1st post LY
background: offshore worker, age 40 (married with 1 toddler and another 1 on the way)
FI target 50-55 years old with 4 -5 mil RM (liquid asset), will convert to bond, REIT
current net worth: 1.4 mil including 3 properties (market price modestly ~ 750k RM), remaining were spread in stocks and unit trust, passive income from those properties are reinvested inexpected growth at 8-10% p.a
main reason to get FI is so that I can balance my work-life although with current status i work about 6 month/year, but it's not looking good in oil/gas industry, it looks like they will stretch me to work 9 month/year. after FI, my plan is only work maximum 3 month/year until i'm not fit for offshore, tbh i love this job.
i'm lucky to collect those 3 properties and paid hard cash, so that now our commitment for house mortgage can be kept minimum, although our monthly expenses is around 10-15k (trying to bring this down to below 10k).
wish me luck guys..
*note: spouse is working, and i didn't put her wealth up there
FI/RE - Financial Independence / Retire Early, Share your experience
Aug 13 2019, 10:18 AM
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