OMG. You are Kaki also? I have recently purchased a ZX Spectrum NEXT clone called NGO. It's basically same (actually a little better) to the Spectrum NEXT. PM me if you want to know more.
Now I am trying to code C and Assembly on the NEXT. The NEXT is what the ZX Spectrum will be back in the days if Sinclair hasn't sold to Amstrad.

Wah lau...why you no invite....

Haha. Maybe true. I really don't want to interact with people unless they really Ngam key. No time to entertain people I don't care. But I do have friends since we were in Primary school and secondary schools and still keeping in touch frequently.

This post has been edited by CommodoreAmiga: Jun 21 2023, 03:47 PM

if got 100k can fire at indonesia? but how transfer it there?

Can start forest fire maybe...😅

Wan another type of FIRE. I lagi confuse hahhaha

was shocked for a moment... i tot you have the NeXT... lol...

c/c++ is nice to learn and powerful, especially calling functions using its address... but i never finish learning assembly...

anyways, nowadays i focus my coding on pinescript and config for a trading bot...

Having assets to generate passive income is different from being worldly and having lot of material things that do not generate income.

just curies how much you guys aim to make to be financially free?... 20k ktard passive income?.

You are financially free when your passive income >= your montly expenses. No need to be RM20k. If you are high earner yes can reach RM20k/month easily. Not so much if you are M40 or B40.

Of course you must have high savings power. No savings power with high earning power will just burn through your cash in no time.

It depends on how much you earn, how much you save, what's your investing returns, how long are you investing.

This post has been edited by Ramjade: Jun 21 2023, 07:53 PM

We aren't planning on having any kids.
It was one of the first things we talked about when we met as I'm quite a bit older.

Neither of us want any and ideally, wouldn't want to change our current lifestyle.
But we're both open to kids if the other changes their mind.

So I've factored the costs of having an extra 2 mouths to feed, clothe, and educate just in case.
It would require some minor sacrifices but a Lean + Barista FIRE is still doable.

This post has been edited by blingless: Jun 22 2023, 02:44 AM

Once you're covering all your expenses, you're pretty much there.
And although having a passive income source is the ultimate goal, I wouldn't rule out the option of Barista FIRE.

I'm choosing that route so I have more years to enjoy things and spend time with loved ones while I'm healthy and mobile.

Working an extra 5 years to FIRE 100% passively didn't appeal to me as life is short and there are no guarantees.
I don't have to be constraint by my passive source either when a little bit of work could open up a lot more experiences.

So long you've adfitional 2.5k a month, that's good for living now.

If you're a traveler, then maybe 10k a mth. So you can travel once every 2/3 mths or so.

Above only applies for really low maintanence person.

Personally. Aim to hit 20-25k per mth passive. 我穷怕了. Rather have more than less

That's great. At least you've plan B. Most people don't have.

my wife and I comfortable living on approx RM50k annually excluding replacement assets and holidays. We're semi retired around 50. But I guess to be financially free one has to be debt free, own 1 property to stay, and yeah RM20k passive income which you reinvest >50% of it if your age is <60. Nobody will complain if have more passive income of course.
That being said, keeping an active professional life is actually good. Maybe like working once or twice month or working on projects or mentoring. can easily bring in RM5k-10k or so if lazy.

I still see alot says FIRE and retire and still on the hind side need to work or think about money or 'semi retired'. Or if work once a while can bring in extra money is good etc.

My personal definition of FIRE is that you no longer need to work & worry about financials. If we still carry around that slight worry about making enough or not getting enough from passive to get by... that would mean we do not have enough.

Inflation and costs of good double up every 20 years, but it might have been accelerated recently due to few factors like shutdowns, logistics and climate change. I can't really see anyone living with 50k annually if they still have about 30-40years in their live ahead of them.

The optimum carefree amount that keeps popping into my head is around RM 4mil-5mil mark .
This is taking into account of inflation, some time to travel, enjoy what you eat, some bits to splurge on shopping and healthcare if needs be.

need advise on this situation

Age 49
I kid = form 1 + 1 wife

Epf 2 Million
ASM 2 Million
Total 4 Million

Average interest dividen from both approx rm16K per month (5%pa)

Can survive with rm16k per month?


current mntly expenses approx rm7-10k per month max

5m mark is /k standard liao... 20k per month... above t20 median income... this is very high level to hit...

when debt free... surely a lower amount can still afford a carefree living for normal couple... 2-3m is probably the comfy level imho...

sure

More than sufficient since you have excess of RM6k (assume no lifestyle changes RM16k-RM10k)

If you have extra education fund (at least for 11 years of school & college), all the better.

You need to factor in that your EPF and ASM returns are not growing yearly (rWPF been 5-6%p.a while ASM is 3-4%p.a) and the only way it can grow is injection of new cash. That means you cannot spend all the returns they give you. You need to keep some aside so that it can continue growing to keep up with inflation.

If you investment returns can increase automatically then it's a different story. That why I don't bother with EPF and ASM. I sold all my ASM and divert them into stuff which give like 4-5%p a and automatically increase 5-7%p.a What this means is I don't need to inject new money and over time I am not getting flat 4-5%p.a like EPF and ASM. I will be getting say 8-10%p.a with time.

But u dont get 8-10% every year, n i suppose this is not passive unlike ASM & EPF?

This post has been edited by MGM: Jun 22 2023, 11:25 AM