understand... the age part is good enough reason to have a low swr... its up to each what's a comfortable number to set despite the normal 4% advice (usually minus a bit for buffer)... although i think as one ages, that swr can be up'ed.

one thing for sure... I need my aircon... that itself is like 40 sen every hour... lol

So all this SWR thing is on the savings/investment outside of EPF? Or purely EPF? If EPF it's almost impossible to hit 7%, right? If outside of EPF, there is almost no guarantee that one will be able to get >7% annually,  right?

The problem with stocks/ETF is you only get the money after you sell it and if you depends on the div even from S&P500 it's almost impossible to get 7%. If selling stocks what will be the strategy to withdraw using SWR?

What would consist of illiquid assets besides property?

any reason to hold on to the land? if its for capital appreciation, then ok to hold. else the standard thinking is that this is a unproductive use of capital.

Home Flexi Loans are great tools for liquid cash.  Basically, if your home is worth RM2m, take the max loan financing e.g. RM1.7m for it and put it back the full RM1.7m cash from the loan into the current account linked to the loan and zerorize the loan. Meaning you pay zero interest on the loan and now have a RM1.7m credit facility on demand.  Some banks may charge you a monthly fee of RM10 for this type of facility, but its the cheapest facility for emergency liquid cash when you need it and you may have this facility for the tenure of your home loan.  Then top it back up again and zerorize the loan once more when fresh funds come in.

FIRE liao cannot even get credit card... unless private banking... lol...

refinance maybe possible if to banks advantage...

The work I like won't be able to make money. Being a herbalist. Learning both traditional Chinese medicine and Indian medicine and using it.

You do know that that I have look and look. There is no way to increase income as a salaries person in my job. What I am earning ow is like max earning already. I will just keep it to that.

The only other way is start a business.

To me the job is a dead area. Can't get higher pay. Let me focus on my investment. That way I can maximise my investment returns by making money work as efficiently.

Well diff ppl diff need but at least with better pay you will have more options and do not need to skimp

With better pay you can CHOOSE to skimp or not to

With low pay, you will have no choice or option to

As simple as that :grin:
EDIT:

oh just to add on since you mentioned about hate on job & people

Everywhere you work there will definately be troublemakers which might include your direct superior so since you will need to endure why not endure with higher pay

It definitely helps if you can earn more money. It's basic maths. I won't dispute or argue that.

For FIRE to work needs the following
1. Salary earned
2. Additional income
3. Amount saved
4. How good is the investment
5. How early you want to retire
6. How much you are going to spend in retirement
Actually the cheat code was accidentally finding out about options. If not for options I think I would be very stressed today.

As I have practiced everything but dividend growth investing is a very slow process especially if you aim for 0.5%p.a dividend yield.

Many people even my colleagues don't even know all this basic thing. Make sure your basic is strong. That's what Iearn from ASSI.
I won't focus on tech stocks only because there are stocks that are non tech that give tech stocks return. Hence quality investing. It allows me to buy anything under the sun as long as they are high quality as long as interactive broker have access to them.

Well

Since staying the father house need to follow his rule lah :grin:

No pay mortgage or rent then need to pay in another form, nothing is free

Nothing wrong ya.. hard to find such filiai son nowadays

i dont wish my child going tru  Ramjade's job sufferings
then no need to do those options thingy to compensate

my priority is for them to have a good professional job
good pay starting at 5k and above
only need to   know how to save cukup

4-6% returns on savings no need skills

For most ppl the first pot of gold is the hardest to get. Where can u get the pot of gold other than from your work, unless daddykasi.

Curious, i assume u dont encourage/expect your children to work a regular job, do u at least expect them to get a “useful” uni degree or anything goes as long as they graduate? Or education too is no longer essential?

I got no sifu for job. I just take what is available for me. I got lots of sifu for investing which helps a lot. If not for my investing sifus I won't be here today.

So many people don't believe me, look down on me, don't care la. As Chinese saying (I think) as long as you know you are honest and do the right thing and do no harm, don't care.

I believe everyone has read this before:

When you are young, u have time and health but limited money

When you are at prime working age, u have health and money but limited time

When you are old, u have money and time but limited health.
There is a period, a finite amount of years typically from your 50s (or 40s if you are top performer) to your early 70s, when you have all 3.  Those are the years to make the most of retirement.  Your body is still functioning well, you are (hopefully) comfortable with money, and retiring early gives u freedom of time.  We are blessed because cost of living here is extremely cheap compared to many other places worldwide. Quality vs price ratio is one of the best worldwide, thats why many foreigners are moving here.

Yes I will make sure my family lives B40. This is to let them know the value of money so that they will appreciate the money when they are grown up.

Like captain America movie quote
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