bro guy3288... most ppl already live a b40 lifestyle... nothing wrong being frugal without luxuries... in bro ramjade case, he is being selective only spending money on healthy food and private school, etc...

as for time, he is not working 3 jobs 14 hr day not spending time with family... he is probably doing a most relaxed job to meet parents expectation and tax benefits...

as for fire... at 40, he has 20 yrs of extra "9 to 5" time to spend on himself n wive that would otherwise be given to some company... buying back time in this respect...

I can choose to do options or not to do them as long as I got full passive income coming in. Right now cannot cause if I stopped the income stops also. My dividends don't even fully cover my annual salary yet.

So what I can do now is

Live as low live as possible as until I get married.
Work like a donkey, do every OT that is available
Invest aggressively
Never let lifestyle inflation crept in

bro guy3288... most ppl already live a b40 lifestyle... nothing wrong being frugal without luxuries... in bro ramjade case, he is being selective only spending money on healthy food and private school, etc...

as for time, he is not working 3 jobs 14 hr day not spending time with family... he is probably doing a most relaxed job to meet parents expectation and tax benefits...

as for fire... at 40, he has 20 yrs of extra "9 to 5" time to spend on himself n wive that would otherwise be given to some company... buying back time in this respect...

bro guy3288... most ppl already live a b40 lifestyle... nothing wrong being frugal without luxuries... in bro ramjade case, he is being selective only spending money on healthy food and private school, etc...

as for time, he is not working 3 jobs 14 hr day not spending time with family... he is probably doing a most relaxed job to meet parents expectation and tax benefits...

as for fire... at 40, he has 20 yrs of extra "9 to 5" time to spend on himself n wive that would otherwise be given to some company... buying back time in this respect...

Which country to go for European holidays? just saw a YouTube on how bad paris has become.

That's right. That's why I said depends on how much you can live by. If you don't have much wants can get by with RM1m or lesser.

You want private schools for your children and dont have much wants ? Pls dont sent them to private schools. Privates schools are also among other things to rub shoulder with the affluent to build future business relationship. It cost lots of moolah to build relationship.

I am not sending them to build relationship. I am sending them so they can get a chance to go out of the country. Something I cannot do.

It is parents responsibility to give the best education they can afford to their kids.

I am not sending them to build relationship. I am sending them so they can get a chance to go out of the country. Something I cannot do.

It is parents responsibility to give the best education they can afford to their kids.

They will hate you for this. Could not keep up with their peers. Sending out of country is simple, just need enough money. I could afford to sent all my children overseas without scholarship but i told them to study locally.

question is, is overseas really better? where are we talking about?

May be in the past, but do u want to spend hundreds of thousands to get a qualification that no longer offer job security n opportunity in the AI era, should be the big question?

Yar lor,
Since the Dad is very skilled and good in trading option and buying shares and profits from it until can FIRE by 40+ yrs old and had been passing on that skills to the mother before their marriage.
Why not use teach and pass on that skill to the children instead of spending xxxk on overseas education that can no longer offer job security?
Why not use the xxxk as a working capital for investment. The Dad does not hv xk when started investing, yet the Dad can FIRE by 40+.
If Dad gave the children xxxk to start, ......huat + no worry abt job security.

If the Dad can be successful by just reading articles from the website of investing gurus, then imaging the outcome of investing if have one to one guidance and financial support of a guru Dad.

bro guy3288... most ppl already live a b40 lifestyle... nothing wrong being frugal without luxuries... in bro ramjade case, he is being selective only spending money on healthy food and private school, etc...

as for time, he is not working 3 jobs 14 hr day not spending time with family... he is probably doing a most relaxed job to meet parents expectation and tax benefits...

as for fire... at 40, he has 20 yrs of extra "9 to 5" time to spend on himself n wive that would otherwise be given to some company... buying back time in this respect...

Yar lor,
Since the Dad is very skilled and good in trading option and buying shares and profits from it until can FIRE by 40+ yrs old and had been passing on that skills to the mother before their marriage.
Why not use teach and pass on that skill to the children instead of spending xxxk on overseas education that can no longer offer job security?
Why not use the xxxk as a working capital for investment. The Dad does not hv xk when started investing, yet the Dad can FIRE by 40+.
If Dad gave the children xxxk to start, ......huat + no worry abt job security.

If the Dad can be successful by just reading articles from the website of investing gurus, then imaging the outcome of investing if have one to one guidance and financial support of a guru Dad.

They will hate you for this. Could not keep up with their peers. Sending out of country is simple, just need enough money. I could afford to sent all my children overseas without scholarship but i told them to study locally.

sometimes there is nothing to spend on. got money also dont know what to buy.
For eg. dining in expensive restaurant with overpriced drinks- i never liked those drinks and still prefer teh tarik at the local mamak shop. so less dine in these restaurants.  some ppl might say stingy or fake rich or so on but if you dont have the desire/interest, you will go on your likes/wants.

imagine, after 40, interest in cars also not much even when you can buy what you want by cash.  last time car got ding dent boom scratch,  must straight go repair.... now just keep until sell the car

btw, i have set target 6M with conservative returns 5% to completely fire. Just 2-3 years away.  Can extend but i dont need to accumulate any more  $$$ bcse no desire in luxury spending anymore.
.

Why not use teach and pass on that skill to the children instead of spending xxxk on overseas education that can no longer offer job security?

If Dad gave the children xxxk to start, ......huat + no worry abt job security.

Skills can be taught. Emotions cannot. They will experience the skills through a different emotional filter.
An endowment without requisite experience will have different outcomes.

If you read closely you know my strategy.

I hold cash and deploy them when I see fit. It's not about being inefficient. Like I said I got a huge watchlist. I don't market time as much as ASSI or Mr tako escapes. I do market time on and off. Because of my huge watchlist likely every few months got stuff to buy when things sell off so use the money earn and redeployed them. To outperform the market you need 2 things
1. Cash to buy when market/stocks are down
2. Guts to buy and the will to buy

I hold cash and buy when stocks are down. I did not reinvent the wheel but just follow those successful people.

Lots of people want to wait for 50% crash or keep shifting the goal so good luck la. Like my latest buy Palo alto, it crashed it straight buy. Marsh McLennan came down also I buy. Got so many things on sale. Msci is also fair price can buy some. I don't wait like 50%. If you want to wait for like 50% good luck you will never buy anything. 10-20% drop I already deployed some cash. The more it drop, the more I buy.