I think that this is very interesting topic for many people in general and I am glad to see it on forum. I am also interested to retire as soon as possible. But with average salary this might not be as soon as I have initially believed.

Don't think i can get 10% investment return. I suck at investment, only doing FD now with 4.x% return anually

Yes, i travel alot with my wife eventho she is currently working. I do have business but it doesnt consume much of my time (very very less). I have a farm which i plant durian trees, but its taken care by my worker, i come once in a while if i feel like it or if i need some exercise. At my age, most of my friends are busy working. Writing regarding my retirement...i have an ig and fb but not much in it.

Hey...at least i have u guys in this forum that i can chat with ya... 😀

This morning feels like going watch a movie, any recommendation?

U guys sure want to retire early....

I'm just 1 month into semi retirement month and I got bloody culture shock by being dumbfounded on nothing to do....I worried if this prolongs I may lose my mind...gotta fast find a hobby

how many can afford to have passive income solely by relying on FD to built its next eggs or provides enough passive income for retirement?

Finished reading all the posts under this thread. Amazing sharing and very inspiring life stories.

Have just started my journey towards FIRE few years back.

Savings close to 50-70% of net salary. Commitment is quite high for 2 kids and I am the sole breadwinner in the family.

I am sold with the idea of having option to work or not to work after reaching FI.

I will probably not RE but doing some other low stress part time or volunteer work to contribute to society.

Didn't really continue the topic since he replied me with "your salary is high, that's why can save more". 

But i do agree with you, if no commitment then 1.5 sure no problem. If low living cost area can save more too (but income will proportionally low too normally)

Appreciate your advice.
I've just started tracking my expenses.
Learning from Lowyat on investing (ASNB, FD, Stashaway etc etc)
My target is RM20k passive income. Am at RM1,125 passive income currently 
Age 34

Only if you realize where the office/corresponce address is located.
governed in sg under msa? where is their office in sg?

Hello everyone, glad to have stumbled upon this topic on a local level.

A quick self intro - I'm very much into the whole movement.

Im possibly one of the most frugal millennials out there due family influence. I got passed material things at a very young age, Chatime > others because cheap, took advantage of reselling fashion sneakers to peers (great times), absolutely loathe starbucks, and don't-order-drinks when makan outside type. Back in college , some would put a label on me and mock me for being stingy but many others (friends and partners) were also understanding enough that we are from different family backgrounds. Im still close with a handful of them and now that I have my own income, I would "belanja" them on the rare occasions since they've stuck with me since day 1.

As of late, I've just started on my career. I was lucky enough to land a short gig in SG, thus giving me a small boost in capital to invest in the long run.

By the end of my SG stint, I would bring home about RM1XX,XXX in savings and was thinking of:
1) Capitalizing on RumaWIP/PR1MA in prime locations as collecting rental. I'm totally fine with staying with family and commuting via LRT/Family car
2) Was thinking of stocks but am extremely unfamiliar with it. However I have a US & SG bank account set up if that helps with saving on fees. I hear alot of talk about SG REITs as of late?
3) Also considering letting my mom have a go at my capital. She's a casual 'telegram' trader where she follow leads and take margins by the daily. I'm not very comfortable with that as more preference to blue chips where I can just stash it and forget for the next 5-10 years, but she's been bragging to me about her winnings here and there lah hence the temptation.

I don't have much apart from that. I am heavily researching into this topic as I know the younger we start the better. I'd like to hear how some of you seasoned sifu/sisters would do it based on your experience. If you were in your mid 20's in today's environment and had some capital to roll with, whats your move?

Thanks for reading.

I didn’t mean to dig up an old discussion, but in the interests of FairPlay and to show that there was no malicious intent in my initial declaration, I’ve included a snapshot of my latest (painful) tax returns for your perusal.
[attachmentid=10515501]

Hopefully this further clarifies and removes any co fusion or misunderstanding on my original post.

Yeah, some formers pointed out it was pointless. Haters gonna hate no matter what I try to do to appease them.

Less than 1% of M’sians in US$1m wealth bracket (0.2% of adults M'sians)
https://themalaysianreserve.com/2019/10/22/...wealth-bracket/
and yet he is paying about 63% of that amount to Income tax for income 2019 year....(an earlier glimpse of the image posted)

just try not to calculate that portion in % terms would make one not so envious or feel bad about that high of a bench mark to hit

just aim for being apart of the 3.7% of M'sians
as 3.7% was placed in the US$100,000 to US$1 million wealth band

Yeah, our strategy now is all about growing our retirement nest - it's just that we felt it was more for our peace of mind to be able to grow our nest without the burdens of loans and debts, and we were lucky to be in a position to achieve that.

Says a doctor who can earn thousand dollar an hour.

Anyone who has the ability to do the above, will have no problem settling any debt since money will never be an issue.

Principle sum may be devalued by inflation but loan interest rate is normally higher than inflation rate. Extended loan tenure may encounter economic uncertainty e.g recession which heighten default risks.