So young already semi retire.. maybe go travel and get to know different culture, travel can easily become a hobby if affordable.

Hi Sifus, just wanna ask is it possible for me to achieve FI at my 40, aim for passive income of 4k. Currently I'm 29 years old, have 110k in FD, 40k in stocks and 21k in mutual fund etc. I'm able to save 4k per month after deducting my commitment and expenses. Any advice if I'm invest my monthly saving into high dividend stocks? Seem impossible to achieve my target in my age 40 right?

Yeah. The fd rate might be another drop which might below 3%. Like you say, I'm would try to focus and buy some good dividends stock instead of saving in FD. Bought a house but still expenses as monthly commitment. Thanks bro for your advice.

[quote=MUM,Sep 8 2019, 01:14 PM]
you are now 29, target is 40, thus 11 yrs to go.
you have 110k in FD,
40k in stocks and
21k in mutual fund
fresh saving RM4000 pm....

unknown to your monthly required expenses,...just try to reduce the FD of 110k to 6 months of yr expenses, use the surplus to put into stocks.
as for the RM4k pm,...If you have parents, try to put all that into their EPF a/c.....under self contribution

I don't suggest putting MORE in FD to generate passive income...for the amount required is too big to generate sufficient amount and returns is too low to be effective for a 11 yrs time frame

[/quote

I would consider to use my monthly saving to purchase some reits and stocks with 5-6% annual return, hope can getting more nearer to my target by compound interest within this 11 years. Thanks bro for your kind sharing on financial.

Yeah. Definitely not easy for 7% return. Thanks for your insight. 😁

Thanks bro for your advice. I would go kinokuniya get some financial books improving myself. 😆