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

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SetsunaSoon
post Jul 3 2018, 05:27 PM

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I am glad that there are Msian blogs/forum on FIRE.

I am currently working in SG and intends to achieve FIRE before 40 and enjoy life in Ipoh.
I am saving about 42% of my current take home pay and currently taking part-time tuition jobs.

I have been living like a monk, most of the time staying at home smile.gif
SetsunaSoon
post Jul 3 2018, 05:37 PM

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QUOTE(ZeaXG @ Jul 3 2018, 05:27 PM)
Actually I haven't set an amount for retirement. I just save as much as possible. Right now, I am keeping track of my passive income (which is mainly dividends from shares) to see if it can eventually overtake my salary. Once it's close to overtaking, then I'll see if I can FIRE.
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Do you invest with heigher weightage in MREITs?
SetsunaSoon
post Jul 3 2018, 05:48 PM

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QUOTE(meonkutu11 @ Jul 3 2018, 05:40 PM)
Well Done on your saving rate and passive income.
mind to share what is your age now? Also, what is your target annual income after FIRE (in term  of % of current income)?

Keep it up!
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My current age is 28.

It's hard to say because I am earning SGD salary but my plan is to have about RM3500 per month from my passive income portfolio when I reach FIRE.
I intend to diversify my portfolio by investing in income stocks listed in both SGX and Bursa.
SetsunaSoon
post Jul 3 2018, 07:01 PM

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QUOTE(meonkutu11 @ Jul 3 2018, 06:54 PM)
Good job SetsunaSoon. I believe if you persistent you will successfully achieve your goals.

Keep on sharing Bro.
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Thanks for the encouragement bro!

Let us encourage more Msian to join FIRE movement to end this meaningless cycle of rat race through this forum.

SetsunaSoon
post Jul 9 2019, 07:22 PM

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QUOTE(speedfamgirl @ May 6 2019, 03:39 AM)
Hi all,
I've been reading this thread from front to back & wow now i feel a bit intimidated.. Perhaps unsure if i will managed to pull this sooner. Worst come to worst im going to quit my job by 40 or get fired, whichever comes first.

I have been toying with this idea for the past 5 years after experiencing some unfortunate things in my job that makes everything seems so bleak now...

Since last 2 years ive been diligently investing about 65% of take home pay & looking forward to max my asb 2 capital by end of 2020. asb1 has been full a few years back, now piling all the dividends. My risk appetite in investing is very conservative, no extra props except current house which im staying. Besides i prefer liquid cash. Monthly fixed expenses incl mortgage, phone/internet bills & insurance about 2300 currently.

The asx dividends barely breakeven now for my expenses, just hoping asx will continue to give total 12% combined if i want to have the 'dont give a fck' mindset & do bare minimum at work.

Alas, if i dont care about all the things i would quit long time ago! But keep telling myself this is the best job i can get atm, and i cant be bothered to work under people again. I rather use my own time to make something more meaningful to myself, volunteering at animal shelter/thrift stores & upcycling waste.
Please share some motivation so that i dont do anything stupid in the meantime. Thank you.
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I am in the same situation as you now.
Everything seemed hopeless now after my supervisors told me I am underperforming.


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