There are many investment options available i.e. Stock, ETF, property, bond fund, and etc. it really boiled down to individual preference and what best for them.

Different people have different preferences.

I think that this is very interesting topic for many people in general and I am glad to see it on forum. I am also interested to retire as soon as possible. But with average salary this might not be as soon as I have initially believed.

survive for 100mths only. guess i have only 1 option thats to increase passive

10% every year is hard, but annualize for years, can achieve that.

I've been saying, FIRE work even better, the further down the income scale you go.

In average over the last 12 years, with my salary growing, I put my money into savings at about RM3,000 a month. So in the last 12 years, I went from zero to 600k purely from this savings alone.

p/s: since i reached FI 2 years ago, bought myself a beemer. And yes, I sold the 15 year old Proton

Thanks!

No, I reached FI with about 1.5m in savings (the other 900k from flipping properties - this all happened in the past 10 years), and another 500k in EPF.

Waiting for my EPF to reach 1m (currently at about 600k) so I can start withdrawing the dividends. I think I can RE (yes still working) in 5 years time with 3m in total.

My wife is on the same path & progress as me, so household should have 6m.

Thank you for your input.

As per my post, I am still renting the property which I stay in (all I needed was a room), and I rent out the other rooms. This will ensure I pay very minimal amount of rental.
As with calculation, we can see that renting a property is far cheaper than purchasing one at current situation if we choose to live close to our workplace. Therefore I do not see how renting would increase my monthly expenses.
I do not believe in purchasing property for investment in the current conditions. Property price tend to stagnate over the medium term until more certainty that the current property overhang issue is addressed. Until then, we will see the return rate from property to be more or less similar to FD return rate. If that's the case, I am better off paying a couple hundreds in rent and use my extra money to be invested for 5-6% return rate.

There is no need to be proud of one’s achievements. One should instead be grateful. Think about it... if you are born with lesser than normal IQ... would you have achieved what you have achieved? Are you lucky to be of at least average IQ... you bet ...

Ponzi scheme for FI/RE folks ?

I'm averaging 4 - 5%, and to be honest, I'm already very pleased with that, given the climate we're presently in at the moment.