story

Thanks for sharing. good you have your own plan.
Can you share what is your total saving rate monthly (%)?

Thanks.

been follow this topic few days...
read most of the posts..

What i found myself is
before married, easily can hit FI since saving is easily 50% of my salary... no commitment at all except food and fun.
(which age to meet, i not really count)

after married, still ok, saving still in good performance, acceptable.

after got kids, FI is too far for me to achieve. dont even to think about RE.
Saving left 17% per month.

what can be done now is compound my previous saving learn to go for some investment + save the 17% every month

what my opinion is, FI/ FIRE is so challenge for those who have family.
so, start your financial planning as young as you can.

close to 50% of nett, with 1 roof to pay and extra 2 mouths to feed

Argument against FIRE(on finding the balance) does echo with most people out there.
Many didn't quite understand the RI part. Its not about being lazy bump, but rather freedom to do what we want without worrying about money.
Manipulative bosses? resign
Tired of working? just take few years off
Ugly coworker? quit

I used to save half of my salary for few years. Currently only 15% due to personal circumstances.
My immediate target, is at least 40% saving so I may retire comfortably in 15 years.

My only worry is, to get my wife onboard. She's younger and easily swayed by all those hipster food and travel . I blame instagram lol


Early Retirement Calculator: https://networthify.com/calculator/earlyretirement

Agreed and thanks for your input. Exactly wife is one of the inportant elements in getting in line with FI/RE targets.

*there a lot of personal shopper out there that makes them easily spend on unnecessary stuffs*

I tendered my resignation this week and leaving my MYR500,000/annum salary and MYR100,000/annum cash incentive plus company share.

Now in process of repatriate back to Malaysia.

It is hard decision but I believe that I’m ready to let it go and move on to next chapter.

I will share from time to time whether this works or not.

Next plan, back to KL and waiting for my shipment.

- Go for family trip locally
- Visiting long lost relatives and friends
- Back to focus on renovating newly VP house (will get 2 houses this year)
- Will living with dividen from ASNB (maxed up 4 accounts/asb&asb2 - combination cash and loan) and have some funds in ASW,ASD,ASM,AS1M
- Most of the properties paid the installment from rental. (Monthly income from rental ~10,000)
- Withdraw some funds from company saving plans.
- Will be learning new stuffs
- Join volunteering programs

I wish we all have a quality life ahead.

cool and inspiring..
what i learn from your post is.... saving as young as possible + compound interest from saving.

Congratulation to your move, which country are you working now? I wish my day will come soon

Yes and also have a good equity in investment (property). I may not able to cover expenses for the rest of my life with current cash but I always have option to dispose one or two of my properties in case I need lifeline. Current property portfolio is almost MYR6mil.


Indonesia. I wish you goodluck.

this thread is alive...

share my opinion here.

the only way can fire is that inheritance.

some people I know they got rental yield 8% pa from 2 assets.

besides he is a doctor abroad.

seriously can consider retire. but 3 kids arrive. fire is doable but will be very tight. so he just cont the job done is a good stable paying job in abroad. compared to Malaysia.
lots cash but no investment thinking. I so eager to tell him to invest. but will eventually make me like want to con his money. leave him la lol

another people I know also rich fag kid. family business control 1 districts fnn bernas calsberg distribution.
got 3 males including him. too bad he never realized the 2 elder brother are toying him spoiling him. no study whatever. just hang here and there. parents also give up on him. can't imagine the drama saga incoming. I know his mother want him to be successor. lol. the 2 elder brother outsmart the mother.

a lot story want to share.

fire is doable. if you got the right way right mid right time to do it.

This is also my desire~~ but I am less ambitious, I only want to retire right before the age of 50.

My strategy is a simple lifestyle and a booglehead style of investing (in low-cost index ETFs) and hopefully some great property deals.

Kena burnt by a few local mutual funds and local stock trading already. Now, I only buy really solid stockpicks, but gosh, they move so slow. Still learning

Planning to have kids next year, not sure how much that will impact my finances.

Thanks for sharing the stories.
I believe inheritance NOT the only way to achieve FI/RE.

As you said at the end “fire is doable. if you got the right way right mind right time to do it.”

I didn’t come from a rich family but I’m lucky to land a good jobs with good packages. But my awareness also didn’t come until I relocated to oversea. Before that, I like most people who enjoyed spending on things that not necessary. i.e karaoke, high installment car etc.

Living in a small village in South America and balance working/living culture made me and family really enjoy saving the money.

Goodluck with your journey.

Maybe you can diversify some into ASNB fixed funds.

My personal opinion, mutual funds always make the agent (or so called financial consultant) rich before you.

To inspire those who don't work overseas...and prove the naysayers (like my older relatives) who keep saying a job overseas is the only way to make it in life...I believe its possible to achieve goals early even for those working locally. Its all about controlling your lifestyle. I've built up a property portfolio in the 7 figures with an average yield of 6%, with a net worth also of 7 figures, and have never been based out of KL for longer than a few weeks at a time.

Fyi I have been in the workforce for 5 years and am in my mid 20s. No, I did not receive any boosts from my parents not even for studies (full scholarship with allowance) and they did not assist me in any way for any of my properties except that I stay under their roof and receive some moral support and family love.

To consistently invest 70-80% of income, may not sound easy but just ask yourself if you really need to drive that Jap or Continental car around in the traffic mess of KL? (I drive a fully paid off local vehicle and am frequent Mrt/Lrt user) Do you need to go on cafe-hops...? Why not just stick to one? Do you need a starbucks every morning? Make your own! Do you really need to have your entertainment outside? Have house parties with duty free booze. Is it a must to watch latest movies every other day? Go torrent or iflix or something. The list goes on...

This post has been edited by LoTek: Jul 15 2018, 09:30 AM

What are the total cumulative % of these ("lifestyle expenses") are/will be in relation to your income?

wtih your investment experience in properties...what do you advise newbies that intent to follow you footsteps in the current properties environment?

7 figures nett worth in mid 20 is brilliant, but I doubt so.
Assuming you are JPA student (full loan + allowances), working as director in listed company. That still doesn't give you sufficient income to let you generate that much of nett worth in within 5 years. Or maybe I misunderstood your 'nett worth' definition?

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This post has been edited by MUM: Jul 15 2018, 09:59 AM

Invest/save about 70-80% of income. So the other 20-30% is for my indulgences.

I personally think property market now is in limbo, it's neither up nor down, and generally with terrible yields. Have to shop for months for each property, I usually view more than 10 units in a development before making offers. I like to concentrate only on high yield student rentals or Airbnb now. Oh yes, please don't buy from developer, 99% chance that you'll never make money fast enough to even meet FD rate. Burnt once already.

I'm not a JPA student. I actually did not complete SPM, but I sat for O and A levels as a private candidate, at an earlier than usual age, as a quick jump method to apply for my scholarship. It was from overseas: studied in the so called " Asia's No. 1 Uni" Didn't feel that way but it does open doors at times. I calc net worth as total assets (current cash+property/units/stocks @ current market value) - total liabilities (which are only properties loans). My job isn't a fixed salary contract btw, and I just achieved the net worth 7 figures recently lah, and it begins with a 1

This post has been edited by LoTek: Jul 15 2018, 10:01 AM

Working overseas with expat pay is a more realistic approach to fire.