This day and age. Do virtual lo.

( Repost from another thread )

Because of FIRE movement, quite a number of forumers are trying to make the cut. In order to achieve it, most simply lower the bar by saying , i can live with such and such a sum every month.

There should be a targetted approach with high bar with a cutout age. For example :

A. If i reach a sum of RM50 million by the age of 35 then RE.
B. IF not a sum of RM25 million by the age of 40...
C. If not a sum of RM15 million by the age of 45 ...
D. If not a sum of RM10 million by the age of 50...
E. If not a sum of RM5 million by the age of 55....
F. If not retire by the age of 60 or work as long as needed...

My thoughts....

just noticed you posted here too...

btw, how come your definition of FIRE shifts so much from A to F? should you not be consistent with which version of FIRE you want?

disappointing with so much of downfall during covid.... made a dent to retirement saving


anyway, do you guys think rm3.5mil is enuff to survive?

approx 5% returns pa...
age 50


3.5mil x5% PA = RM14,500 PER MONTH

depending on your age i suppose. I will need more for my age.
To use up the 14.5k every month and let your principal get eroded by inflation over time is scary af.

This post has been edited by kbandito: Jan 10 2023, 11:04 AM

my monthly expenses so far is only rm6k per month

Then why are you asking whether Rm14.5k is adequate?

RM6k per month.RM3.5m investment assets. Meaning 2
05% annual withdrawal rate. Yes, can survive.

This post has been edited by Cubalagi: Jan 10 2023, 11:30 AM

maybe just flexing. but wrong thread to flex

Something from Thestar today 2 Feb 2023

From FIRE to mere embers
https://www.thestar.com.my/news/nation/2023...-to-mere-embers

Uncertainties dog early retirement plans of young Malaysians
https://www.thestar.com.my/news/nation/2023...oung-malaysians

Rm1mil in 30 years is a MERE Rm308k in present terms.

Good morning to most respected Unker's n Bros.

Where possible don't FI/RE, but embrace API.

API = Always Preserve Income.

Sekian sahaja.

For young people who want to plan for FIRE, my advice is to go for career that is in high demand in SG but stay in JB esp when RTS is up in 2026. U should be able to FIRE b4 45. Anyway nowadays when u r above 45 u r replaceable esp in SG.

Great advice, Bro.
And APP = Always preserve principal.

technically speaking, no one is irreplaceable. so to attain FIRE, should aim for high paying job, work hard in the younger years, save up and invest. 20 years down the road, should see a bright light at the end of the tunnel.

Yes. i can vouch for this scenario.
Get as high paying job as possible especially in your younger days. Save and invest. Time factor in investing.

yup time is really our best friend, but subject to one's willingness in saving up and investing, rather than splurging on all kinds of luxuries stuff.

but the big caveat is also the ability to get a high paying job, so gotta work hard for it, it doesn't come free/easy for average joe like us.

This, and also principal must be hedged against inflation.

What careerr in demand in SG now?

Sorry but better to seek advice from the "working in SG" thread.

https://forum.lowyat.net/topic/4211035/+9960

This post has been edited by MGM: Feb 2 2023, 01:15 PM