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

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angkhian
post Jan 24 2019, 11:13 AM

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QUOTE(BooYa @ Jan 24 2019, 11:03 AM)
retire in luxury/comfortable means we need higher number in passive right? i assume everyone have different numbers but in what income do you consider as luxury? 10k passive monthly? 20k passive monthly?
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It all depends on the standard of the life that you want.
If your standard of luxury only requires RM10k/mth to sustain, then passive income of RM20k/mth is good enough, since it is 100% extra of what you required.

However, luxury is very subjective and varies with different individuals. Once you reach RM10k/mth passive, your exposure will be different. You will be surrounded with people that will expose you to a different level of luxury. So, honestly, you need to first determine what kind of lifestyle you would want, and work backwards.


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