eat soft rice i rather go hungry.

got hands got legs no need scared no rice to eat
just dont be lazy


alot should be more than RM20 million,
dividend >RM66k a month

As long as the amount generates enough dividends to maintain or exceed your current lifestyle + emergency buffer.

This.

Also, if you are below retirement age and planning to FIRE, the minimum of 'a lot' is 1m. Because even if you can live with dividends generated from 700k, you can't withdraw them.

not contradictory if you follow the discussions... someone says nego with boss do less work take less pay... i say doesn't work... imply best change job that meets the intent and give a tongue in cheek example of such job... sure got other duties lah than just reading newspaper...

big companies will have a corporate or external affairs department... pay is ok because have to follow pay scale... and more than ok if its mnc...

as for "living off her money"... is only temporary...

Yes that's one reason why wife and i continue working after 45 although we could retire and do nothingness and still finance kids for studies

The issue is not money
We don't want kids to see us doing nothing at home. Won't motivate them at all to work harder and improve themselves. We want them to start from zero and work their reputation up.

in the context of whole Malaysia, T10 average salary is only around 8K rm per month.

so, working backward, around 1.5 to 2 million in EPF generates T10 lifestyle without working. good enough?

the scary part is T10 only 8Krm salary per month.

gender equality.... it's time for wife to earn big bucks while the husband stays at home.

yup... but one thing i learned... the household dynamics really changed... it has a profound effect on me, the humble husband, as the receiving party...

T10 konon. But actually B40 only. 8k is peanut butter with roti.
All these grading by EPF is way outdated.

I think 8k net, with no more mortgage n no dependants can live pretty decent life in KL.

in the coming 20 years cycle... female will be on top in most industry.

but stay at home do nothing... is a you problem...

plenty of other things you can do for them to learned by example...

what to do.... i just use what is official available for us to view in terms of stats... given by dosm.

also I picked the one for whole Malaysia... KL's T10 is 11K rm pm.

that's the scary part... if the stats is true... what does it mean?
if the stats are false or outdated, it just means gov skewing the data...

Can spend time and encourage your kid to do something together. Priceless.

Teach them things and give them a head start in life. Show them because of this, can retire early. What not so good? Besides, I have tons of things to learn in my retirement life. Time I don't have before.

This post has been edited by CommodoreAmiga: May 25 2023, 04:16 PM

I wasn't referring to a post retirement income. I was referring to the grading by EPF. which is mainly during your active working life.

Meaning life is hard for many Malaysians...no suprise right?

Dont think its epf grading, its department of statistics.which come up.with these T20, 40 income tresholds.

But its quite consistent with EPF account balance demographics, which is published annually.

definitely not easy for many of us...

I know many is basically cutting down eating out in order to prioritize on spending that is important. Not great when some even said there were no increment thanks to wfh (of course the bosses won't outright mention it)

Funny, for FIRE without any fixed asset.
As u encountered first hand KLSE is double edge sword.
Portfolio has to includes shophouse/ apartment to collect rental.
Money can depreciate over years. But asset relatively stable or longterm willappreciate. Rental income is the dividend

What you are trying to say is diversification... real estate is just one type of asset, and there are ways to gain exposure to it.
real estate has its own risk (and reward).