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

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prophetjul
post Aug 22 2019, 08:50 AM

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QUOTE(tmdsad @ Aug 21 2019, 04:42 PM)
Age 47. Manager ( property developer)RM8K/m
EPF 1,020,000

Cash @ FD - RM250k
House DSL - Fully paid own stay  Market value RM550K
Condo - Fully paid, rental 1.1k, market value RM300K
Flat - Fully paid rental RM650 market value RM140K
Medium cost Apartment with land size 700sq f- Fully paid rental RM750 market value RM300K
Business Income RM2.2K share profit with my kid / online buz
car loan - zero
other loan - zero

Kids, one full time working buz partner ( stay outside) and one UK graduated last month ( Marry next year)

Wife @ Full Time RM4k per month, divorce ( i stop her allowance since April 2019) and another condo give her free. Market Value RM800k

Monthly household expenses - RM4K/m ( all from my income)

Yes, why?
No, why?
Partial retire, why?
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You are so loaded. You should discuss it here! thumbup.gif
prophetjul
post Aug 22 2019, 03:38 PM

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QUOTE(utellme @ Aug 22 2019, 12:59 PM)
must learn from him, how to accumulate RM1.02 mil in EPF just with salary 8K per month at the age 47.
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Yeah

That does looks a bit out of place.


prophetjul
post Aug 28 2019, 10:32 AM

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QUOTE(max_cavalera @ Aug 27 2019, 09:05 PM)
HM yeah will consider that. But will start with gaming. I already order Nintendo switch...kinda a geek, not really an extrovert traveller....

I still work. But in a capacity as the GM of the company. But so far I seen my manager and underlings quite capable...they can handle 95% of day to day operation without needing my help....

So I clock in and out as I like....sometimes I don't event go to work....any issues the manager would just msg or give me a call....

So I have a lot of free time....

But I don't want u guys to misunderstood as if I have saved millions to retire upon....
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Nice Job! laugh.gif
prophetjul
post Dec 3 2019, 04:19 PM

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QUOTE(aspartame @ Dec 2 2019, 10:17 PM)
Yes. Kids can cause parents to delay retirement significantly , both in terms of ongoing educational expenses and also to earn as much as possible to pass on to kids. Not likely to retire if income is high in that case.
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That's me. smile.gif

But having said that, i am pretty much on track and schedule to retire when all has been fulfilled.
prophetjul
post Dec 4 2019, 08:31 AM

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QUOTE(aspartame @ Dec 3 2019, 05:08 PM)
Your “when all has been fulfilled” is considered normal or early retirement?? 😅
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It would be normal retirement. smile.gif
With financial independence.

Early retirement would be too unfulfilling, especially with children.
prophetjul
post Dec 4 2019, 09:03 AM

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QUOTE(cheefai7 @ Dec 4 2019, 08:59 AM)
Early retire from unfulfilling day job and working on project that excites and still able to feed the children and continuous multi stream of incomes.
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My job is exciting with lots of new projects to work on. smile.gif
prophetjul
post Dec 4 2019, 10:23 AM

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QUOTE(cheefai7 @ Dec 4 2019, 09:06 AM)
Thus the definition of retirement is different, since you term your life is purpose driven yet earning sufficient, that would keep you going for 60-70++ yo and some 90yo still active in contributing. The big question is "why".
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You just mentioned it. Purpose.

But if you read my above post, I am aiming at retirement.
Which means my purpose may have changed.

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