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

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vckc
post Feb 12 2019, 02:14 PM

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QUOTE(Bora Prisoner @ Feb 12 2019, 02:07 PM)
I think a lot of people has this misconception about FI/RE that there has to be an exact number to achieve FI/RE.

This is not true at all.

In fact, the less you make, the easier it is for you to achieve FI/RE.

Let's put it this way, does the person that earn 1k/month will have the same FI/RE number as the person who earns 100k/month?

Most probably no, because it depends on one's lifestyle and needs.

So, if you are talking about FI/RE - usually the poorer you are, the number will be smaller for you to achieve FI/RE.
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I have to disagree here. IMO. In the end it is NOT falling into lifestyle inflation that determines a persons FI/RE number.
vckc
post Feb 14 2019, 12:36 PM

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Technically... the less you spend the faster you can achieve FI..

If you can live on RM 1500 a month.. RM 750k is sufficient to retire on indefinitely..

Assuming 2.5% withdraw rate and 5% fixed income fund return.

But who can live on 1500 a month in modern times unless you're really frugal.
vckc
post Feb 15 2019, 01:41 PM

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QUOTE(foolc @ Feb 15 2019, 01:34 PM)
i am getting almost 15k after all deductions.... spend about 7k including loans...balance safe ... considered good ?
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You single or married?

If married wife working?

If single and have 7k loans what are your commitments? To me if can cut, cut lagi. 8k saved is very good but if can save 10k that would be better.
vckc
post Feb 18 2019, 03:19 PM

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QUOTE(aspartame @ Feb 18 2019, 03:03 PM)
Very simple ...

Have you come across a person who has FIRED who does not own any props?
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Aiyo.. no right no wrong. Don't argue la. You buy property invest wait 50 years untung juga.
vckc
post Feb 18 2019, 06:48 PM

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QUOTE(aspartame @ Feb 18 2019, 04:57 PM)
Selective business owners can achieve without "turbo"
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Not necessarily la... property is NOT a must.. especially in this climate. If you calculate it is actually BETTER to rent and invest your money elsewhere to achieve FI faster. You can do some math on this and it'll make sense.
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