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FI/RE - Financial Independence / Retire Early, Share your experience
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honsiong
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 Feb 15 2019, 12:09 PM
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QUOTE(flight @ Feb 14 2019, 11:47 PM) All this talk about being frugal. Personally I feel that not enough focus is being talked about upping ur income. Although both of them are important. It is a balance. If u arent earning enough it doesnt matter how much % u save. But savings are the things that allow u to invest and become financially free. Yes. Up the income, maintain or lower expenses, boost savings is the key. But don't up income to a point you become stressed out or unhappy lah, maintain balance across everything. |
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honsiong
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Feb 15 2019, 04:53 PM
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QUOTE(xcxa23 @ Feb 15 2019, 01:31 PM) Not entirely true nor false Some earning 10k but living like earning 3k while some earning 10k living like 15k.. It's either u find a way to have passive income the same as your working income or live frugally.. Plus living frugally does mean living comfortably tho. Yes, if you can spend that little and still be happy, you can FIRE without being unhappy. But then if you spend a lot and still be unhappy, you prolly need to budget well to ensure the things you spend on really generate happiness for you, otherwise kena examine where did the money go, are they not making you happy and you should cut them down. |
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honsiong
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Feb 18 2019, 04:35 PM
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QUOTE(BooYa @ Feb 18 2019, 04:32 PM) I know a few friends that save few million RM in bank and not own any property because they think those property for own stay is liabilities.. I kinda feel that way too, but it’s mostly because I am still young and want to move around different countries, and properties tie me down to a place. Can still hold other $ generating assets and pay rent to risk takers. |
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