All, there are active communities in oversea that working on FI/RE by hard saving, investing and living below our means.
For sure there are also FI or already RE people in here.

Appreciate to share your experience; Pre-FI/RE and Post-FI/RE life.

Thanks

#I’m working towards FI/RE and currently saving/invest 50-60% of my monthly salary. (On top of this around 20-25% spent for commitment like ASB loans and properties).
I like to hear sharing from all who working towards FI/RE so we can learn in term of planning, lifestyle, achievement, obstacles and etc.

-Update-

FI/FF is the priority that we need to work on - planning, executions, monitoring and improvement

RE - Decision is yours once achieved FI/FF

______

No , I also believe in higher spending ... however, TS funds are limited.. to conserve, must reduce spending lor.. then can last longer instead of 20 years only

If one does not have to worry about money means they achieved FI? or is there other way to determine if one have achieve FI? sorry newbie question.

Because the rat race is MORE stressful than that.

Ok *Goes back to work on a bigger nestegg* 

 

Finished reading all the posts under this thread. Amazing sharing and very inspiring life stories.

Have just started my journey towards FIRE few years back.

Savings close to 50-70% of net salary. Commitment is quite high for 2 kids and I am the sole breadwinner in the family.

I am sold with the idea of having option to work or not to work after reaching FI.

I will probably not RE but doing some other low stress part time or volunteer work to contribute to society.

Uncontrollable spending is not as easy as it gets condemned. It takes 2 to control the spending. Most of the time, 1 wants control, another wants no control. Imagine a married couple. Eventually, one will have to give way to the other, and unlimited spending it will be, or all hell breaks loose back home.

haha. easier said than done. if cannot agree, split? or verbally agree, but back to unlimited spending after marriage?

that would give the impression that you are stingy. that's the reason I said easier said than done.

unless happen to find someone with same thinking loh. then no need discuss.

then have to find on forum.lowyat.net already. Haven't come across fe/male outside with such thinking. haha

ahhhhh I haven't come across those that reached branded materials yet. I'm at a lower league. people at my league just spend as much as possible only.

see, most people will say, not asking you to spend everything, keep a bit, spend a bit, etc etc. But when they get FIRED (as in, executed aka 處斬) or about to, they start shitting bricks.

yalah. if you don't tag along, you'll be the odd one out. not cool. when bad times come, you also the odd one out.

10% is very little. got ask why easier said than done ah? starting pay nowadays is like above 3k rite? if no house to pay, easily can save 1k. if no car to pay, 1.5k also 絕非難事

I am started to be on top of my financial situations.
And it feels great
If i get to FIRE, great
If not, i will work till 60 which is fine also

Appreciate your advice.
I've just started tracking my expenses.
Learning from Lowyat on investing (ASNB, FD, Stashaway etc etc)
My target is RM20k passive income. Am at RM1,125 passive income currently 
Age 34

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. 

I feel you there mate. I once commented that we can live a very comfortable life with a monthly spending of RM2,036, and I got bombarded with tens of negative comments saying that it is impossible to even survive with that amount lol. I personally spend only RM1,800 and that amount covers for the lunch and dinner for me and my mom, eating out everyday. So I don't see why not? As Malaysians, we are lucky that there are still cheaper alternatives for eating out and eating right. We must be grateful that our rental rates are lower compared to our neighbor. So I do agree that we are able to save in excess of RM1,000 per month (for those with salary of RM3,000 and above).

The problem with us Malaysians is that we live in a denial syndrome and a very toxic society. Most Malaysians will not accept a new way of live being taught to them. Everything is impossible as if reducing their expenses will mean living in poverty. I also got tired of trying to educate these people lol. I just continue live my live comfortably while still being able to save 60% of my net salary.

P.S. I do not earn a high salary, just earning an average salary of an executive employee.
RM20k in monthly income? That is a bit far-fetched, but it's doable if you have a very profitable business. It's impossible if you are just an ordinary employee.
Assuming a yield of 6% pa, you need RM4mil of savings to achieve that.

I am the same age as you, but am just a little bit ahead of you in passive income. My own target of monthly passive income is just RM5,000. I don't dare to aim too high as I know I am unable to achieve it being just an ordinary employee earning an average income.

Currently my passive income are only generated through equity investing. Tried and quitted P2P after a year of trial. Have not gone into Roboadvisory or any of the fintech stuff.
I also do not dabble in property investing because many of the properties are over-priced in my opinion. Unless I get a very good deal, I might not even step into property investing because most of it is negative cashflow investment.

It’s FD, ASNB combine EPF (lol)
I’m not sure if I’m calculating passive income right lol

Am dreaming hehe