ok lar... it could be that your situation is unique and doesn't fit into the common "template/mould".

I find the bands to be quite representative and I had seen data of income previously from my workplace. and yeah, i also retired early... which is why at times got time to reply in public forums...

oh yeah, in case one is interested to guage how rich is a retiree with passive income of 500rm x30 = 15K rm compared to himself if he was still a working person.
For a working person, 11% EPF contribution, 19% tax rate (high income mah), say 20% savings rate (if not how to retire), that effectively means 50% of one's gross active working income got removed. The person would only be spending on the remainder 50%.

so a 15K rm passive retirement income is like 30K rm gross pay and is definitely in the T10 category.
Play with the percentage by adjusting for your own situation...

Quite a number of highly educated people are highly dedicated to their own FIRE mssion so much so that they have forgotten to live their lives well. Time passes very fast and in a blink of an eye, you are there, not FIRE but old .

To achieve FIRE , live modestly to enable us to save well, not frugally for frugality over the decades will inbred into our character. So what if we achieved our mission, what if we are well off but also old and miserable.

You should say you're super kiamsiap and see whether the last one still sticks with you

Anyway, have a happy new year and happy investing in 2023

I see myself as frugal but i’m enjoying my life immensely

You're here too

How do you enjoy your life immensely?

he dun spend on himself... but but
i am also thrifty person.
but once the kids come.. and they grow up.. then
the story line change..

Just yesterday my kids educate me the 3 types of ARMANI..

i answer them WHO CARES...? but but.. money not spend by me
but next generation will help to spend it...

as parents not easy to say NO...

Private school is no more for the rich... its like a necessity for all.

I am thrifty. But not Ramjade's extend.
I still enjoy lots of things while I save.
Yeah. I don't buy into super brands consumerism.

I travel. I enjoy foods, theatre,etc.

Now that my children have graduated and working, I am thinking: Should I burn 400k on a car?

Chinese school? Or migrate to where public schooling is free and good.

buy la.. YOLO..

life is too short to be driving around in old car.. come so far in life just spend

buy 7 seater standby for extended family..

father mother kids then add in bf or gf.. then later add in grand children.

You spoiled your kids liao. What are they doing with Armani???

wait u hv anak la.. then u will understand..

Like those damn Alphards?

I prefer my Toyota Prados.

This post has been edited by prophetjul: Jan 1 2023, 04:23 PM

Don't worry I will keep my kids away from Armani, channel, Gucci.

With friends from private or international school, ig, influencers, etc, brand conscious is almost unavoidable. The challenge is how to make them not to follow the herd.

This post has been edited by icemanfx: Jan 1 2023, 05:32 PM

My son went to international school.and.now in college. He no Gip a Pak about brands and certainly don't follow herd. It's all about the parents upbringing.

your money won't follow you into the coffin... some things in life are not just measured purely by how much money you have but what experience you have in life... can see you are the responsible type when it comes to finance so if you think you can burn 400k on a car, i'm sure after burning, you'll still be very okay financially...so go for it... i have seen people being very frugal and forgot to live and have a life before going 6 ft under...

This post has been edited by kevyeoh: Jan 1 2023, 08:23 PM

nothing wrong with branded things i think...too frugal also not good....later become like cheapskate mentality

If you have showed them money does not drop from sky , they would be less likely to go that way.
So in your case you are safe la.


i have 4 kids also control them dont just follow what they want or the mother wants.

You have money spoil them , later when they grow up earnings unable to sustain that lifestyle,
how?

true, most important thing is you yourself feel contented and satisfied
enough.

but if we start comparing, wah he has that, how can i not have that......then no end to it..





not for kids la, wait till they can earn then only they should think about it.
Too frugal in cutting down on necessities tak boleh , no good
cutting down on luxuries for kids i think no harm.