I have been FI for few years, and this week, I have been thinking my child's uni education, which going to happen in 9 years time.

I was wondering, what are the ways u guys are doing for yr child's uni education? Hoping I will be well prepared

80% market crash still possible nowadays especially in big economies?

In the net has many articles pointing to, ....

"It is estimated that 70% of wealthy families will lose their wealth by the second generation and 90% will lose it by the third."

Teach them about money and all you know about how you made it big.
They may not listen but at least you tried.
No heart pain as you are gone already

Actually all of you have your valid points from your side of fences. The larger problem for the country as a whole, can't be view from a single perspective. However we can't deny the fact is if more people retire early because they are FIRE.. especially FAT one where they replicated their income, the country will run into budget issues with lesser tax collected from these FIRE folks as they are likely peak tax bracket payer.

One may argue lower staff get promoted to the next level but we all know it take a while for that new chap pay to catch up or may not as some corporate will cut cost and reduce level.

And if the targeted subsidies are abuse, its double whammy. Same story of those on PTPTN folks despite can pay back decided to abuse it by saying because peter not paying so I'm not going to, or only pay minimum. Yes it's their right but, just because you can doesn't you should.

When one FIRE, they are paying much much lower tax vs when earning active income. Whether they want to be productive beyond certain age, it's their prerogative but the fact is tax contribution is lowered. In MY context it's even more complex with different tax option that segregate the collected tax distribution.

To digress a tad. Same issues with automation, when workers replace by robot, ai, etc.. the tax contribution will drop. Revenue is up for the corporate but the tax collected at corporate level will not equal the overall aggregate factors when they are more employed worker. There is an article I read on this, can't find now but those are interesting points to look at when such impact are widening.. while FIRE is much smaller in numbers but Im sure those that fat fire, the cumulative tax reduction are significant.

Technically I retired at 55 and FI and I did for a while but I'm back to corporate world again because opportunity came and I'm back to the same tax bracket per my last role. I need to build a regional team, hire more people, bring more works to Malaysia. Kinda of go to waste if I were continue FIRetired. Actually I want to work beyond 60 if health permit. Brain and body need to work and stimulation to get going, kids grown up etc. but I'm a lot more selective on what I do now. Money is important but that important..or you may say money not important but still important. Bread come before love.

Health is wealth!

Something I realized is that improving health has paralels to increasing wealth. There is a compounding effect in play. Very incremental changes that snowball over time.

Change to a healthier lifestyle, then there is a positive compounding effect. Like ones epf.

Start living a unhealthy lifestyle, then its negative compounding. Its like not paying credit card statement on full. Slowly over time, the debt gets bigger until u go bankrupt.

As like building wealth, the earlier the positive compounding starts the better. But also, even if start late, there are big benefits.

However, ultimately, we are mortals. There is an expiry date to life. We need to balance with living an enjoyable life.

I think preventive is good but I won't go to extreme until I cannot enjoy nice food etc. There are things that we cannot control, preventive action is just lowering the chances but I know of people with strict diets and workout ended up with illness that took their life before 40, and not just one case. Besides, why are we following Mediterranean diet when countries like Japan has some of the oldest people? Shouldn't we follow the diet from these people?
No you cannot override, because we are not God and DNA code is not like programming code where we can easily remove one line or two if we found a bug there. Even though you have the family history of cancer, doesn't mean you will confirm get it. It's the higher likelihood.