UM
USM
so dramatic
your supporter confused
no like

this FI/RE thingy is new concept ? never heard of it until now. if retire early then do what?

Unfortunately for her, white bosses are exhibiting racial bias to her colleague.

Unfortunately you are correct. I work in many countries also like this. So that’s why came back to Malaysia.

Yup that's right. Ok la. My profit for past 6 months have been hovering in the range of USD300-400/week.

if this is all you plan to spend, 3 million is more than enough. this is barely 2% drawdown.
you have 1 times buffer if u have faith in the 4% rule.

Renovation won’t help FIRE. Let’s change topic. I’m bad manage my finance need help. Last time I young travel many country sometimes buy property by mistake thinking it’s the last time i willl move. Guess what, old now and back to Malaysia the best place.
Should I sell my flat in spore then convert to ringgit? I will lose exchange rate right? Also will I kena tax? Or should I just keep it in spore but it’s a problem cause I old that time can’t go there collect rent

most people manage own money methinks.
how many in here use wealth manager?

is only at what level you manage it.
some like to micromanage
tracking daily expenses etc so be it.

i check 4 active SAs every few days, to see available balance not too much lie idle too long
i dont  check expenses at all
focus  incoming credits only to quickly deploy them out to work.

moving funds around cant be avoided
unless you dont want to earn more.
(you may think it is counting " pennies", but dropping few hundreds Rm here and there
over time can be a lot)

Also i got alot of BTs to plan and preplan (pay in advance to use same money twice!)
try use banks money first, own money  deploy  to work.
still i missed some 4k+ interest for 2 weeks PBB SA,
not my active 4,.forgotten got 6 monthly interest.

credits in also need checking  make sure all dues to us actually received.
i do this once  in 2-3 months, at times terlupa cant check any more,
BR only till 90D rekod lesap.

i still have a regular job

tracking daily spend too difficult for me,
but i need to keep some 40+ cc records
to  owe the max till last day
park some 60k in KDI in case no 0 interest  0 fee BTs..

the other day  nearly missed RM10k due for 2 MBVS cards
luckily could get cash same night to clear.. 

PS;
KDI just announced EAR now 4.0% 

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.

I spend estimated RM130k for my eldest from form 1 to form 5. then about RM450k for university in japan. that was 5 years ago when the ringgit was not so bad. Unfortunately the ROI is not even 0.1%

I would not. My eldest now enjoys her work. It is her hobby. Earns in Yen and USD but I don't get a cut of it. hahahaha but nvm as long dun ask money from me can already.
I can also tell you local education are way behind other countries especially in science, medical, AI, robotics, industrials,  etc... The m'sian government just don't support these areas and don't fund it. For this reason, my son is funded by the Switzerland and German universities to research for them. The result of his research will never be Malaysian.

Only 1 downside : eldest in Japan, youngest in Europe. 2 old mum and dad in M'sia

There are 3 months in a year that I'm unable to generate $100,000 per month. I know it sounds childish, but I'm hoping to work until I have enough bonds or other instruments that can boost those numbers up to $100,000 per month, every month, for the entire year.

Who knows, when/if that day comes, I'll report in and let you guys know!

Yes, that saves a lot of headaches if a split should ever happen, but it may also cause a lot of heartache if the marriage was formed with an intention that it was doomed to fail ... never an easy solution.

That does not apply in Malaysia.
Gold has a CAGR of 9% In Ringgit over the past 20 years.
Malaysia property and stock,  REIT can't even beat it.

Please calculate using CAGR instead of average return.
Only land in certain location can beat this and land investment is highly illiquid compare to gold etf.
Land investment also incur alot of indirect expenses that will eat into your gain.

My view is for early retirement we need consistent cash flow to support our dialy expenses

I target this by invest in dividend stocks like maybank RHB bank OCBC banks uob banks Hong Leong industries etc which can give me more than 7% dividend which i Bought AT Low price years ago

Next is i use asm as my saving account which gives me higher rate

Dividend stocks especially banking can give you very stable income
Which 5 million invested in shares can provide you a monthly income of RM 25k