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

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IHC2012
post Sep 15 2018, 09:52 AM

Getting Started
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Junior Member
76 posts

Joined: Jul 2013
yes, agreed to FIRE! started earlier, plan it earlier , i am 28 married with 2 kids.
my plan is : 3 years, 5 years, 10 years plan with mission.
example: we invest in property, 3 years later i would like to hv passive income from there.
we will set up an online business to get extra income as well.
we will try our best to lower down expenses as we can.
5 years later, we may upgrade if we dispose a property. put money in to FD maybe . or invest to ppl to work for us.
10-20 years is the long journey to see our investment return.we may paid off some of the property , then we will hv passive income to serve our life expenses.
IHC2012
post Apr 11 2019, 12:14 AM

Getting Started
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Junior Member
76 posts

Joined: Jul 2013
QUOTE(Bora Prisoner @ Feb 16 2019, 07:59 PM)
Just some examples of what i think i did that was frugal

1. Kept same car for 15years
2. Go to work by lrt
3. Electricity bill averaging rm50. Got AC but never use.
4. Water bill RM0
5. No astro for 15 years
6. Meals stick to 3 times a day. No snacks in between
7. I dont take coffee, or tea. So avoid those ‘starbucks trap’
8. Minamalist furniture
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Hi , do u mind to know ur current age now ? From which age u started this kind of decipline ? I will like to learn by starting right now current age is 29.
IHC2012
post Apr 11 2019, 09:25 AM

Getting Started
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Junior Member
76 posts

Joined: Jul 2013
QUOTE(Bora Prisoner @ Apr 11 2019, 06:36 AM)
Now 41.

Start ASAP.
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Can you give me a guideline / pic , how much roughly should I have as consider FIRE? At least we have a goal . Most of the frens are “live in the moment” they wore nice clothes , nice cars , eat well , vacations . But for me I do not really need that . That why I come to here learn . As a married with 2 kids , what should we plan for our family in the future . Start saving as much as possible (any ideas of force saving 50% from income )? Our family income per month around 7k. We bought a newly condo , target 2021 wil get the key.
IHC2012
post Apr 11 2019, 10:26 AM

Getting Started
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Junior Member
76 posts

Joined: Jul 2013
QUOTE(Bora Prisoner @ Apr 11 2019, 10:13 AM)
here's the thing, there is no fixed number, everyone will have a different number.

the one thing people dont realise about FIRE, is that the lower your income, the lower the number for you to achieve FIRE. Your lifestyle decides it.
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👌thanks for ur info . I will plan my lifestyle and start ASAP .wink.gif

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