I'm still in my 20s but am fortunate enough to have a decent family background and have the chance to travel around the world already.

I was hooked when I first discovered the FI/RE or FF concept but I have discovered that this isn't really for young folks.

I do agree that we should go traveling as soon as possible cause that experience and exposure will have added value on us and help with our holistic developments. The same with using branded-but-not luxury stuffs (some branded stuffs are just household brands in the west but frankly we're too poor to afford them).

I would generalise it as my generation is exposed to decent living standard now thanks to the internet age. it's really hard for us to live frugally when we are already struggling to afford literally any property or even a decent car.

Then we are going back to the arguement "is travelling a boost to our personal skills or just a pure enjoyment".

That would be a 1000 words essay and I'll just state that I'm on the stand that travelling is good for self-development. It does in fact helped in my interviews, made me stand out in during my peers during working and let me have different views on investment per se.

Those are the points which make a person more valuable, higher pay and able to see opportunities and dodge risks. (actually made gains in bitcoins and sold everything before the peak and didn't go in like everyone else during the peak again)

This simply makes a person, i.e. me, to simply accumulate income faster.
Of course, my type of "travelling" involves a few weeks and a deep look in the culture of the locals, not just pure an insta-taking session like those "one week 3-5 euro countries" trip. Those are for me, pure waste of money and nothing to gain other than exhaustion and a great hit on the bank esp with our garbage exchange rate.

Those who has more exposure is likely able to adapt to new environment and challenge faster or easier. quick adaptation could be a advantage in the fast moving flat world.

Well, first thing is that I can see things you guys couldn't see from all the things I have listed 

Experience and exposure are stuffs one couldn't value with monetary terms yet having unlimited potentials.

It's the same thing about sending kids to overseas for higher education I'll say (having received one myself)
Wayyyy more than that and these two are the obvious ones ofc.

Useful for networking too 

It broadens ur horizons and gives u a wider view of the world. This helps in everything. Of course this is assuming u r a travelling person.

Hi guys, i have some question with FI, how do we know if we achieve FI? after our monthly passive income exceed/cover our monthly expenses?

yeah...

I achieved FI last year, but I want to retire in luxury

So continue working lah 

retire in luxury/comfortable means we need higher number in passive right? i assume everyone have different numbers but in what income do you consider as luxury? 10k passive monthly? 20k passive monthly?

You probably want to aim for a higher passive income before you stop working - the last thing you want to happen after you have stopped working (esp if you are over 50) is having to start working again due to you getting your financial plans wrong.

As only about 3% of adults in this country have over us$100k net worth mean most of reply are like asking a blind to lead a deaf.

if one need to live frugally means their income is too low? no?

if your INCOME is 50k monthly, you SPEND 10k/month and SAVE 40k every month, i think you can live comfortably with that 10k/month and still get to save half mil a year

i am getting almost 15k after all deductions.... spend about 7k including loans...balance safe ... considered good ?

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.

Those so-called 'fire sale' are still expensive if compared to prices prior to 2012. Usually the price would be 10-20% lower than market price only, but over the years, prices have shot up tremendously, some up by ridiculously as much as 100%. So we can still wait for the market to "re-adjust" itself, then only we go into bank lelong.
Mostly due to foreclosure as many of the auction units are in the range of RM300k - RM500k range.

Yeah, focus on spending is key.

i can agree with this as I have also dabbled in starting up a business in my industry for a year. but decided it was too much work and quit too.

I had three good paying customers before i even hired workers too..

but at the end, business start up are mostly bottom of the food chain. You will get bullied and pushed around by the bigger guys for years and years. Also, poor paymasters and constant stress in paying your workers with no money coming in, means you are always working on edge and doing unhealthy things.

Not easy being a businessman.

No difference whether you're big or small.  When you're big small guys will come along and try to undercut you and the customers will use the small guy to push down your price.  Sometimes your ex-staff becomes the small guy too.

Customers squeeze you because they either have KPIs or they want to be more profitable so don't take it personally.