This post has been edited by MUM: Oct 20 2021, 10:23 PM

This applied to those join tour, have budget and time restriction.

If time and budget allowed, one could stay in city like barcelona, vineyard e.g loire valley or province like tuscany for weeks or months before moving to next place.

This post has been edited by icemanfx: Oct 20 2021, 10:48 PM

if you are NOT that kind of person that liked travelling, exploring and have no fear of unknown, hustles of travelling and problems that may come up....even when you are retired, travelling may not be your forte/likings.

great and fast way to have dementia

Not at all, one could join fraternity to keep brain vigilant. These organisations is worldwide except communist and taliban countries, which you can attend meeting and meeting like-minded people.

This post has been edited by icemanfx: Oct 21 2021, 09:41 AM

i also don't know what to do after retirement.
can just see myself playing games or watching netflix only...
sooner or later, i got bored again....

I always see people posting about FIRE movement but end of the day just make sure that you lived a live well spent.

Imagine if you lived till 80 but regret during your last few breaths of things you didn't do because you want to achieve your "FIRE" status.

Whether we like it or not, money is still required to survive for long time to come.

Early in life we exchange Time for Money. Along the way if we saved enough to invest then we will make money work for us to hopefully get us more "time" back.

Retiring early is always the nice dream to have, but usually any decision we make will also lead to unexpected problems that we didn't know yet.

Who knows when we Retire, become senile, or bored to death after doing things that we want for the first several years, then later go back to work/build something cause lack progression or excitement in life.

End of the day, always be growing, learning, and building that's the most important thing IMO.

For the time I've spent learning about money and investing(Now 31), I realize the whole "diversification" will get someone financially independent but perhaps after 30-50 years of frugal living which is not for me. (assumption as an employee)

Glad that I took the calculated risk and "semi all-in" to venture into more unregulated investments, else I do not think I will be doing better that what I am today. (US Markets, ETF, Forex, Crypto, Bots)

As the world evolve, the way we invest should also evolve!

I found this nice and meaning full (at least to me) song after watching House M.D last episode.

Guy Lombardo -- Enjoy Yourself, It's Later Than You Think
https://www.youtube.com/watch?v=nFxjnUPRwx4

nicely tuned and meaningful lyric....

You work and work for years and years, you're always on the go
You never take a minute off, too busy makin' dough
Someday you say, you'll have your fun, when you're a millionaire
Imagine all the fun you'll have in your old rockin' chair

Enjoy yourself, it's later than you think
Enjoy yourself, while you're still in the pink
The years go by, as quickly as a wink
Enjoy yourself, enjoy yourself, it's later than you think

You're gonna take that ocean trip, no matter come what may
You've got your reservations made, but you just can't get away
Next year for sure, you'll see the world, you'll really get around
But how far can you travel when you're six feet underground?

Your heart of hearts, your dream of dreams, your ravishing brunette
She's left you and she's now become somebody else's pet
Lay down that gun, don't try my friend to reach the great beyond
You'll have more fun by reaching for a redhead or a blond

Enjoy yourself, it's later than you think
Enjoy yourself, while you're still in the pink
The years go by, as quickly as a wink
Enjoy yourself, enjoy yourself, it's later than you think

You never go to night clubs and you just don't care to dance
You don't have time for silly things like moonlight and romance
You only think of dollar bills tied neatly in a stack
But when you kiss a dollar bill, it doesn't kiss you back

Enjoy yourself, it's later than you think
Enjoy yourself, while you're still in the pink
The years go by, as quickly as a wink
Enjoy yourself, enjoy yourself, it's later than you think

then try to reflects if trying to save as much money or being frugal to the extreme just to squeeze the last drops of money earned to the max just to want to keep up with / wanted to be with the joneses that had retired early

Can immerse in charity, allocate time to help others.

I know a number of able men who retired early, have endless things and places to explore, and living a fulfil and happy life.

im interested in helping the young in sport & career advising.
maybe go back to school by joining/ setting up old boys association.

moderation is the key

and prioritization XD
we can have nearly anything we want but NOT EVERYTHING - kan kan

ya bro... anything too much or too little is not good.

This is truly great! Go forth and immerse yourself in the cause that inspires you.
All the best friend! Bring warmth to the world.

Too much cash flow is never a bad thing... right?

I am obviously not at that level yet, that's why would say something like this.

There's no blanket answer. Every person is unique as they have their own wants and also expectations.

RM5 million is not a small sum, neither is it a large one. I would suggest you engage a financial planner, a fiduciary, not a UT agent or insurance agent. Engage those which charge a fee and not through commissions to get the best advice.

Financial planning encompasses expenses, income, protection and legacy planning. Some provide tax advice and also naturalisation services. Remember that they don't provide investment advice. They're there to provide plans and based on your risk profile, possible outcomes. You make the ultimate choice. They should also not promote any particular product but can advise you on purchasing certain product types or asset classes. Run away from those who say they can give you better price from this company and that. There's always a catch.

Fees can be charged as a percentage of your assets or a fixed sum. You may consider paying a retainer too.

This post has been edited by kelvinlym: Oct 22 2021, 02:01 PM

rm 5m qualified for local private bank but not international private bank.

This post has been edited by icemanfx: Oct 22 2021, 02:08 PM

Don’t really need private banking. Depends on the individual needs. TS is a mum and is looking to plan for here financial future.

too much but just keep only is not beneficial.
should let other crucial ppl to get the cash flow for it to be properly utilized bro.