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FI/RE - Financial Independence / Retire Early, Share your experience
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Singh_Kalan
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 Jul 29 2018, 06:43 PM
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QUOTE(55665566 @ Jul 4 2018, 10:50 AM) Age 25, aim to retire at 45 with RM500k in ASX while pay off all debts and live happily ever after. Why is it impossible? I knew someone close that FI/RE at age 38 with more than RM 1M in net worth. RE is not his option but its because of the company had wound up. Due to lack of motivation to work for other ppl, he decided to concentrate on investment alone. Now with alot of freetime, same lifestyle/spending and networth keep increasing. This post has been edited by Singh_Kalan: Jul 29 2018, 06:48 PM |
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Singh_Kalan
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Aug 20 2018, 10:58 AM
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QUOTE(silverviolet @ Aug 19 2018, 10:01 PM) the net worth include epf? Yup.. the definition of Networth = Asset - Liabilities. EPF is part of the asset. |
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Singh_Kalan
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Feb 12 2019, 12:09 PM
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QUOTE(BooYa @ Jan 27 2019, 01:40 PM) I have a question, lets say someone with a strong active income (example rm100k nett monthly) do they look much into passive? or they would rather spend more time increasing their active to the next level? High earning means nothing if you have poor financial management. This is evident from high profile cases such as Michael Jackson, Mike Tyson etc. They can earned few million monthly, yet can still end up bankrupt. |
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Singh_Kalan
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Sep 20 2019, 11:30 AM
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10% is nothing la. I save up to 70% of my income and can FIRE before 40. Don't buy much luxury stuff, live in a modest home and a typical car, your typical lower middle income neighborhood. Even tho can afford a bentley with cash.  This post has been edited by Singh_Kalan: Sep 20 2019, 11:33 AM |
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Singh_Kalan
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Jan 18 2020, 11:22 AM
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QUOTE(limmmkb @ Dec 13 2019, 09:50 AM) Im almost 30, so im thinking about my 40s... If u guys are in your 40s maybe your thinking abt 50s.. who knows.. As part of the RE, i would assume to stop working by 50 and live off investments.. Actually just wanna see people's opinion if realistically RM2m in today's terms in enough or not.. If you know how to continuously grow your RM2m instead of let it sit in the FD, it should be sufficient. 95% of the world population don't even worth that amount. |
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