Today spending is only about 4k a month exclude all the kids related expenses, tax, saving plan, even insurance...

Well I'll just say I'm not your average 31yr old if I can manage to RE at this age.. I used to work 18-20hrs a day 7 days a week from 23-27 and even fell asleep behind the wheel and got into a car accident on my way back to office one day, then managed to climb to c-level position in a local plc since I was  27.

So I guess feeling burnt out at this age seems right for me.. Also coupled with the extreme toxicity, politics, backstabbing and betrayal by the owners of my current company eventhough I made them extremely rich this year.. Yeah this is really tiring..

I'm not really sure about FI though since I have to nibble at my capital monthly as I don't really have any passive income generating tools.

Still considering though.. Don't want to get myself into a financial mess by a rash decision made.

i think i marginally pass this test. hehehe but my phobia is i am not that old hence 25 years may be a tad too short.
and my networth is also partially illiquid.
but then again i am pumping my expenditures to a little bit of ridiculous levels...... lol

mine is 4.05% currently, well im not fully invested at the moment, still having cash on the sidelines
so might as well utilise the flexi facility instead of just letting my cash sit idle or in a money market fund which still returns lower than 4.05%
i need instant access to my cash when required thats why got not much of a choice.. unless you can recommend me something that can generate higher than 4.05% with a withdrawal time of T+1

the last statement of yours, are you referring to this similar kind scenario?   

https://www.statista.com/chart/30591/perfor...roductive-work/

what an unproductive day   

I reckon you'd left the firm ?

well my calculation based on the info he given. of course its just for ilustration purposes. earning RM 50k active income & 13k passive income but spend RM 10k? i think 90% of people cant do that.

Why are you talking about joining back in the workforce or leaving it all behind?

I was pointing out to the part that you say you are damn laku (get headhunters call you weekly, 50% increment etc) and can easily jump ship

well part of the reason im not leaving yet is my current employer still owes me 300k project completion bonus..
do u think i'll throw away that 300k and just jump ship for a mere 50% increment?
unless i get so fed up that i jus leave and serve them a legal letter demanding payment
exactly 

Looks like what you need is to have someone financially savvy whom you can really trust, or a financial planner (yeah, I know, the real problem is how to find such a person) to do a financial audit on you and come up with a executable plans to deploy and rebalance your portfolio.

many of us here likes to just simplify everything down to a number called networth and then plan/execute around that. The planner can do that for you. Even just optimizing by 1% can mean opening up a lot more options for you.

After he’s done PM/DM’ing you, please private message me too. 20% conservative returns, I don’t mind swapping SGD for RM and using that to invest before swapping back. Hehehe.

Ohhh sorry missed your reply earlier, yup I do have a mentor that I work closely with on my issues faced at the moment, he's been great help to me since my early career days until what I've achieved today.

Definitely I know the owners are playing games, now it's just a chess game to see who makes the next move and what it is. Cash flow wise definitely not a problem with projects that size, it is just the corporate game being played which I'm sick and tired of only

As for financial wise, Im doing fine myself, I've met multiple private bankers/fund managers/financial advisors but none of them able to confidently give me advise on what to do to outperform what I'm getting now since 10-20% is on the conservative side, the run up from early this year till now basically doubled my portfolio and cashed out partially to my war chest waiting to be redeployed.

Owh.. i have about 390k in my EPF .. but since its meaningless till the age of 55, i did not include it .

it assumes the chinese is giving money to children and the children is not reinvesting it while the westerners use investment linked life insurances which I think grows x% over time. it isn't a fair comparision. my Mandrin isn't strong correct me please
Might be different culture but also tax systems because of inheritance tax

been getting some shit from my bosses recently and really trying times.

so can i fire?

conservatively, my fixed and unfixed passive income is nearly double my yearly expenses.

I always consider epf as fixed income like bonds. Am I wrong? It feels more like bonds than stocks.
However my properties feels more like stocks.

You're right! I clearly remember my father opening the letter from MBSB and showing me the interest on the mortgage of our house - 10% was normal back then!

They asked mass affluent segment, those that is on median CURRENTLY carrying a net worth of MYR4-5mil.

Which is why they say they want at least MYR4mil to retire comfortably, because they already living this kind of lifestyle now.

Cannot be, according to all here retirement fund must be USD1-2mil wor, else how to survive 😂

According to wealth reports, less than 0.5% of adults in this country have over USD 1m net worth.

Well, we consider ourselves part of the “mass affluent” crowd in Singapore.

By that I suppose we would consume the usual suspects but at a mid/entry level, spending within our comfort zone from the spare cash we have in our kitty, while leaving the capital untouched to generate more passive income.

Example at hand:

A Submariner, not a Daytona - and a Macan, not a 911 (at least not in Singapore anyway haha).

Edited to remove the photos. I forgot this isn’t /kopitiam and there’s no need to demonstrate photographic proof to a mature audience haha