FI/RE - Financial Independence / Retire Early
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 May 20 2023, 04:33 PM
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#21
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6,230 posts Joined: Jun 2006  
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QUOTE(batman1172 @ May 20 2023, 03:57 PM) It’s hard to find Malaysian to be expat even if the salary was usd10k like 15 years ago. Even if the job is doing nothing much. End up I have to find a Filipino. contract expat looking at $800-1.2k per day oh... $10k per month definately hard to find ppl ah... |
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May 20 2023, 04:40 PM
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#22
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Senior Member
6,230 posts Joined: Jun 2006
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QUOTE(gamenoob @ May 20 2023, 01:27 PM) This is the number I’m aiming for too including the kid as well even if they hitting working bracket soon. The gap is now how to get another 50% more to cater for those unexpected non regular expenses. lucky for me... i got a high performance wifu Just wanted to be safe/conservative to plan for it. If kid fully settled down, then it’s bonus la.  she definately help out a lot on finances... |
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May 21 2023, 10:41 AM
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#23
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Senior Member
6,230 posts Joined: Jun 2006
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QUOTE(trumpkampung @ May 21 2023, 10:15 AM) Not sure shall i FIRE or not? i will continue to work for fun until 50... add another mil or so to account...Age 45.. 1.6Mil kwsp 1.5mil ASM All paid off at 50 think retirement again... prob do it then...  retire too early no fun because good friends all still busy in the rat race... unless you have plans n desires that will keep you active and occupied then go ahead... magika liked this post
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May 21 2023, 10:48 AM
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#24
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Senior Member
6,230 posts Joined: Jun 2006
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QUOTE(Wedchar2912 @ May 20 2023, 07:33 PM) don't worry... I think Ramjade is not using any local broker (i don't know any that offers such facility) to sell options. you want to pay a bit of tax to keep them happy and avoid troublesome audits... legally no need to declare anything as long as not bring the premium back to Malaysia just do grab for fun should be fine... Ramjade liked this post
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May 21 2023, 12:46 PM
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#25
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6,230 posts Joined: Jun 2006
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QUOTE(Wedchar2912 @ May 21 2023, 11:49 AM) imo, if he is not sending money to Malaysia, then it should be ok. when your whole life is regular pcb salaried person... then suddenly stop... will trigger lhdn and higher chance for random audits... not just big buying or selling... wifu and i been audited 4 times past 5 yrs because of small mistakes by employer and self ie, I am sure he has funds in Malaysia and by utilizing said funds, he can prove he is drawing down on his own assets in Malaysia and that is fully in compliance with tax code. nothing illegal. of course, if flashing spending like getting a 5 series, that may attract more effort by LDHN.  des why i very familiar with tax... hahaha...most of the time they just want explanation on item abc... but sometimes they ask you provide doc for year xyz and then they do deep dive try dig up any dirt... very ma fan one i tell you... hahaha... yes you did nothing illegal... but just try avoid their crosshair lah... |
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May 23 2023, 11:08 AM
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#26
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6,230 posts Joined: Jun 2006
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QUOTE(Ramjade @ May 23 2023, 10:26 AM) For me it's very simple. It's your money and your future family well being. I do what I do to protect my future buying power than depending on hopium which is dangerous. i support...Not to scare anyone but if you planning for retirement or early retirement, you need to consider your future purchasing power. young ppl to take more risk, explore more opportunities, build wealth, sucure future n retirement... and old ppl to park everything in epf...  CommodoreAmiga liked this post
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May 23 2023, 11:33 AM
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#27
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Senior Member
6,230 posts Joined: Jun 2006
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QUOTE(romuluz777 @ May 23 2023, 11:28 AM) The very steep increase in living costs only during the past 1 year does ring alarm bells on the issue of future purchasing power. des why must plan for buffer... or be more conservative in planning... romuluz777 and Ramjade liked this post
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May 24 2023, 11:59 AM
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#28
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Senior Member
6,230 posts Joined: Jun 2006
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QUOTE(Ramjade @ May 23 2023, 03:49 PM) You can join the telegram via his blog. You can even review his holdings there. why he wants so many... https://paullowinvestmentjourney.blogspot.com/ He's not the best guy to follow as he hold on to losers like Singtel, singpost, sph. For him as long as company pay dividemd he's a buyer regardless quality of the company.  eye blur liao... |
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May 25 2023, 11:39 AM
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#29
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6,230 posts Joined: Jun 2006
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QUOTE(Ramjade @ May 24 2023, 01:17 PM) Like I said he buy everything that pays a dividend whether they are good or bad as his thinking is every companies that pay a dividend is good. Lol. do you know what is his average div yield?looks like he doing law of large numbers... just whack everything to get a large sample size... lol |
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May 25 2023, 11:45 AM
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#30
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Senior Member
6,230 posts Joined: Jun 2006
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QUOTE(Lembu Goreng @ May 24 2023, 01:40 PM) yup, I park in EPF (not everything though) and right now just shake balls at home living off dividend one should have at least matching account size outside of epf...  wifu doing 60% salary deduction into epf now... she dun wan to shake leg yet... wongmunkeong liked this post
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May 25 2023, 11:52 AM
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#31
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6,230 posts Joined: Jun 2006
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QUOTE(Chrono-Trigger @ May 24 2023, 06:28 PM) I thought as much, probably cut down on work hours or negotiate with boss with voluntary cut in salary and working hours. QUOTE(Wedchar2912 @ May 24 2023, 07:39 PM) Only if your direct manager/boss can be trusted... and if there are precedence that your firm allow such arrangement. bosses want ppl that can do 2 person's job... you come tell me wanna shake leg... i'd fire you immediately if i can... hahaha...else, you may soon find yourself at the wrong end of the wrong type attention. best find good paying zero effort type job that you can quietly retire... some big companies have corporate affairs dept... some guys job there is mostly read newspaper and magazines, cut n paste and compile summary to management... lol... |
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May 25 2023, 12:25 PM
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#32
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Senior Member
6,230 posts Joined: Jun 2006
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QUOTE(Wedchar2912 @ May 25 2023, 12:13 PM) if your wife is fine with working (better still if she is enjoying her work) or the work load is decent, let her continue... Also does this mean you don't need to give her any monthly allowances? hehe i eating her slipper rice now actually...  if it has not happened yet, she would be very relief the day her epf can generate dividend higher than her yearly expenses our epfs quite healthy liao...  |
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May 25 2023, 02:40 PM
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#33
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6,230 posts Joined: Jun 2006
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QUOTE(guy3288 @ May 25 2023, 01:48 PM) i agree with the first part, not contradictory if you follow the discussions... someone says nego with boss do less work take less pay... i say doesn't work... imply best change job that meets the intent and give a tongue in cheek example of such job... sure got other duties lah than just reading newspaper... boss always want worker work for salary. but next you said go find salary with zero effort, got such bosses? read newspaper cut magazine and paste....... good salary for no effort work? contradictory statements....  wah that doesnt sound nice for a man to say..... living off woman´s money...... i would rather say my wife is financially independent i dont use her money. big companies will have a corporate or external affairs department... pay is ok because have to follow pay scale... and more than ok if its mnc... as for "living off her money"... is only temporary... |
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May 25 2023, 03:55 PM
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#34
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Senior Member
6,230 posts Joined: Jun 2006
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QUOTE(ronnie @ May 25 2023, 03:20 PM) gender equality.... it's time for wife to earn big bucks while the husband stays at home. yup... but one thing i learned... the household dynamics really changed... it has a profound effect on me, the humble husband, as the receiving party... |
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May 25 2023, 04:10 PM
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#35
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6,230 posts Joined: Jun 2006
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QUOTE(batman1172 @ May 25 2023, 02:59 PM) Yes that's one reason why wife and i continue working after 45 although we could retire and do nothingness and still finance kids for studies but stay at home do nothing... is a you problem... The issue is not money We don't want kids to see us doing nothing at home. Won't motivate them at all to work harder and improve themselves. We want them to start from zero and work their reputation up.  plenty of other things you can do for them to learned by example... Wedchar2912 and CommodoreAmiga liked this post
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May 25 2023, 05:10 PM
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#36
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6,230 posts Joined: Jun 2006
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QUOTE(kenzotaj @ May 25 2023, 04:34 PM) What i am trying to say is 5mil may seems alot now, in cash.. depends on population growth.... current generation hard to have kids, des why got tax incentive for fertility treatment... and many dun wanna have kids...And she is spending the FD interest and KLSE dividend as monthly household expenses, hence losing the compounding magic (if not being re-invested) Moreover in another 20 or 30years , your 5mil will 'feel like' 2.5mil in PPP. Only Fixed Asset with rental income will be stable in value. Long term wise, the shop will appreciate. and Rental also appreciate. if futures generation a lot end up tongkat ppl because gov sucks... your rental income is not that safe like you've envisioned... Sihambodoh liked this post
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May 25 2023, 05:21 PM
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#37
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6,230 posts Joined: Jun 2006
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QUOTE(Sihambodoh @ May 25 2023, 05:13 PM) This is one of my biggest worries. I need to diversify into other countries using Ramjade's method of buying foreign stocks. one reason i got no ringgit to spend... and rely on wifu stipend... is i keeping usd offshore wongmunkeong and Sihambodoh liked this post
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May 25 2023, 06:02 PM
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#38
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6,230 posts Joined: Jun 2006
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QUOTE(Wedchar2912 @ May 25 2023, 05:33 PM) u have the best forced savings method ever! actually i slowly bring back liao monthly pump to her rhb mca account... park there usd fd 5% bring back the usd lar to pump up our myr... so sad to see it now at 4.62.... tried to google search what was the lowest ringgit ever got during asian crisis (i thought it was like 4.8) but google returned that right now is the lowest...????? Wedchar2912 liked this post
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May 25 2023, 11:39 PM
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#39
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6,230 posts Joined: Jun 2006
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QUOTE(kenzotaj @ May 25 2023, 10:37 PM) Maybe let her tell her side of story.. as someone whom obviously has the brain and wits of accumulating 5mil to reitre early and yet glaring devoid of any fixed asset for rental income.. hopefully she could / would enlightened us instead.. .. lol... its her choice...my 1st house, end lot with nice garden, my bro stays there rent free 10 yrs liao... my choice... wongmunkeong liked this post
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May 26 2023, 12:08 AM
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#40
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6,230 posts Joined: Jun 2006
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QUOTE(guy3288 @ May 25 2023, 11:35 PM) agree with you,no fixed assets... she has a condo... dunno her old place... for me properties rank 1 in ROI 25.9% pa going by annual return over cost i would have regretted if didnt whack 11 yrs ago rentals up, cost averaging down from sold units nice... high roi can only get from cheap cheap properties... only flipping can get higher... what is your roi after tax? |
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