Not easy for a STEM graduate.
May be work in an Option Training School helps?

Let say u r a fresh STEM  graduate with savings of 1 mil, with no investing knowledge but decided to embark into investing life without working a regular JOB (see no job security due to AI) how would u do it to get FIRE.
What about start working at an option training SCHOOL to learn?

Frankly never crossed my mind, im self employed, but there is the fear if I decided I dont want to carry on the business.

U bring up a very good point, if I stop everything now, money maybe coming in like 15k a month, tops? May need to sell some assets to cover living costs. Property insurance and all those assessment fee quite a sum yearly and most likely family insurance is a priority, there goes a big chunk as well
Or worst case sell all the assets and turn it into liquid, shud be able to get about 4 to 5m

Yeah, I mean, that's the reason I pump it into EPF instead of relying on options or even dividends which are not so consistent.

Let say u r a fresh STEM  graduate with savings of 1 mil, with no investing knowledge but decided to embark into investing life without working a regular JOB (see no job security due to AI) how would u do it to get FIRE.
What about start working at an option training SCHOOL to learn?

Maybe already been put out here in the past…i think it’s good for sharing.

AI summary:
The fundamental message of the chart is exactly what the title states: The more money you save out of your paycheck, the less you need to rely on the stock market to do the heavy lifting for your retirement.
Here is how to read and interpret the curves:

1. The Low Savings Rate Trap (Left Side)
If your savings rate is low (e.g., 5% to 10%), the lines are incredibly steep and spaced far apart.
At a 5% savings rate, if you get a 10% return (red line), you can retire in about 30 years. But if you only get a 4% return (green line), it will take you nearly 80 years to retire.
Takeaway: When you don't save much, you are completely at the mercy of investment returns and market luck to reach financial freedom.

2. The Power of "Brute Force" Saving (Middle to Right)
As you move your savings rate past 40% or 50%, notice how sharply the curves drop and how close together they get.
If you save 60% of your income, it takes you about 12 years to retire if you get a bad return (4%), and about 8 years if you get a great return (10%). The gap between success and failure shrinks to just a few years.
Takeaway: High savings acts as a "brute force" mechanism. It reduces the number of years you need to work drastically because of two simultaneous effects: you are accumulating cash incredibly fast, and you are training yourself to live on a smaller percentage of your income (which means you need a smaller nest egg to retire).

3. The Diminishing Returns of Market Performance
At a 10% savings rate, jumping from a 4% return to an 8% return shaves almost 40 years off your working life.
At an 80% savings rate, jumping from a 4% return to an 8% return shaves off less than a single year.
Takeaway: For aggressive savers, optimization of asset allocation, picking the perfect stocks, or worrying about market crashes matters very little in the early-to-middle stages of wealth accumulation because your savings rate dominates the math.

The chart was created by Nick Maggiulli, the Chief Operating Officer and Data Scientist at Ritholtz Wealth Management, and the author of the popular personal finance blog Of Dollars And Data (as credited at the bottom of the image).

thanks for the clarification

unless I reduce my spending , FIRE would be far fetched for me

in a perfect ideal setup, most likely able to achieve 8 to 9m in overall net assets by 50, one can only wish for it to happen
but im not too confident in it

I think first thing first is to keep track of your expenses in detail for at least 6 months to a year to know where you're spending your money on.

From there you'll have to decide what expenses to cut. For example, when you said your dining out is cost in thousands per meal, that sounds very luxurious to most of the folks in this forum. Perhaps this is probably the easiest to control.

hmmm, this are not omakase courses, just air conditioned dinner and entertain perhaps
maybe like once a week, I think alcohol is exp in msia
safe to say average 4 to 6k a week? most of my meals are home cooked actually
lets say if im out once a week only,  a bottle of whisky will be ard 600 to 800 depending on the premises, if one night 2 bottles, already over 1k
maybe really need to cut down on socializing to bring down the expenses

ramjade at 4m, 3.8% most likely 12k a month

hmmm, this are not omakase courses, just air conditioned dinner and entertain perhaps
maybe like once a week, I think alcohol is exp in msia
safe to say average 4 to 6k a week? most of my meals are home cooked actually
lets say if im out once a week only,  a bottle of whisky will be ard 600 to 800 depending on the premises, if one night 2 bottles, already over 1k
maybe really need to cut down on socializing to bring down the expenses

ramjade at 4m, 3.8% most likely 12k a month

It is your life. Not mine. I prioritize the saying that if you got no job and no pay tomorrow I will be OK. So you need to decide where are your priorities. You are earning Rm30k per month. I can do and invest a lot with Rm30k. Again depends on how desperate you want and how determined you are. If you half heartily act on it then good luck.

Never drink. Drinking kills your liver. Yes feel good now but the truth is you are paying to poison yourself.

Should be ok I hope, may need to cut down on expenses I guess
May need some frugal lessons from you for sure, to balance out, I think im fine with M40 life, but definitely not b40
are u FIRE now? or working towards it? if so how many more years you reckon?

hahaha I enjoy drinking, of cos not as often and in moderation I hope

You mentioned that you enjoy drinking 

Why not consider buying the same drinks directly from the store and enjoying them at home or at a friend’s place instead of drinking at restaurants/bars where the markup is usually substantial?

To me, that’s probably one of the easiest “expense kills”:
you still get essentially the same consumption/enjoyment but at a fraction of the cost

So you’re reducing spending without really sacrificing the experience itself.

Should be ok I hope, may need to cut down on expenses I guess
May need some frugal lessons from you for sure, to balance out, I think im fine with M40 life, but definitely not b40
are u FIRE now? or working towards it? if so how many more years you reckon?

hahaha I enjoy drinking, of cos not as often and in moderation I hope

but it seems the keyword of FIRE is to reduce spending , and not earning more, and get passive income

* come to think of it, if I do live like a b40 since like 20 years ago, I think I FIRE now 

yea, sometimes we do BYO also if the premises allowed

certain premises we go have minimum spending    so no choice

but yes , I do agree I need to cut it, all these alcohol a month, I think I can pay for a new car installment instead of driving decades old car 

but it seems the keyword of FIRE is to reduce spending , and not earning more, and get passive income

* come to think of it, if I do live like a b40 since like 20 years ago, I think I FIRE now 

I am already LEAN FIRE. Like I said if I got no job tomorrow, I am totally fine. That was my to do list even before working. For FAT FIRE maybe another 10 year. My passive income is already 3 months of pay 3/12 (getting free 3 months of pay every year). My semi passive income is already 2x my monthly income. Basically I got 24months of pay for doing very little (not working for it)
My four pillars are
1. High savings rate
2. High income helps a lot but not the main driver.
3. More income if possible
4. High returns.
Best is have all 4. You can earn more or you can do all 4. I don't want to earn so much as this country love targeting T20.

The podcast I listen to said doesn't matter how much alcohol. Every ml is toxic.

yea, sometimes we do BYO also if the premises allowed

certain premises we go have minimum spending    so no choice

but yes , I do agree I need to cut it, all these alcohol a month, I think I can pay for a new car installment instead of driving decades old car 

but it seems the keyword of FIRE is to reduce spending , and not earning more, and get passive income

* come to think of it, if I do live like a b40 since like 20 years ago, I think I FIRE now 

I am already LEAN FIRE. Like I said if I got no job tomorrow, I am totally fine. That was my to do list even before working. For FAT FIRE maybe another 10 year. My passive income is already 3 months of pay 3/12 (getting free 3 months of pay every year). My semi passive income is already 2x my monthly income. Basically I got 24months of pay for doing very little (not working for it)

...

Bro… I know I’m repeating myself 😅 but I still feel this is worth saying again.

Honestly, I really think you can comfortably afford to increase your current spending budget by maybe 1 to 2K pm.

In the grand scheme of your FIRE journey, I genuinely doubt it would affect your long-term plan at all. In fact, you may not even notice any difference.

But on the flip side, that extra 1 to 2K pm would improve your quality of life right now quite significantly.

yea, sometimes we do BYO also if the premises allowed

certain premises we go have minimum spending    so no choice

but yes , I do agree I need to cut it, all these alcohol a month, I think I can pay for a new car installment instead of driving decades old car 

but it seems the keyword of FIRE is to reduce spending , and not earning more, and get passive income

* come to think of it, if I do live like a b40 since like 20 years ago, I think I FIRE now 

Bro… I know I’m repeating myself 😅 but I still feel this is worth saying again.

Honestly, I really think you can comfortably afford to increase your current spending budget by maybe 1 to 2K pm.

In the grand scheme of your FIRE journey, I genuinely doubt it would affect your long-term plan at all. In fact, you may not even notice any difference.

But on the flip side, that extra 1 to 2K pm would improve your quality of life right now quite significantly.

FIRE is ultimately just a journey — one that, in simplistic terms, can be represented by words, numbers, and formulas 🙂

There are many ways to approach it:
cutting inefficient spending, delayed gratification, etc... or
increasing active income, passive income streams, improving investment returns etc

But realistically speaking… which is easier to advise and to implement for most people?
Is it easier to cut obvious inefficient spending
or
suddenly grow your business income significantly?

Plus, who am I to teach you how to run your business when you yourself are the specialist between the two of us? 😄
That’s why advice like:
stop smoking, stop excessive drinking, cut down sugar/carbs, avoid changing cars every 3 years, stop getting new iphones every year, reduce lifestyle leakages
…is usually easier, more practical, and more actionable for the average person.
And btw "FIRE is only about reducing spending and not about earning more/passive income?" ???

I stopped working 5 years ago.
Today my monthly spending budget is actually higher than my old actual monthly spending before I quit
and my passive income is comfortably higher than my previous active income 😅

...and that’s before even including my semi-passive income... lol.