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 FI/RE - Financial Independence / Retire Early

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CommodoreAmiga
post May 20 2023, 09:48 AM

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QUOTE(Haloperidol @ May 20 2023, 09:42 AM)
born in 93 lol  sweat.gif
This is the highest achievement, you know what you want, and you already achieved it.
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Thank you. Hope you found yours and you probably have done better than me when I was your age. I see bright future ahead of you. (The real bright future, not the kind you read in news...).
Ramjade
post May 20 2023, 09:50 AM

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QUOTE(prophetjul @ May 20 2023, 09:48 AM)
Unfortunately for her, white bosses are exhibiting racial bias to her colleague.
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And here I am I thought Australia is an ok country. sad.gif
Was planning to take exams and go to Australia.

This post has been edited by Ramjade: May 20 2023, 09:51 AM
CommodoreAmiga
post May 20 2023, 09:52 AM

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QUOTE(prophetjul @ May 20 2023, 09:48 AM)
Unfortunately for her, white bosses are exhibiting racial bias to her colleague.
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Fark arrogant angmohs, I always say. Ptui!
prophetjul
post May 20 2023, 09:53 AM

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QUOTE(Ramjade @ May 20 2023, 09:50 AM)
And here I am I thought Australia is an ok country. sad.gif
Was planning to take exams and go to Australia.
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Generally it's ok. It's rare. But it happens.
But racism does not happen legally like in Msia.
So far, most of my friends are doing reasonably well. Having migrated from 30 to 20 years ago.
And Aus is still growing. A young country.
CommodoreAmiga
post May 20 2023, 09:54 AM

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QUOTE(Ramjade @ May 20 2023, 09:50 AM)
And here I am I thought Australia is an ok country. sad.gif
Was planning to take exams and go to Australia.
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Australia pretty racist wan lah...aren't they descendants of British criminals or something?

And I farking hate Australian slangs.
gashout
post May 20 2023, 09:54 AM

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QUOTE(CommodoreAmiga @ May 20 2023, 09:15 AM)
Good luck to you bro, just count all your expenses for whole family and combine all income source.

I was also scared when I did it to be honest, also will be good to do this before you jump the gun, calculate actual expenses and income for every month for say 6 months. This will helps to gi e you confidence.

Even today, I made a habit to capture most my expenses via a phone app. Just shot the receipt and it will capture all the info. End of the month, export the data to Excel files and do your maths.
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thanks. im just worried i save up too much biggrin.gif biggrin.gif

my field is where the older i become, the more money i make, so ill mostly stay working. but won't strive so hard.


QUOTE(Ramjade @ May 20 2023, 09:24 AM)
Debt free will give ultimate peace of mind as there's no one chasing you for money.
If you invest correctly, actually your investment can pay for your insurance (that's what I am planning to do). It will be my dividends who pay for my insurance and my capital won't even be touched.
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Yup, I would also recommend people nearing 50 to clear off your debt asap, and not have more debts.

having debts in old age is no fun.
prophetjul
post May 20 2023, 09:56 AM

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QUOTE(CommodoreAmiga @ May 20 2023, 09:54 AM)
Australia pretty racist wan lah...aren't they descendants of British criminals or something?

And I farking hate Australian slangs.
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Not that bad lah. Most of my friends who migrated 30 to 10 years ago are doing well.
You get the odd ones. laugh.gif
CommodoreAmiga
post May 20 2023, 09:57 AM

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QUOTE(prophetjul @ May 20 2023, 09:56 AM)
Not that bad lah. Most of my friends who migrated 30 to 10 years ago are doing well.
You get the odd ones.  laugh.gif
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Lol. Maybe. Good for your friends! thumbsup.gif
prophetjul
post May 20 2023, 10:01 AM

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QUOTE(CommodoreAmiga @ May 20 2023, 09:57 AM)
Lol. Maybe. Good for your friends!  thumbsup.gif
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Seriously, they are all middle income workers and they are all doing well.
Aus does a lot for their citizens. Cheap education. Healthcare, etc.
Most own their own properties and can retire quite comfortably.

gashout
post May 20 2023, 10:01 AM

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QUOTE(CommodoreAmiga @ May 20 2023, 09:54 AM)
Australia pretty racist wan lah...aren't they descendants of British criminals or something?

And I farking hate Australian slangs.
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australians aren't liked in the rugby game... they are sour people....

lol
gashout
post May 20 2023, 10:02 AM

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QUOTE(prophetjul @ May 20 2023, 10:01 AM)
Seriously, they are all middle income workers and they are all doing well.
Aus does a lot for their citizens. Cheap education. Healthcare, etc.
Most own their own properties and can retire quite comfortably.
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i know, aus is becoming china town, just different climate.

aus did well for themselves i must say thumbsup.gif
CommodoreAmiga
post May 20 2023, 10:06 AM

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QUOTE(gashout @ May 20 2023, 10:02 AM)
i know, aus is becoming china town, just different climate.

aus did well for themselves i must say  thumbsup.gif
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But they play the "boycott China" game by their taiko US. Now it's gonna backfire on them.
gashout
post May 20 2023, 10:08 AM

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QUOTE(CommodoreAmiga @ May 20 2023, 10:06 AM)
But they play the "boycott China" game by their taiko US. Now it's gonna backfire on them.
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Yeah, they better shuddup.

Aus and NZ will have to pay the price for it.


gamenoob
post May 20 2023, 10:17 AM

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QUOTE(gashout @ May 20 2023, 09:54 AM)
thanks. im just worried i save up too much  biggrin.gif  biggrin.gif

my field is where the older i become, the more money i make, so ill mostly stay working. but won't strive so hard.
Yup, I would also recommend people nearing 50 to clear off your debt asap, and not have more debts.

having debts in old age is no fun.
*
Small short terms loan that can be terminated with ease is still OK la like car. But of course clear it before retire. If things goes as plan, car loan will end when kid finish college and then down size to a city with the residual balance and that Coupe if I'm still physically fit to touge

Car like my only vice and as long as manageable with logical plan, it's acceptable pleasure la.. smile.gif


Mortgages is no no for me when hit 45yrs old as I cleared them in 5 years when lock in period expired. As many said it's a sense of huge relief and accomplishments when the mortgage is settled and deed is transfered to your name....

Now just need to worry if future SIL have such planning.... tongue.gif

This post has been edited by gamenoob: May 20 2023, 10:18 AM
gashout
post May 20 2023, 10:21 AM

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QUOTE(gamenoob @ May 20 2023, 10:17 AM)
Small short terms loan that can be terminated with ease is still OK la like car.  But of course clear it before retire. If things goes as plan, car loan will end when kid finish college and then down size to a city with the residual balance and that Coupe if I'm still physically fit to touge

Car like my only vice and as long as manageable with logical plan, it's acceptable pleasure la.. smile.gif
Mortgages is no no for me when hit 45yrs old as I cleared them in 5 years when lock in period expired. As many said it's a sense of huge relief and accomplishments when the mortgage is settled and deed is transfered to your name....

Now just need to worry if future SIL have such planning.... tongue.gif
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yes, biggest chunk loan is house loan. get that over.

when im older, i think imma get myself some nice fancy car, to reward myself for the many hard work ive put in the past years biggrin.gif biggrin.gif biggrin.gif

just 1 is enough, not asking too much
gamenoob
post May 20 2023, 10:21 AM

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QUOTE(CommodoreAmiga @ May 20 2023, 10:06 AM)
But they play the "boycott China" game by their taiko US. Now it's gonna backfire on them.
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Looking very much toward this....had my fair share of dealing with morons from these 2 countries.

Can be shocking for some of these Ahole when they deal with supposedly reserve asian that bite back hard
prophetjul
post May 20 2023, 10:25 AM

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QUOTE(CommodoreAmiga @ May 20 2023, 10:06 AM)
But they play the "boycott China" game by their taiko US. Now it's gonna backfire on them.
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They have already softened since Penny Wong became foreign minister.

https://edition.cnn.com/2023/05/05/economy/...-hnk/index.html
MGM
post May 20 2023, 11:22 AM

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QUOTE(prophetjul @ May 20 2023, 09:48 AM)
Unfortunately for her, white bosses are exhibiting racial bias to her colleague.
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In Oz u will face less racial bias if u r a professional like engineer, doctor, architect, programmer, STEM jobs that the whites shun. What is your daughter's occupation?
SUSSihambodoh
post May 20 2023, 12:33 PM

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QUOTE(Ramjade @ May 20 2023, 09:36 AM)
Actually I quit my job too. Told my boss to f**k off. He said you don't need the money meh? I told him if I need the money I would be working. I am resigning right? He got a shocked and keep quiet.

My passive income have more or less match my active income so I took the leap of faith. But I will still be working free lance.

Cannot tahan the horrible office politics in this Chinaman company.

Will be experiencing what is lean FIRE is like. Lol.
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Welcome to the club
dwRK
post May 20 2023, 12:43 PM

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QUOTE(Ramjade @ May 20 2023, 09:36 AM)
Actually I quit my job too. Told my boss to f**k off. He said you don't need the money meh? I told him if I need the money I would be working. I am resigning right? He got a shocked and keep quiet.

My passive income have more or less match my active income so I took the leap of faith. But I will still be working free lance.

Cannot tahan the horrible office politics in this Chinaman company.

Will be experiencing what is lean FIRE is like. Lol.
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you selling options full time right...? i still consider it active income lah... just minimal work only... wink.gif

but really a lot of malaysian company cannot tahan... really take their workforce for granted...


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