That was when I was younger. Travelling not for me now. It is a fast track way to learn how to oversee and control companies.

It’s better to be paid for the decisions you make, and the risk and accountability you take. No need to do work at all.

Not sure shall i FIRE or not?

Age 45..

1.6Mil kwsp
1.5mil ASM


All paid off

How much do you need to spend per month?
Any big expenses like long world tours every now and then?
Any leisure active activities you can spend your life on daily?

This post has been edited by MUM: May 21 2023, 10:25 AM

max 4-5k per month only

i will continue to work for fun until 50... add another mil or so to account...

at 50 think retirement again... prob do it then...

retire too early no fun because good friends all still busy in the rat race... unless you have plans n desires that will keep you active and occupied then go ahead...

you want to pay a bit of tax to keep them happy and avoid troublesome audits...

just do grab for fun should be fine...

thats very little

single and no kids?

if this is all you plan to spend, 3 million is more than enough. this is barely 2% drawdown.
you have 1 times buffer if u have faith in the 4% rule.

imo, if he is not sending money to Malaysia, then it should be ok.
ie, I am sure he has funds in Malaysia and by utilizing said funds, he can prove he is drawing down on his own assets in Malaysia and that is fully in compliance with tax code. nothing illegal.

of course, if flashing spending like getting a 5 series, that may attract more effort by LDHN.

My money is never coming back to Malaysia.

If d 3million generates 5% returns, it will compound with 3% every year if only need to spend 2%.

when your whole life is regular pcb salaried person... then suddenly stop... will trigger lhdn and higher chance for random audits... not just big buying or selling... wifu and i been audited 4 times past 5 yrs because of small mistakes by employer and self des why i very familiar with tax... hahaha...

most of the time they just want explanation on item abc... but sometimes they ask you provide doc for year xyz and then they do deep dive try dig up any dirt... very ma fan one i tell you... hahaha...

yes you did nothing illegal... but just try avoid their crosshair lah...

This is very admirable.

YES, YOU CAN FIRE.

and do some casual stuff or something you have been looking forward to

fully agree.

hence why I mentioned as long as he didn't remit his funds back to Malaysia, which naturally means he is spending his savings here, ldhn will not waste too much effort.
these spending he can prove the source of funds, so no issue at all to withstand any casual queries by LDHN. Just need to show them his bank accounts/FD/EPF/etc drawdown and no one cares.

Luckily (only lucky for those who are prepared to retire) with covid/MCO, not too unrealistic for many to lose their jobs... can hide as part of statistics...

Solo is enough

But if got wife children , hard to tell.

Sometimes kids come back to haunt you with their financial problems.

Easy to say won't leave anything to children, but when children have problem in their life, parents will never abandon them, and will fork out money to help.



This post has been edited by Chrono-Trigger: May 21 2023, 01:04 PM

Can but don’t.
It is time to do things you enjoy while making money.

Very true.

Depends on the individual I guess

I hated my work so I called it quits

But I understand there are people who love to work so may as well continue, and there are people who are 'OK' with work then just continue but don't really perform (quiet quitting)

In the end FIRE gives you options. If you are happy to work, then work on. If not, then quit and find something else.

If you need a break then break.

One of the benefits of FIRE ready...can always fark your boss. So? FIRE ME LAH.