FI/RE - Financial Independence / Retire Early, Share your experience
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 Aug 19 2018, 10:01 PM
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#1
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Junior Member
181 posts Joined: Nov 2008 
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QUOTE(Singh_Kalan @ Jul 29 2018, 06:43 PM) I knew someone close that FI/RE at age 38 with more than RM 1M in net worth. RE is not his option but its because of the company had wound up. Due to lack of motivation to work for other ppl, he decided to concentrate on investment alone. Now with alot of freetime, same lifestyle/spending and networth keep increasing. the net worth include epf? |
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Sep 17 2018, 12:14 AM
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#2
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Junior Member
181 posts Joined: Nov 2008
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For individual i guess RM 3K-3.5k is enough monthly.
So in order to FI need about RM 600K-700K put in ASx fixed fund. I think after FI, will still be working....so i dont really get the RE part being extreme frugal means lower quality of life...i guess putting in a fixed percentage for entertainment, savings, personal development would help balance things out. We dont know when we will rip....what's the point of saving max and suddenly we are unable to enjoy the fruits. |
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